Tag Archives: economy

How to Clean Blinds

No matter what kind of blinds you have—wooden, fabric and vertical are the three basic types—these tips will make their cleaning and maintenance easy: 1. Vacuum blinds often with the brush attachment. Vacuum across the slats, not up and down. 2. Use a lamb’s-wool duster, again working across the slats and starting at the top. [...]

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More Canadians confident about their finances

The Harris-Decima poll conducted for CIBC found that 70 per cent of those surveyed were feeling positive about their current financial situation – up six percentage points from a similar survey conducted in late 2011. People who were 65 and older formed the most confident age group, at 73 per cent feeling positive about their [...]

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Alberta Resale Housing Market Forecast to lead the country again in 2013

CALGARY — Alberta will lead the country this year and in 2013 in the pace of growth in the resale housing market, according to a new forecast by the Canadian Real Estate Association. The national association of realtors said Monday that Alberta MLS sales this year will finish up 13.1 per cent from last year [...]

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Canadians need not fear a U.S.-style real estate meltdown

Two well-known economists suggest the angst about Canadian consumer debt is overdone. And, one says in a new report, Canadians need not fear a U.S.-style real estate meltdown. The comments by deputy chief economist Benjamin Tal of Canadian Imperial Bank of Commerce and chief economist David Rosenberg of Gluskin Sheff + Associates come amid repeated [...]

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How to avoid home buyers’ regret

With Canadians entering the housing market in greater numbers than ever before, it wouldn’t be surprising to find that many suffer buyers’ regrets. A recent survey commissioned by TD Canada Trust found the two biggest regrets — reported by 60 per cent of the 1,002 respondents — have to do with finances; not making a [...]

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New mortgage rules will cool housing for now, but higher rates still needed: TD

By Julian Beltrame, The Canadian Press September 6, 2012 OTTAWA – TD Bank says tighter mortgage rules should do the job of cooling Canada’s hot housing market in the short term, but higher interest rates will be needed to return the market to saner levels. The bank’s chief economist Craig Alexander estimates the new rules, [...]

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Canadian real estate sector to benefit from low interest rates, outlook: DBRS

By The Canadian Press TORONTO – Canada’s real estate sector could benefit from the country’s low interest rates and an improvement in economic growth, particularly in Western Canada, according to a report released Wednesday. Credit ratings agency DBRS said that an assessment of the real estate sector shows it’s stable, while credit metrics are reasonable, [...]

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Mortgage rules change today, but about half Canadians don’t know it

TORONTO — New mortgage rules have gone into effect on July 9 in Canada but a recent survey suggests many people are unfamiliar with the changes. As of July 9, lenders can only issue home equity loans up to a maximum of 80% of a property’s value — down from 85%. The maximum amortization period [...]

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Canada’s housing market stronger than forecast

TORONTO — The Canadian Real Estate Association said Friday that the national home price and sales activity this year will be higher than previously forecast, following a strong spring. It now forecasts 475,800 homes will be sold in 2012, up 3.8% from 2011, compared with earlier expectations of a gain of 0.3%. The average home [...]

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Housing starts rose in April, mainly due to more apartments, condos: CMHC Read it on Global News: Global News | Housing starts rose in April, mainly due to more apartments, condos: CMHC

TORONTO – The pace of housing starts unexpectedly surged in April, mainly due to an increase in construction on urban apartments and condos, areas of the housing market that some analysts fear are already too hot. Canada Mortgage and Housing Corporation said Tuesday that housing starts rose 14 per cent to 244,900 units on a [...]

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