The Bank of Montreal is suing hundreds of people in Alberta, including lawyers, mortgage brokers and four of its own employees, in what is one of the largest alleged cases of mortgage fra ...
| Friday, 16 April 2010
The Bank of Canada should keep the overnight interest rate as is in April, but aim for a target interest rate of 1.25 per cent by October and 2.50 per cent by April 2011, the C.D. Howe Institute's Monetary Policy Council recommended.
Nine of the ten members of the Council - which provides an independent assessment ...
Here is a brief rundown of the changes:
What's changed in terms of qualifying for a mortgage?
What do rental prop ...
TORONTO -- Sales of existing homes in Canada dipped for a second straight month in February, but remained high on a year-over-year basis, as the market may be moving into more balanced conditions, data showed on Monday.
The Canadian Real Estate Association (CREA) said a total of 42,799 homes changed hands last month, down 1.5% from January, as a large gain in sales in Toronto were off ...
Finance Minister Jim Flaherty announced new rules aimed at preventing homebuyers from getting in over their heads with mortgage debt. (Fred Chartrand/Canadian Press)
Finance Minister Jim Flaherty announced new rules Tuesday aimed at preventing homebuyers from getting into financial difficulty wh ...
Lately some borrowers in the U.S. have been considering walking away from their mortgage, even if they have a means to pay it.
Some say it's a rational decision when you owe more on your mortgage than the home is now worth.
New Jersey-based Loan Value Group LLC has come up with an incentive to keep those payments coming, however. In a press release today, the company says it is launching th ...
Following a report in Saturday's Globe and Mail that banking officials have called for tighter mortgage rules to stave off a housing collapse, Finance Minister Jim Flaherty told reporters he does not see signs of a housing bubble in Canada.
According to the paper, Flaherty made the comments following the weekend's finance summit. Although he said there were some "signals in the market that ...
Housing starts hit a 15-month high according to a real estate report today, as media all across Canada continued to speculate whether the latest gains had stretched too far.
The Wall Street Journal and Canadian Business were amongst the publications recently to ask whether Canada's surprise performance in real estate was the start of a boom in the industry, or instead was nearing a bubble ab ...
Calgary, February 1, 2010 - Affordability continues to drive a recovery in Calgary's housing market according to figures released today by the Calgary Real Estate Board (CREB®).
The number of single family homes sold in January 2010 in the city of Calgary was up 39 per cent from the same time a year ago, while condominiums sales saw an increase of 67 per cent from the same time a year ago ...
Happy New Year and welcome back everyone. Bond yields remain
elevated after increasing late last year. So far it has been in
fairly thin trading so few lenders have responded with changes to
mortgage rates but if the bond yeilds remain at these levels in
regular trading we could see some increases on the fixed term
mortgage rates."
"On the fixed rate side….
...