By Julian Beltrame, The Canadian Press
OTTAWA - The Bank of Canada is keeping interest rates at historic lows for a few more months, while sending out signals that the economy is rebounding strongly and could trigger inflationary pressures.
The central bank's more positive take on the economy followed a Statistics Canad ...
Government of Canada Takes Action to Strengthen Housing Financing
Mortgage changes target 'reckless' buyers: Flaherty
The question most heard yesterday was, "what 5 year rate will they have to qualify on?".
It will be the 5 year rate at that institution granting the commitment. As the client was having to qualify on that institutions 3 year rate, it will now be their 5 year rate.
Th ...
Canadian real estate sales and prices are poised to set records this year, according to a new forecast that is bound to reignite calls in some quarters for tighter lending rules.
The Canadian Real Estate Association, which represents 100 boards across the country, said Monday it expects existing-home sales to reach 527 ...
Deciding on a mortgage
It is generally less expensive to continually roll over a short-term mortgage than to commit to a long-term one
Eric Tyson and Tony Martin
Published on Tuesday, Feb. 02, 2010 1:04PM EST Last updated on Tuesday, Feb. 02, 2010 1:06PM EST
This is the sixth in a series of 10 excerpts from Investing for Canadians for Dummies.
Whether to go for a short- or long-term mor ...
Bryant Renovations at a Leslieville home where they're renovating the bathroom and replacing the flooring of the main floor. Fred Lum/The Globe and Mail
With days until deadline, Canadians scramble to take advantage of the government's home renovation tax credit
With the Jan. 31 deadline just around the corner, anyone ...
Historical Rate Sheet
2009
Comparison of the "Fixed" rate vs the "Variable" rate....2009
Strategies to Pay Off Holiday Purchases
With holiday purchases - a lot of them put on plastic - soon coming due, many Canadians are sorting through bills and realizing that they have too much high-interest credit card debt. This new year, consider taking charge of borrowing costs by paying off higher-interest consumer debt with funds secured through mortgage financing.
A common mort ...
After beginning the year at near record low sales levels, buyers' confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009.
The Real Estate Board of Greater Vancouver (REBGV) reports that to ...