You can always count on the media and the "Market experts" to make an issue out of something small, like the 0.1% decrease the new home prices in July. CTV News [Edmonton] reports: "The price of new homes fell 0.1 per cent in July after a 0.1 per cent increase in June -- the first drop in more than a year, according to Statistics Canada's latest report." So Statistics Canada comes out with a … [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...]
New Rules for Canadian Mortgages
February 18, 2010 By 6 Comments
You’ve probably read about the new regulations regarding Canadian mortgages for buyers/ investors and home owners wanting to re-finance. In case you haven’t been following, here is the scoop. Three changes will come in effect on April 19: Qualification: All borrowers will need to meet standards for five-year fixed-rate mortgages regardless of whether they're seeking a loan with a lower … [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...]
Home re-sale market shows signs of recovery
May 21, 2009 By Leave a Comment
Canada's housing market shows every sign of having bounced back from its recessionary bottom, with both the number and price of homes rising for the third straight month in April. The Canadian Real Estate Association said homes sales soared 11.2 per cent on a seasonally adjusted basis from March, the biggest jump in five years, and with 34,838 units trading hands, the highest level in seven … [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...]
Lets connect