Home prices keep climbing, though gains are slowing

OTTAWA — A monthly measure of Canadian home prices showed that year-to-year gains continued in January, albeit at a slower pace than in December. The Teranet-National Bank house price index was up 6.5% from a year earlier. That was down from 6.8% in December. While the index showed some slowdown in the rise of prices, […]

Mark Carney: The man who speaks the truth

In this age of spin, rare are the voices that speak with candour. Certainly, the federal government’s vast apparatus can’t be counted on to speak the truth, not with the Harper party’s partisan manipulation of every utterance. Nor can anyone count on the opposition parties, whose game it is to embarrass the government. In the […]

Ottawa urged to invest in energy mega-project

The Canadian Imperial Bank of Commerce is urging the federal government to fast-track energy mega-projects to provide a much-needed boost to job creation in a sluggish economy. Canada’s potential for energy development would allow governments to forego deficit-financed stimulus spending that would drive the federal and provincial governments deeper into debt, CIBC vice-chairman Jim Prentice […]

Canadian home prices rise to new record

Financial Post Staff  Sep 28, 2011 – 10:10 AM ET | Last Updated: Sep 28, 2011 10:48 AM ET OTTAWA — Resale home prices in Canada rose in July for the eighth consecutive month to a new record high, according to the Teranet-National Bank Composite House Price Index. The index, which tracks price changes for repeat sales of […]

New rules would hit condo buyer

The federal government’s efforts to get tough on borrowing are now focused on the condominium sector, with new rules in the works to make it more difficult to qualify for a loan on a high-rise apartment, the National Post has learned. Sources say rules now being discussed would add 100% of condominium fees to the […]

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