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As you might have seen in the news, the Bank of Canada cut it's overnight rate to 0.5% from 0.75%. Here is what this change might mean to you. If you currently have a fixed rate mortgage, your mortgage payments will remain unchanged. However, if your mortgage is coming up for renewal in the next […]
Against the backdrop of mixed economic signals at home and abroad, Canada’s real estate market remained healthy in the second quarter of 2015, with solid national average price appreciation across housing segments. Furthermore, the combination of high sales volumes and vigorous price appreciation in Canada’s largest cities has put the national residential real estate market […]
If you should fall victim to identity theft, it is important that you act quickly. Contacting the correct agencies and filing the necessary reports will go a long way toward minimizing any damage to your financial well-being. CREDIT BUREAUS Immediately contact the fraud departments of each of the credit bureaus listed on the back of […]
The trend measure of housing starts in Canada was 183,959 units in June compared to 179,908 in May, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “The trend in housing starts increased this month as multiple starts […]
The vacancy rate for seniors’ residences decreased over the past year, reaching 8.1 per cent in 2015, compared to 8.7 per cent in 2014, according to the Seniors’ Housing Report – Canada Highlights released by Canada Mortgage and Housing Corporation. “As was the case in 2014, the increase in the total number of spaces for seniors in 2015 was […]
To help you protect that investment and find a safe, comfortable place for your family to call home, here is a list of some of the things you should look at before you buy a home, to make sure you won’t end up having to pay for a lot of expensive repairs: Decks and porches—look […]
Although oil prices seem to have stabilized, Alberta's economy will post an overall decline in real gross domestic product (GDP) this year, according to The Conference Board of Canada's Provincial Outlook: Spring 2015. “Alberta’s economic performance will be underwhelming this year and next, especially compared with recent years,” said Marie-Christine Bernard, Associate Director, Provincial Forecast, The […]
