Realtors roll out special training

July 19, 2013 under Useful Articles
July 17, 2013 – 6:56pm REMO ZACCAGNA BUSINESS REPORTER The Nova Scotia Association of Realtors has launched a new training program to improve the overall consumer and agent experience and reduce industry turnover. Available since July 1, the 36-month Realtor career development program is mandatory for students who have successfully completed their licensing course and are association members. Linda Smardon,
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Bank of Canada Governor Stephen Poloz signals rates to stay static for some time

July 19, 2013 under Useful Articles
Gordon Isfeld | 13/07/17 | Last Updated: 13/07/17 12:41 PM ET OTTAWA — Canada’s economy is still in for a choppy ride, even as the climate appears to be improving here and elsewhere. But the Bank of Canada on Wednesday clouded that outlook, saying its view “balances the many upside and downside risks to inflation” and that will keep interest rates near record lows for some time to come. For Stephen Polo
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7.15.13: Over half of retired Canadians stuck paying down debt, poll shows

July 15, 2013 under Home Buyer Resources, Useful Articles
M. Corey Goldman, Financial Post Staff and National Post Wire Services | 13/07/15 | Last Updated: 13/07/15 12:40 PM ET More than half of all retired Canadians are carrying debt, with many stuck managing two or more payments a month, a new CIBC poll shows. Fifty-nine percent of retired Canadians surveyed said they currently hold debt, according to a new CIBC poll conducted by Harris/Decima. That compares to t
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Canadian home sales fall from year ago, prices jump nearly 5%

July 15, 2013 under Home Buyer Resources, Useful Articles
Canadian Press | 13/07/15 | Last Updated: 13/07/15 9:54 AM ET OTTAWA — The Canadian Real Estate Association says home sales in June were down from a year ago but up from the previous month. The association says sales last month were down 0.6% from a year ago, but up 3.3% when compared with May. When compared with a year ago, Toronto and Montreal were lower, while Vancouver, Calgary, and Edmonton were up compa
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Home prices suffer smallest annual increase since 2009: Teranet

July 15, 2013 under Home Buyer Resources, Useful Articles
Bloomberg News | 13/07/12 | Last Updated: 13/07/12 10:52 AM ET Canadian home resale prices advanced at the slowest pace in almost four years last month led by a decline in Vancouver, according to the Teranet-National Bank Composite House Price Index. Prices across 11 cities rose 1.8% in June from a year ago, National Bank Financial said today from Montreal. That is the slowest since a 0.3% gain in October 2009.
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Canada’s new home prices tick up 1%, led by Calgary

July 11, 2013 under Home Buyer Resources, Useful Articles
Greg Quinn, Bloomberg News | 13/07/11 10:58 AM ET Canada’s new home price index rose in May led by Calgary and cities in Ontario, the government statistics agency said. The 0.1% national gain was led by a 0.9% increase in Calgary, Statistics Canada said Thursday in Ottawa. Prices also rose 0.6% in the Ontario cities of St. Catharines-Niagara, Sudbury and Thunder Bay. Economists predicted the index would rise 0.
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A modest rise in interest rates could cause a million households to ‘collapse’

July 11, 2013 under Useful Articles
By Richard Dyson and Andrew Trotman 6:00AM BST 11 Jul 2013 The number of households spending more than half their income servicing debts – which stood at 870,000 before the crisis in 2007 – could exceed one million in coming years if the Bank Rate climbs just 2.4 percentage points to 2.9pc, new research has warned. If such large numbers were drawn into “debt peril” the consequences would be “
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Lending rules, rain put damper on housing sales

July 10, 2013 under Useful Articles
July 9, 2013 – 6:41pm REMO ZACCAGNA BUSINESS REPORTER Halifax market slow, price increases modest   Housing prices in Halifax showed modest increases in the second quarter, but sales remained slow, a new survey indicates. In the Royal LePage report, released Tuesday, detached bungalows increased by one per cent to $288,667 in the second quarter, while standard two-storey homes jumped five per c
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Alternatives to foreclosure

July 9, 2013 under Useful Articles
July 6, 2013 – 12:00am VANESSA ROMAN | PROPERTY PROSPECTIVES Foreclosure is a scary word, and it should be. It signifies the loss of control of your home or business, despite your best efforts and regardless of the consequences to you or your family. There are variations of how a foreclosure happens, but generally it is when your bank or lender gets a court order to take the property away from you for lack o
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First-time home buyers undeterred by mortgage rules, rates

Garry Marr | 13/07/08 | Last Updated: 13/07/09 7:04 AM ET About two-thirds of first-time buyers say they’ll purchase a home as planned and are unaffected by new mortgage rules brought in by Ottawa a year ago, says a new survey. The findings come as the banks continue to increase long-term interest rates in the face of rising bond yields but refuse to bump up the posted rate for a five-year, fixed rate closed mort
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