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If you are 4 years or more into a 5 year term, should you consider an early renewal? A Manulife survey in 2011 found that almost 2 in 3 survey respondents didn’t compare products from lenders when their mortgage was up for renewal. The number of Canadians who don’t compare mortgage products are surprising considering […]
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. Total CPI inflation is at 1 per cent, reflecting the drop in consumer energy prices. Core inflation has remained close to […]
The trend measure of housing starts in Canada was 179,016 units in March compared to 180,236 in February, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts. “Despite recent month-to-month changes in the SAAR, the trend in housing starts […]
According to the BMO Household Savings Report, more Canadians are making saving a habit by using a fixed savings plan that includes monthly contributions. In fact, one-in-three Canadians (31 per cent) have a fixed savings plan in place heading into 2015, a year-over-year increase of 19 per cent. However, the report also found that 19 […]
The long-predicted soft landing for condominium markets in cities across Canada is in sight for 2015, with modest gains in sales and prices in most major Canadian cities, according to the latest Conference Board of Canada condo report released by Genworth Canada. The Winter 2015 Metropolitan Condo Outlook forecasts positive condominium price appreciation in most […]
The Consumer Price Index (CPI) rose 1.0% in the 12 months to February, matching the increase in January. Lower gasoline prices continued to be the largest downward contributor to the CPI on a year-over-year basis in February, posting a 21.8% decline. However, February's decline was smaller than the 26.9% year-over-year decrease observed in January. Excluding gasoline, the CPI increased 2.2% on a year-over-year basis in […]
International investment in commercial real estate is dominated by Asian interests in both Canada and the U.S., according to a new survey from the Richard J. Rosenthal Center for Real Estate Studies at REALTOR®University and the National Association of Realtors®. Investors Lead International Commercial Investment (PRNewsFoto/National Association of Realtors) The survey found that 47 percent of Canadian respondents […]