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Canada real estate appreciation fuelled by expectations

Canada’s housing sector has been considered as among the most desired real estate in the world today, as reflected in the pricing and bidding wars in the country’s hottest markets. An analyst pointed out, however, that one shouldn’t expect this state of affairs to be sustainable in the long ru...

How to exit the housing market without exiting your house

Let’s say you’re looking to get out of the housing market and pocket your wealth. One option is obviously to sell, but then you have to either buy another place or rent. What if you could just lease back your own property? It’s an unfamiliar concept in the residential housing market but a fair...

Is 2016 The best time to buy a home?

Purchasing a home is the ultimate dream for every family. Buying a home for the first time or even for the second or third time is always a challenging task for any potential homeowner. For one, the range of choices could present a tempting array which can make you decide on the spot especially when...

Interest rate shouldn’t be seen as main tool for financial stability: Central bank

by Andy Blatchford The Bank of Canada’s benchmark interest rate needs help in shoring up the financial system from growing risks like rising consumer indebtedness, deputy governor Timothy Lane said in a speech Monday. Increased government spending, also known as fiscal stimulus, and regulatory...

Montreal corruption trial delayed as judge works through defence motions

A long-awaited fraud trial connected to a controversial land deal in Montreal that helped spark years of investigations into corruption in Quebec’s construction industry will be delayed a little while longer. The case stems from 2007 when Montreal sold a large plot of land in the city’s ...

Anti poverty activists ask Liberals for $3.2B in budget for affordable housing

The pre-budget ask from seven groups is aimed at helping the 235,000 Canadians who experience homelessness every year, and social housing providers who are beginning to see the end of federal funding agreements signed decades ago with no new capital funding in sight. Affordable housing groups from O...

Lender addresses broker fear that it is exiting the channel

Meridian Credit Union has replied to a broker concern that it is planning on pulling out of the channel. “Given the economics and the limited timing of this offering, we chose to have it offered in branch only,” Wade Stayzer, vice president of sales and service at Meridian, told MortgageBrokerNe...

Criminal charges tar all brokers with same brush

“After the story first aired our phones went quiet but after 7-10 days it came back to normal and I think will further grow,” says Graeme Moss, principal broker at Fair Mortgage Solutions in Hamilton, Ont. “What is fair to say is that from coast to coast, I have never heard of the issues we [&...

World of pain: Why investors need to know how macro-economic events affect the Canadian market

Investors did not have an easy time of it in 2015. From oil’s price slump despite rising and omnipresent tensions in the Middle East and Russia’s invasion of Ukraine to a possible exit by Greece from the eurozone and technical recessions in Canada and Japan, stock and bond markets rode wave afte...

CMHC cites significant problems in Calgary

Calgary might have been experiencing a robust housing market in the past few months, but a recent assessment conducted by the Canada Mortgage and Housing Corporation (CMHC) noted that the city’s apparent vitality is rooted on a weak foundation. The latest CMHC report released on Wednesday (January...

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