Inflation surges most in 20 years as gas prices spike

March 27, 2013 under Useful Articles
Gordon Isfeld | 13/03/27 | Last Updated: 13/03/27 9:29 AM ET OTTAWA — Canada’s sleeping giant — inflation — appears to be stirring again. While the annual rate of price increases jumped surprisingly in February, the month-over-month rise was also notable — hitting a pace not seen in more than 20 years, fuelled by higher gasoline costs. But that trend could be short-lived, economists say. Statistics Ca
comments: Comments Off

Where do mortgage rates go from here?

March 26, 2013 under Useful Articles
Garry Marr | 13/03/25 | Last Updated: 13/03/25 12:05 PM ET They can’t go lower, can they? And what if mortgage rates start to climb? Could that be the last straw for the housing market? It’s tough to make a pan-Canadian call on where real estate will land in 2013. The Prairie provinces seemed posed to avoid the downturn, but sales are starting to fall in many markets with a price dip happening already or pr
comments: Comments Off

Tories exploring 40-year debt issue to pounce on ‘low historic rates’

March 22, 2013 under Useful Articles
Garry Marr | 13/03/21 | Last Updated: 13/03/21 7:27 PM ET OTTAWA — Finance Minister Jim Flaherty may be cracking down on banks offering low rates to consumers, but his own government seems to be looking for the cheapest debt it can find. In its Budget 2013, the government says it’s ready to pounce on “continued low historic rates” and is now assessing the potential of issuing bonds for 40 years  – o
comments: Comments Off

Younger Canadians pessimistic about ability to own a home, poll shows

March 21, 2013 under Home Buyer Resources, Useful Articles
Canadian Press | 13/03/20 | Last Updated: 13/03/21 7:04 AM ET A large majority of Canadians in the so-called Y generation are worried that affordability will hamper their desire to own a home in their lifetime, according to an online survey conducted for real estate firm Royal LePage. More than 72% of poll respondents born between 1980 and 1994 — currently aged between 19 and 33 — said they were pessimistic
comments: Comments Off

Flaherty blasted for pressuring Manulife to pull low-rate mortgage

March 20, 2013 under Useful Articles
Gordon Isfeld | 13/03/19 | Last Updated: 13/03/20 9:50 AM ET OTTAWA • Insisting that he will not tolerate a “race to the bottom” on mortgage rates, Finance Minister Jim Flaherty has succeeded in pressuring Manulife Bank to cancel its plans to offer consumers a lower interest rate on its five-year-fixed mortgage. The intervention drew fire Tuesday from critics, inside and outside the House of Commons, accu
comments: Comments Off

S&P warns of ‘socially explosive’ situation in Spain, Italy and France

March 18, 2013 under Useful Articles
Reuters | 13/03/18 9:12 AM ET BERLIN — Standard and Poor’s sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing to put up with austerity, S&P’s Germany head Torsten Hinrichs told a newspaper. “The high unemployment in Spain, Italy and France is socially explosive,” Hinrichs was quoted as saying in Monday’s
comments: Comments Off

No longer foreclosure nation

March 18, 2013 under Home Buyer Resources, Useful Articles
Melissa Leong | 13/03/16 | Last Updated: 13/03/15 5:49 PM ET The note to investors was entitled: “Someone say house party?” Strategists at the Bank of America assessed the U.S. real estate market and have bravely announced that the “positive feedback loop has begun.” U.S. home prices would likely increase 8% this year, up from a previous estimate of a 4.7% increase, they predicted. JPMorgan Chase & Co.
comments: Comments Off

Home sales have plunged almost 16% in a year as price gains slow

March 15, 2013 under Home Buyer Resources, Useful Articles
Andrea Hopkins, Reuters | 13/03/15 | Last Updated: 13/03/15 11:16 AM ET TORONTO — Sales of existing homes in Canada fell in February from January while year-over year sales plummeted, the Canadian Real Estate Association said on Friday in a report that bolstered evidence Canada’s once-hot housing market is slowing. The industry group for Canadian real estate agents said sales were down 2.1% in February from
comments: Comments Off

Tony’s Latest Update 14/03/2013 – Spring Round Up

March 14, 2013 under Tony's Latest Updates
Has the Vancouver Real Estate market sprung into high gear? Most realtors are reporting increased activity as buyers are taking advantage of current low interest rates and softer prices. The local Real Estate may benefit from the recent tightening of homeownership rules in China and the expected decrease in both variable and fixed rates, not to mention the removal of BC's HST. Landcor's latest BC Residential Sale
comments: Comments Off

Survey: Halifax job picture looks sunnier

March 14, 2013 under Useful Articles
March 12, 2013 – 6:50pm BY BILL POWER BUSINESS REPORTER A moderate hiring climate is anticipated in the Halifax market from April through to June, says the latest Manpower Employment Outlook Survey. However, a local official with the organization said the employment scene will be better for job hunters than during the same 2012 period. “With seasonal variations removed from the data, our net employment out
comments: Comments Off