Why there’s no reason to panic about rising rates

August 29, 2013 under Useful Articles
Garry Marr | 13/08/26 | Last Updated: 13/08/26 5:42 PM ET There is a simple answer to all this hysteria about mortgage rates going up. Don’t lock in your rate. I know it’s almost heresy to have a floating rate in a mortgage world dictated by Finance Minister Jim Flaherty, who thinks nothing about calling up the banks and telling them their rates are too low. But the reality is that a variable rate mortgage
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Canadians’ homes are getting less affordable, but we still keep buying

August 29, 2013 under Home Buyer Resources, Useful Articles
Julian Beltrame, Canadian Press | 13/08/27 | Last Updated: 13/08/27 7:36 AM ET OTTAWA — Home ownership has become less affordable for the average Canadian, but that hasn’t stopped many from jumping into what may already be an overpriced market, suggests a new report from the Royal Bank. Royal Bank says its housing affordability index reversed course in the second quarter of this year in two of the three cat
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Mortgage rate hikes put the squeeze on Metro Vancouver homebuyers

August 23, 2013 under Useful Articles
By Jessica Barrett, Vancouver Sun August 22, 2013 Those looking to gain a foothold in Metro Vancouver’s already pricey housing market are facing another hurdle as key financial institutions across the country move to hike mortgage rates. On Thursday, five-year fixed mortgage rates edged near the four-per-cent range at many financial institutions after hovering near the three-per-cent mark for months. RBC posted
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Canadian bank stocks could return 8-19% over next year: RBC

August 23, 2013 under Useful Articles
John Shmuel | 13/08/19 | Last Updated: 13/08/19 5:28 PM ET Canadian bank stocks got a big bull call Monday, just as they’re set to begin reporting second quarter earnings next week. A team of analysts at RBC Capital Markets said they forecast bank stocks will gain anywhere from 8-19% over the next year, building on what has been an already impressive climb for 2013. The banking segment of the S&P/TSX Comp
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Getting ready to turn a new financial leaf

August 23, 2013 under Useful Articles
Melissa Leong | 13/08/17 | Last Updated: 13/08/19 1:50 PM ET When Scott Plaskett sits down with his clients in September, he begins with a simple: “What’s new?” Usually, a lot. After Labour Day, people have stories, the certified financial planner says. These stories lead to financial conversations. “January 1 isn’t really the beginning of the year for most families. It tends to be Labour Day because
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Realtors: Market still stable

August 23, 2013 under Home Buyer Resources, Useful Articles
August 15, 2013 – 6:48pm REMO ZACCAGNA BUSINESS REPORTER Housing sales in Nova Scotia dropped considerably this spring, but the head of the provincial real estate organization isn’t sounding the alarm. According to data from the Nova Scotia Association of Realtors multiple listings service, housing sales declined 12.4 per cent from May to July when compared with the same 2012 period. Listings are up 2.9 pe
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Strong home sales in Vancouver, Toronto suggest market stabilizing

August 21, 2013 under Useful Articles
Julian Beltrame, Canadian Press | 13/08/15 | Last Updated: 13/08/15 12:40 PM ET OTTAWA — Homes were selling at a brisk pace in Vancouver and Toronto last month, while the national average price continued to rise, suggesting Canada’s real estate industry has returned to “average levels” after a decline that began last summer. The Canadian Real Estate Association’s report on activity for July showed res
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Canadian home prices hit all-time high in July

August 21, 2013 under Useful Articles
Andrea Hopkins, Reuters | 13/08/14 | Last Updated: 13/08/14 11:47 AM ET Canadian home prices rose in July from June to an all-time high, but the modest monthly gain suggests the robust housing market may be cooling again, according to data from the Teranet-National Bank Composite House Price Index on Wednesday. The index, which measures price changes for repeat sales of single-family homes, showed overall price
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German economy returns to growth after slump

August 21, 2013 under Useful Articles
Published: 14 Aug 2013 09:25 CET | The Local Europe GmbH, Schwedter Strasse 227, 10435 Berlin, Germany Europe’s biggest economy grew by 0.7 percent from April to June – its fastest growth for more than a year – beating forecasters’ predictions, after the country’s gross domestic product (GDP) had stagnated in the first three months of the year. Germany’s economy only narrowly avoided a recession
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Housing market beats inflation with house price growth ‘to hit 7pc’

August 21, 2013 under Useful Articles
By Emma Rowley - 10:46AM BST 13 Aug 2013 House prices rose 0.4pc in June compared to the previous month, pushing the increase on a year earlier to 3.1pc, up from 2.9pc in May,according to the Office for National Statistics (ONS). That meant that for a third month in a row the pace of price increases has outstripped headline price inflation across the economy, which came in at 2.9pc in June. As a result, house
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