Finding the right home, with or without Mr. Right

ANGELA SELF | Columnist profile Globe and Mail Update I have a single friend sitting on the fence between buying and renting. She’s financially ready to make the leap into homeownership, but hesitant about doing it solo in case she meets someone soon. Waiting for Mr. Right can derail a number of women’s homeownership plans, according to […]

Speedy economic recovery has Carney hinting of a rate rise

JEREMY TOROBIN OTTAWA— From Wednesday’s Globe and Mail Canada’s recovery is picking up faster than expected, forcing Mark Carney to set the stage for higher interest rates sooner than many overstretched consumers were bargaining for. The Bank of Canada Governor hinted at an earlier-than-anticipated rate increase as he boosted his outlook for the economy Tuesday and, […]

What Canadians need to know about buying U.S. real estate

The financial crisis that began in 2007 with the breakdown of the U.S. residential mortgage market still persists for millions of Americans who have lost their houses, their jobs and all hope of a secure retirement. As a result, residential real estate prices in the hardest-hit areas such as California, Arizona, Nevada and Florida are […]

Bank of Canada not seen hiking rates until Q2 2013: Reuters poll

By Jon Cook TORONTO (Reuters) – Sluggish domestic growth and uncertainty about the global economy will likely keep the Bank of Canada from raising rates until the second quarter of 2013, according to a Reuters survey. The Reuters poll of 42 economists and strategists released on Wednesday showed the median forecast for the next interest rate […]

No housing crash for Canada: BMO

Canada will likely avoid a crash or serious correction in its “somewhat pricey” housing market, with the possible exception of Vancouver, says a new paper from Bank of Montreal. The analysis by BMO economists suggests alarms about Canada’s housing market by international observers, from the International Monetary Fund to The Economist magazine, are exaggerated or […]

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 […]

Nearly three-quarters (72%) of Canadians with a mortgage hope to be mortgage-free by the time they reach age 65,

Nearly three-quarters (72%) of Canadians with a mortgage hope to be mortgage-free by the time they reach age 65, but one-third (33%) of older Canadians (those over the age of 55) have 16 or more years left on their mortgage term, according to the latest RBC Housing Snapshot poll.

The Unlikely Retirement Savings Strategy

One of the best risk-adjusted investments you can make requires no commissions, no buying and selling and no management fees. According to a new studyfrom the Certified General Accountants Association of Canada (CGAAC), the boring old mortgage prepaymentperforms better than most common retirement savings vehicles, including RRSPs. “…Single individuals and couples with no dependents may be better […]

Searching for a home

By: Wayne Karl   November 4, 2011 – Ever notice how many developers boast their new community is “just minutes from shopping, schools and all the amenities!”? And that “Everything you need is right at your doorstep”? This is not just marketing gimmickry at work. These factors really matter, as such attractions are critical in determining a […]

Is it time to lock into a fixed-rate mortgage?

It’s one of the most agonizing decisions homeowners make: Do you go fixed or variable? Mortgage, that is. The decision could end up costing – or saving – big bucks on what is often the single biggest purchase many will make. Research shows that, in the past, a variable-rate mortgage has been cheaper than a […]

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