interest rates

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Canada’s Housing Market: Slow and Steady Wins the Race

Canada’s Housing Market: Slow and Steady Wins the Race Following the federal government’s latest mortgage requirements, the Canadian housing market has seen a dramatic downturn in sales. Over the past few months, cities such as Barrie, Toronto, and Vancouver have gone from having houses sell within 24 hours to houses sitting for weeks - in [...]

By |2018-12-21T20:14:48+00:00October 30th, 2018|Economy|Comments Off on Canada’s Housing Market: Slow and Steady Wins the Race

HOUSING TREND IN CANADA

  Housing affordability in Canada deteriorates marginally in the second quarter of 2013 The recent upswing in the Canadian housing market brought with it some mild erosion in housing affordability in the second quarter of 2013. Successive month-to-month advances in home resales and housing starts this spring seemingly marked an end to the cooling of [...]

By |2017-01-04T00:58:59+00:00September 3rd, 2013|Economy|0 Comments

Canada has room for more interest rate cuts: IMF

OTTAWA — While Canada’s economy should pick up later this year, there are external and domestic threats that, if unchecked, could make a case for more interest rate cuts, according to the International Monetary Fund. The IMF said in its annual report Thursday that Canada’s economy will grow by 1.8% in 2013, hobbled by a [...]

By |2017-01-04T00:59:00+00:00February 16th, 2013|Economy|0 Comments

Bank of Canada says may have to hike rates

OTTAWA - The Bank of Canada left its key interest rate at 1 per cent on Tuesday as expected but said it may need to start hiking rates due to firmer-than-expected growth and inflation as well as a less hostile global backdrop. "In light of the reduced slack in the economy and firmer underlying inflation, [...]

By |2012-04-17T17:18:06+00:00April 17th, 2012|Economy|0 Comments

5 reasons a fixed-rate mortgage could be your best bet

It's a decision that millions of Canadian homeowners struggle with repeatedly during their time as homeowners: Do they choose the security of a fixed-rate mortgage, or opt for the flexibility (and usually lower cost) of a variable rate and hope that rates don't spike higher? But right now, unusual conditions in the mortgage market mean [...]

By |2017-01-04T00:59:09+00:00December 5th, 2011|Mortgage Tips, Uncategorized|0 Comments