Trade and Investment to Support Canada’s Economy In 2013: RBC Economics

Real GDP to increase to 1.9 per cent in 2013 TORONTO, June 19, 2013 — Canada’s economy started 2013 growing at a solid clip, as energy production continued to recover and the U.S. economy proved to be more resilient to a recession than was feared, according to the latestEconomic and Financial Market Outlook issued today by RBC […]

Toronto real estate: Cottage country sales rebound from wet spring

2013 heralded as turnaround point for market that’s been flat since 200 By: Susan Pigg Business Reporter The impact of a soggy spring continues to be felt across Ontario cottage country, where sales — and prices — in many regions are down slightly from last year. Yet 2013 is being heralded as a possible turnaround year for […]

Low interest rate party may be ending – Ask a Vancouver Mortgage Broker

Watch the bond market and QE moves for early warnings that interest rates will start to rise in Canada. By: Gordon Pape Building Wealth, Published on Sun Jun 23 2013 The interest rate party for borrowers is almost over. After almost five years of historically low rates, we’ve started to see some upward movement in the cost of […]

Bank of Canada will raise overnight interest rate in July 2014: BMO economist

By: Alexandra Posadzki The Canadian Press, Published on Wed Jun 19 2013 The Bank of Canada is likely to start raising its benchmark interest rate in July 2014, a full year before the U.S. Federal Reserve, BMO’s chief economist Douglas Porter said Wednesday. Porter predicts the overnight rate will go up by half a percentage point, which could […]

Mortgage rate hikes shouldn’t torpedo the housing market – Ask a Vancouver Mortgage Broker

LARRY MACDONALD- Special to The Globe and Mail Many housing bears think that the recent increase in mortgage rates is the beginning of the end for the Canadian housing market. I’m not convinced; here are some reasons why. Fixed-mortgage rates have gone up because they are tied to bond yields, which have been rising lately. That’s […]

2013 housing sales off to better start than expected – Consult with a Vancouver Mortgage Broker

Canadian Press | 13/06/17 |  Sorry to inform you, but ‘The Great Real Estate Crash of 2011…no…2012…no…2013′ has been postponed OTTAWA — The number of Canadian homes sold so far this year is slightly higher than projected and it looks as if 2014 will show a rebound, according to a new forecast by the Canadian real estate industry’s […]

The case for locking in your mortgage – Consult with a Vancouver Mortgage Broker

ROB CARRICK – The Globe and Mail You can’t go wrong if you respond to this week’s mortgage rate increases by locking in for five or 10 years. But at least consider the alternative: Variable-rate mortgages sound risky in today’s volatile interest rate environment, but they’re actually a quiet corner of the mortgage world right now. We’ve […]

What your parents didn’t teach you about money – Vancouver Mortgage Broker

Let’s face it, Baby Boomers haven’t set the greatest example for those who are just starting out. By Gail Vaz-Oxlade | Online only As I crossed the country earlier this year promoting my latest book, Money Rules, I spoke with thousands of university and college students about what it takes to not make the mistakes their parents made. Let’s […]

Taxpayer-free housing finance change coming to Canada – Ask a Vancouver Mortgage Broker

Finn Poschmann, Special to Financial Post  The Bank of Nova Scotia, a few days ago, received permission from the Securities and Exchange Commission to market to U.S. retail investors what are known as covered bonds. In pursuing SEC approval for market access, Scotia was following a trail blazed by the Royal Bank of Canada; market […]

TD Joins RBC in Raising Fixed Rates – Ask Adil Virani – Vancouver Mortgage Broker

TD Joins RBC in Raising Fixed Rates  By Rob McLister, Editor, CanadianMortgageTrends.com” After cutting advertised rateslast week, TD Canada Trust has followed RBC’s leadin lifting rates back up. Like RBC, TD is raising its advertised: 4-year fixed …by 10 bps to 3.09% 5-year fixed …by 20 bps to 3.29% These changes take effect Tuesday, June 11. And if history is a guide, they’ll likely be matched by […]

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