The Bank of Canada acknowledged Canada’s economic recovery by raising its trend-setting interest rate to 0.75 per cent, but warned of a weak global economic picture. While saying that consumer and government spending continue to drive the Canadian recovery, Bank Governor Mark Carney admitted that the rebound from the recession will unfold more slowly than [...]
So you own your own house, or maybe you are contemplating jumping into the real estate market since the interest rates are still quite low. Have you wondered how you can make the most of your investment? Here are some obvious and not so obvious ways you can use real estate to boost your bank account. [...]
Looks like the end of the low home borrowing costs! By Sunny Freeman, The Canadian Press TORONTO – Rising mortgage rates announced Monday signal the end of historically low home borrowing costs and present Canadian consumers with a dilemma: either stay flexible, hope for the best and ride out the next several months or lock [...]
As Ottawa tightens the reins on speculation in the Canadian condo market through newly introduced mortgage changes, some industry professionals have questions about how the government’s moves will dampen the practice it wants to prevent. Finance Minister Jim Flaherty announced a series of mortgage rule changes Tuesday morning, in an effort to proactively limit risks [...]
