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Blogs
Canada Mortgage Blog
Bank of Canada ups growth, stands pat on rates
April 13 2011
OTTAWA — The Bank of Canada boosted its growth forecast Tuesday but threw a curve ball at Bay Street expectations for a July interest-rate hike by warning the “persistent strength” in the loonie could cause even greater headwinds for the economy.While some analysts still expect the central bank to start raising rates in Ju...
Posted in Financial Update
More than half of young adults waiting till next year to buy home: RBC survey
April 08 2011
By Sunny Freeman, The Canadian Press TORONTO - As rising home prices continue to outpace income growth, many young Canadians have decided to delay home ownership for another year, according to a poll released Thursday by Royal Bank of Canada.RBC's annual home ownership poll found that 55 per cent of respondents aged 18 to 34 said it made sense to delay a home purchase until next year. That's 10 percentage points more than the...
Posted in Financial Update
How much home can you afford?
April 07 2011
Rosemary McCracken, Postmedia News · Mar. 30, 2011 | Last Updated: Mar. 30, 2011 4:04 AM ET
Newly minted professionals shopping for their first home in downtown Toronto are real estate agent Andrew Bodnar's typical clients. "They see home ownership as a status symbol," says Mr. Bodnar, an agent with ReMax Condos Plus, "and an investment."But young pe...
Posted in Financial Update
Canada in Middle of Growth Spurt.
April 07 2011
By The Associated Press OTTAWA - A leading international think-tank says Canada will lead its peers in the G7 in economic growth during the first half of this year. The Organization for Economic Co-operation and Development says the outlook for economic growth has brightened for all G7 countries, with the exception of Japan .But the improvement has been most marked in Canada and to a lesser extent the United States.
Posted in Financial Update
Banks Hold Most Of The Cards In Mortgage Game
September 23 2010
John Greenwood, Financial Post · Friday, Sept. 17, 2010
Posted in Financial Update
Canadian economy grows faster than expected in January
April 01 2010
OTTAWA – The stalwart Canadian economy marched doggedly forward in January, growing faster than anticipated thanks to a healthy boost from a manufacturing sector that appeared to be in full rebound from the recession.
Posted in Financial Update
No GST hit for financial sector
April 01 2010
Tara Perkins
Globe and Mail Update
Finance Minister Jim Flaherty has pledged to not impo...
Posted in Financial Update
CARNEY'S CONUNDRUM
March 19 2010
It wasn't so long ago that Bank of Canada governor Mark Carney warned about the dangers of "persistent strength" in the Canadian dollar, and left open the possibility of foreign-exchange intervention to cool the currency's rise.
Posted in Financial Update
