Variable rate may no longer win
July 28, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Variable rate may no longer win Garry Marr, Financial Post · Tuesday, Jul. 27, 2010 Not that there are a lot of people buying houses these days, but the answer to the age-old question of whether to go long or short on your mortgage is unclear yet again. The Bank of Canada’s second quarter-of-a-point rate [...]
Surrey Allow Secondary Suites City-Wide
July 27, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
A suite built above the garage of a South Surrey home. Photograph by: PNG, PNG METRO VANCOUVER – After decades of debate, Surrey has decided to permit homeowners to have one secondary suite in all single-family homes in the city, following an Ipsos Reid telephone poll in which 63 per cent of those surveyed supported [...]
First-Time Home Buyers’ Tax Credit $750.00
July 26, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
1. What is the home buyers’ tax credit (HBTC)? For 2009 and subsequent years, the HBTC is a new non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home after January 27, 2009 (i.e., generally means that the closing is after this date). 2. How is the [...]
Pay Your Bills On Time – Protect Your Credit
July 21, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Have you ever forgotten to pay a bill on time, missed the due date or misplaced a bill? If you have, you are not alone. These are the top three reasons that Canadians give for why they have missed paying their bills, according to the TD Canada Trust Everyday Banking Poll. Canadians may be [...]
Less Borrowing – Interest Rates Rise
July 21, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Canadians back away from borrowing Owe Canada. It’s not our anthem any more. Crazy borrowings on lines of credit? History. The gotta-buy-now housing market? Toast. Credit card debt? Slowing down, too. Many months ago, it was fashionable to question how Canada’s profligate borrowers would hold up when interest rates began to rise. Today, after the [...]
Bank of Canada Increases Rate 3/4%
July 20, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Bank of Canada increases overnight rate target to 3/4 per cent OTTAWA, July 20 /CNW Telbec/ – The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate [...]
Housing Sales Fall Sharply In June
July 15, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Housing sales fall sharply in June Steve Ladurantaye Real Estate Reporter Globe and Mail The spring housing market ended with a gasp in June, as residential housing sales fell sharply across the country and the average resale price moved lower after months of record setting gains. The Canadian Real Estate Association said the [...]
High Risk Investment or Savings Account?
July 14, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Recession-battered Canadians growing more conservative with savings By Sunny Freeman, The Canadian Press TORONTO – Recession-battered Canadians are growing more conservative with their money and turning away from high risk investments to the safety of savings accounts — a trend that banks are cashing in on, industry insiders say. Canadians this year have opened about [...]
Interest Wave Hike Next Week
July 13, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Upbeat survey may pave way for interest rate hike By Julian Beltrame OTTAWA — Canadian firms are giving the recovery a vote of confidence in a key quarterly survey, paving the way for the Bank of Canada’s expected interest rate hike next week. The central bank’s quarterly survey, released Monday, showed firms were concerned about [...]
Loonie jumps after employment report
July 9, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Canadian economy adds 93,200 jobs in June; loonie jumps after employment report By Julian Beltrame, The Canadian Press OTTAWA – Canada enjoyed another big month for employment in June, churning out a whopping 93,200 new jobs — almost all in Ontario and Quebec and all in the services sector. The strong performance brings the jobless [...]
