Banks Looking for Alternative Sources of Profit as Residential Mortgages Slow
It’s no secret that home sales are slowing all over Canada. And along with that, mortgages are starting to dry up at the big banks, too. It’s for this reason that experts believe the trend at banks is going to be starting to focus on commercial lending, capital markets, and other forms of profit that…
Read moreRateSupermarket.ca is Purchased by Kanetix
It’s not often that the purchase of a website makes the news. It happens every day. But when the website being purchased is one of the biggest rate comparison sites for mortgages in Canada today, people take notice. That’s just what’s happened with RateSupermarket.ca after it was purchased by Kanetix. Kanetix will add RateSupermarket to…
Read moreRules will NOT be Bent for Telus
Just last week we asked whether or not the government should bend the rules to allow the Telus takeover of Mobilicity. The ruling has come down and it turns out, they’re not. The spectrum, or radio waves, that Mobilicity purchased upon their start-up cannot be transferred until next February. In a statement issued today, Industry…
Read moreNon-Mortgage Debt Sees Biggest Drop in Nearly 10 Years!
We’ve talked at length about household debt, and how Canadians have seemed to be taking on more and more each year. It’s all anyone has seemed able to talk about lately, in fact, with the Department of Finance and Bank of Canada being especially concerned about the high levels that have been seen lately. Now…
Read moreMore Analysts Say to Expect “Significant Collateral Damage” from Housing Cool Down
Just this morning we brought a positive, albeit subdued, report on the housing market from one of the biggest associations of professionals in the industry – CAAMP. Now though, we bring you an opposing view from more analysts in the industry. This time it’s Ben Rabidoux, an analyst with Hanson Advisor, and an expert known…
Read moreCAAMP Sees Housing Market Steady for this Year, Slow for Next
CAAMP has just released their Spring Mortgage Report, which sums up what the housing and mortgage market look like for the rest of 2013, and makes predictions of what we can expect continuing into next year. In that report, author Will Dunning, CAAMP’s chief economist, says that while low interest rates will continue to fuel…
Read moreThe Cost of NOT Doing Renos By the Book
Get it done as fast as possible, and for as little money as you can possibly fork over. These are the two biggest goals you have when embarking on renovations, right? For many homeowners unfortunately, they are. The project just needs to get done quickly so you can start realizing all that extra value now…
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