Drastic Drop Canadian House Prices in Store
May 27, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Realtors to Canadians: Chill out Steve Ladurantaye Real Estate Reporter Globe and Mail Update There will be no drastic drop in Canadian housing prices, the Canadian Real Estate Association said Thursday, because house prices will stabilize and climbing household income will make owning a home more affordable. Responding to reports from some of the country’s [...]
Loonie’s Plung Signal Long Term Risk
May 26, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Loonie’s plunge signals long-term risk for Canadian and global economies By Julian Beltrame, The Canadian Press OTTAWA – The Canadian dollar plunged to its lowest level in eight months before recovering Tuesday, sending a clear signal that Europe’s debt crisis has the potential to reach across the Atlantic and impact Canada’s mending economy. The loonie [...]
Canadian Home Prices Up
May 25, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Canadian home prices up | Tuesday, 25 May 2010 Owning a home in Canada, except in Alberta, has become even more expensive, according to the latest housing report just release by RBC Economics Research. The report says the costs of owning a home rose for the third straight quarter across all housing segments in the [...]
New Lending Rules
May 25, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
New rules cuff some mortgages to banks Garry Marr, Financial Post A headlock would be the wrestling term to describe the hold Canadian banks will have on some consumers because of new, more strict mortgage rules. We are already seeing the impact of the changes that came into effect on April 19, but were put [...]
Is That It For Parity
May 21, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Is that it for parity? By Andrew Flynn, The Canadian Press TORONTO – The loonie has been living up to its name in recent weeks, swooping crazily from just above parity with the U.S. greenback to well below as it navigates a violently turbulent global economy. The Canadian dollar’s latest move was a 2.12-cent retreat, [...]
Canadian Dollar falls against US Dollar
May 20, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Thursday, 20th May All eyes were on the Canadian Dollar (CAD) on April 6th as it hit parity against the US Dollar (USD). However the run seems to be over as commodity prices drop off and the CAD falls to 0.9350. Historically, commodity prices drive the CAD, no real surprise for this export led economy. [...]
Selling Your Home With No Realtor
May 20, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Private sellers shaking up real estate industry Steve Ladurantaye Globe and Mail Gordon Ives is the sort of customer who keeps real estate agents awake at night: a former customer. Last year, after several years of trying to sell his Charlottetown home through an agent, the retired banker decided to change tack and find a [...]
Interest Rate Hikes Are Coming
May 19, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Friday’s inflation rate expected to open door to interest rate hikes: economists By Julian Beltrame, The Canadian Press OTTAWA – Canadians likely have only two weeks left to enjoy historically low interest rates. With global markets beginning to stabilize following the recent fears over a Greek debt default, economists say the pieces are falling into [...]
Time to Lock In That Mortgage Rate
May 11, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Time to lock in that mortgage rate? Andrew Allentuck, Financial Post Published: Thursday, May 06, 2010 Taking on a mortgage is a big commitment. Every buyer who uses a mortgage has the choice of floating or going with a fixed rate that often costs a couple of percentage points higher per year. Today, for example, [...]
Economic Highlights
May 10, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
NORTH AMERICAN & INTERNATIONAL ECONOMIC HIGHLIGHTS At this time it is important to put the Greek situation in perspective. Will we be talking about Greece 12 months from now? Clearly, no one can predict how the stock and bond markets will react in the coming weeks to developments in Europe. After all, as we all [...]
