Bank of Canada governor Mark Carney raised the overnight lending rate a 0.25% point on Wednesday morning. CTV News reports: The decision marks the third straight month that the central bank has boosted the rate, which was set at a rock-bottom 0.25 per cent during the recession. The overnight lending rate affects short-term borrowing, such as variable-rate mortgages and some lines of … [Read more...]
Bubble or no Bubble? That is the question.
September 9, 2010 By 7 Comments
Ever since last week, there has been a lot of talk (in the media) of a real estate bubble about to happen in Canada. Many articles were written about the markets that are anticipated to be affected. The gazette began the topic on August 30 with Housing Bubble: An accident about to happen. Followed by the list of cities whose market are in danger of a bubble burst. I haven't really gotten … [Read more...]
Wednesday Links: Mortgage Rules in the Media
February 17, 2010 By 2 Comments
Reckless speculators get a cold shower - The Globe and Mail Ottawa's decision to hike minimum down payment required to obtain insurance on investment homes likely to have immediate effect. Don't worry, home loan rules can still be bent - The Montreal Gazette The good news or bad news, depending on your perspective, is you can still buy a home in Canada with almost no money... Home buying … [Read more...]
L’économie se rapprocherait de la reprise- La Presse
March 9, 2009 By Leave a Comment
This was an article published at La Presse today. L'économie mondiale se rapproche «du moment de la reprise» a affirmé lundi le porte-parole des dix grandes banques centrales mondiales (G10) Jean-Claude Trichet lors d'une conférence de presse à Bâle. «Il y a un très fort engagement des autorités, des gouvernements à ne pas laisser sombrer des institutions d'importance systémique», … [Read more...]
Friday Blogwrap and News
March 6, 2009 By Leave a Comment
Last summer in Le Plateau. photo: Deya Bautista McTavish Revisited…after $9M in security measures.[Spacing Montreal] St Laurent block to be rebuilt as an "eco-friendly showcase of art." [Montreal City Weblog] Gare de la future navette ferroviaire: 25 millions investis sans garantie [La Presse] New hypothetical airport train station [Same subject by Spacing Montreal] Arrests made in … [Read more...]
Thursday Real Estate News & Blogwrap
March 5, 2009 By Leave a Comment
Photo: Graffiti on Rue Duluth by Deya Bautista Property investors in Canada likely to see sliding property sales and prices [Property Wire] Housing market to rebound for 2010 [ The West Island Chronicle] Women homeowners value financial security, personal space, poll says [Calgary Herald] Mont Royal: un patrimoine culturel en péril! [Le Devoir] Projet Montreal proposes the creation of … [Read more...]
Griffintown: A no-go without the city’s financial help
March 3, 2009 By 1 Comment
Just two weeks ago we had news about the Griffintown Project scaling down to 30% from its original size. Yesterday we had news via La Presse, that Devimco is asking the city of Montreal to step in with financial help, otherwise the project won't be finished until 2013. The city's response: "We'll evaluate the request and see what we could do". Be sure to read more on that soon. … [Read more...]
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