How real is the fear that real estate values in Canada will face downward pressures in the
coming decades due to an aging population? Does the falling number of first time buyers
and the downsizing and increased liquidations of houses by seniors mean an inevitable
decline in house prices...
Source: CIBC World Markets by Benjamin Tal on April 18, 2007
Mortgage News & Articles
Bush calls for $145 billion economy plan
WASHINGTON (AP) - President Bush embraced as much as $150 billion in tax relief on
Friday to jump start the lackluster economy. If Congress passes an economic stimulus
package, the country will be "just fine," he said.
Source: The Associated Press on January 18, 2008
Bank of Canada trims its key rate, flags more cuts as economy sinks
Ottawa-The Bank of Canada Tuesday cut its key interest rate by a small quarter of a
percentage point, attempting to give the Canadian economy a boost in the face of
what the central bank has labeled a global recession.
Source: Globe and Mail Update on Tuesday, October 21 2008
Choosing the Right Mortgage
Traditionally, the most important consideration in choosing a fixed or variable
mortgage has been which strategy would save the most money.
But that might no longer be the case...
Source: Ray Turchansky, Canwest News Service on March 30, 2009
Record home sales capping 2009 due to supply and demand, not
TORONTO - Record home sales last month are based on low supply and high
demand and are more likely to drop off this year than inflate a housing bubble
that could threaten a fragile recovery, economists say....
Source: Sunny Freeman, The Canadian Press on Jan 20, 2010
Restraining the dollar and interest rates to keep the recovery on
Financial markets tend to get edgy sitting still, but Bank of Canada Governor
Carney is a man in no hurry to act. Drawing a parallel with Australia, where a rate
hike came earlier than expected, investors had been pushing up ...
Source: Benjamin Tal Economic Buzz - Winter 2010 on Feb 08, 2010
CREA forecasts record home market this year
Canadian real estate sales and prices are poised to set records this year,
according to a new forecast that is bound to reignite calls in some quarters for
tighter lending rules...
Source: Garry Marr, Financial Post on Feb 08, 2010
Copyright © 2006 SmartyMortgage.com
U.S. housing market headed for double-dip decline, CIBC says
U.S. housing prices are headed for a double-dip decline that will hurt related
equities which have already priced in a recovery in the sector, CIBC warns. "Many
companies will be affected," said Benjamin Tal...
Source: John Morrissy, Financial Post on Feb 03, 2010
Weekly Market Insight
North American & International Economic Highlights
Source: CIBC weekly market report on Feb 26, 2010
Variable rate may no longer win
Not that there are a lot of people buying houses these days, but the answer to
the age-old question of whether to go long or short on your mortgage is unclear
by Garry Marr, Financial Post, Tuesday, Jul 27, 2010
Canadians' net worth is improving
Canada's housing market is losing momentum, with supply estimated to have
risen by 3% in the second quarter and demand falling by close to 9%.
by Benjamin Tal, Senior Economist, CIBC World Markets
Canada won’t fall victim to foreclosure wave: Report
Canada’s housing market is expected to cool off this year and next, but isn’t at
risk of falling victim to a U.S.-style foreclosure crisis anytime soon, according to
a new report by debt-rating firm DBRS Ltd.
by John Shmuel, Financial Post · Friday, May 28, 2010
Interest rates - rising but still historically low
According to Benjamin Tal, Senior Economist at CIBC World Markets, the Bank of
Canada is unlikely to raise rates much while the US federal funds rate stays near
zero. Doing so could result in premature slowing of our economy and an even
higher Canadian dollar.
Source: Bank of Canada
Bank Of Canada Hikes Another 1/4 Point
It could have gone either way but Mark Carney and co. felt Canada’s economy
was hot enough to warrant another tightening. The Bank of Canada has
therefore raised its overnight rate target to 1%...
Source: canadianmortgagetrends.com on Sep 08, 10
by Canadian City Post 都市报 (Sep 17, 2010)
Increase in variable rate mortgage
The secret to the sudden increase in variable rate mortgages.
Why could i get Prime minus .90 last week and toda is it Prime minus .25?
Source: MBABC, September 22nd, 2011
Know Your Mortgage - Collateral Mortgage Charges
Source: Smartymortgage, published on April, 17 2015
Many people aren't sure of the key differences between a regular and collateral
mortgage charge. Recently a large Canadian bank received some negative attention
regarding collateral mortgage charges.