Don Cherry TV Commercial

A third of Canadians curbing holiday spending: RBC Survey

TORONTO, November 10, 2010 — With the holiday season nearing, Canadians are planning to temper their spending with almost one-third (31 per cent) saying they will spend less on holiday expenses this year, according to a recent RBC survey. Furthermore, more than half (55 per cent) plan to keep their holiday spending flat and almost […]

Generation spend

Today’s youth are set to become bigger consumers than the boomers by Erica Alini on Monday, November 8, 2010 Jemal Countess/ Spencer Platt/Getty Images “If I want something I want it, no matter what,” says Kezia, one of the protagonists of a new Slice TV series Princess, where Til Debt Do Us Part host Gail […]

National resale housing activity improves in October

OTTAWA – November 15th, 2010 – National resale housing activity rose for the third consecutive month in October 2010, according to statistics released by The Canadian Real Estate Association (CREA). Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards climbed 4.6 per cent in October 2010. […]

TD, RBC raise mortgage rates

By Madhavi Acharya-Tom Yew If worries about the sickly U.S. economy and Ireland’s rocky financial situation seemed remote a few days ago, they shouldn’t anymore. Those global concerns are pushing up Canadians’ borrowing costs when it comes to buying a home. TD Canada Trust and the Royal Bank of Canada said separately that they are […]

Canadian mortgage debt tops $1-trillion for first time

Canadian mortgage debt tops $1-trillion for first time By STEVE LADURANTAYE Globe and Mail Amount owed by homeowners climbs 7.6 per cent in one year The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low […]

Claims that Canada’s housing market is ready to pop are exaggerated, say economists at BMO Nesbitt Burns.

Claims that Canada’s housing market is ready to pop are exaggerated, say economists at BMO Nesbitt Burns. Instead, they say the market can more realistically be labelled “moderately overvalued” based upon a comparison of house prices with personal income. They also note that mortgage servicing costs for “typical” homebuyers are running near the long-term norm […]

Homeowners unfazed by long amortization

Homeowners unfazed by long amortization ‘People will always decide what’s easiest for them’ By Garry Marr, Financial Post November 10, 2010 Canadians plan to take longer to pay off their mortgages but they don’t expect it to affect their retirement plans. Something just doesn’t add up. A new study from the Canadian Association of Accredited […]

CAAMP’s Mortgage Market Report – 2010

CAAMP’s Mortgage Market Report – 2010 CAAMP puts out stat-packed reports on the mortgage industry every six months or so. Its latest Annual State of the Residential Mortgage Market report has some of the best mortgage data yet. This year, a handful of trends stood out including greater rate discounting, increased popularity of 5-year terms, […]

Carney backs Fed on massive bond buyin

Carney backs Fed on massive bond buying By JEREMY TOROBIN Globe and Mail Bank of Canada chief one of few to support $600-billion injection as China and Germany voice concerns before G20 meeting Bank of Canada Governor Mark Carney has publicly backed the U.S. Federal Reserve’s latest move to stimulate the U.S. economy, despite a […]

Next Page »