Housing Booms North of the Border

Some Economists See Canada’s Market Ripe for a Correction, With Debt Rising to Worrisome Levels BY MONICA GUTSCHI AND DON CURREN TORONTO—As much of the U.S. housing market limps along, home prices north of the border are on a fresh tear, fired up in part by a borrowing binge that has sent Canadians‘ debt to […]

Buying a vacation home: 10 things to know

Buying a vacation home: 10 things to know The first question to ask when buying a vacation property is how you plan to use it. Big gatherings, or quiet getaways?Dick Loek/Toronto Star file photo Real Estate: T.O’s priciest home is $27M Tighter mortgage rules here 2010’s best-read housing stories Be careful when buying U.S. property […]

Majority of Canadians still confident they can service mortgage payments: BMO

  Two in three Canadian homeowners believe they will still be able to service their mortgage payments if interest rates go up, according to a survey by Bank of Montreal (BMO) Financial Group. While some were unsure, another 18% of Canadians said they would not be able to afford higher payments, although the survey didn’t […]

Banks need to improve service to keep customers: Ernst & Young

  Although 75 per cent of Canadians surveyed say their trust in banks has stayed the same or has increased in the past 12 months, almost 64 per cent say they plan to switch banks or have already done so because of service quality issues, says an Ernst & Young report released Monday. “Our survey […]

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