Copyright © 2006 SmartyMortgage.com
U.S. housing woes get stuck at border
- Source: Global and Mail on Friday, August 17, 2007
Canada's strong economy and dearth of high-risk mortgage lending should help
the real estate sector withstand the volatility that's been buffeting the equity
- Source: Bank of Canada on Wednesday, September 05, 2007
OTTAWA - The Bank of Canada today announced that it is maintaining its target
for the overnight rate at 4 1/2 per cent. The operating band for the overnight rate
Real estate affordability to improve, experts say National Post
- National Post on Tuesday, Feb 12 2008
Housing affordability is likely to improve this year as house-price growth eases and
falling interest rates make mortgages cheaper, economists say.
Michael Gregory, senior economist at BMO Capital Markets, said housing
affordability was becoming an increasingly important issue in some Canadian
Quick Flash: Feb Cuts rates by 75bps to 2.25%
- Federal Reserve press release on Tuesday, March 18, 2008
The Federal Open Market Committee decided today to lower its target for the
federal funds rate 75 basis points to 2-1/4 percent.
Bank of Canada Slashes interest rates
- Globe and Mail update on Tuesday, March 04 2008
OTTAWA — The Bank of Canada dropped its key lending rate by half a percentage
point, and indicated that further cuts will be needed to insulate Canada from the
effects of a U.S. economy that teeters on the brink of recession.
Ups and downs of today's housing costs
- The Toronto Star on Saturday, June 14, 2008
Your chances of getting richer on home prices took another blow this week. Demand
for resale homes was already falling as prices became less and less affordable.
Then Bank of Canada governor Mark Carney Shocked markets by putting off any
further interest-rate cuts.
Rising real estate fraud makes title insurance essential
- The Vancouver Sun on Wednesday, June 25, 2008
It's hard to imagine someone stealing your home. How would the thief load it into
the getaway van? It's easier than you might think -- so easy, in fact, that the
number of cases is climbing.
Housing industry shy on new rules
Source: Financial Post -by David Pett, Tuesday, September 27, 2011
With Canadian interest rates now on hold for some time to come, the government
may move to tighten mortgage rules again to keep...
Low rates could spur mortgage rule changes
Source: Garry Marr at Financial Post, December 15, 2011
It was just another set of numbers but the housing industry says the latest figures
from the Canadian Real Estate Association are further proof the sector does not need
any more regulation.
Speedy economic recovery has Carney hinting of a rate rise
Source: Jeremy Torobin on Globe and Mail on Tuesday, April 17, 2012
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
CMHC moves to take steam out of housing market
Source: TARA PERKINS, The Globe and Mail published on Aug. 06 2013
Ottawa is taking new steps to cool the country’s housing market.
Canada Mortgage and Housing Corp. is limiting guarantees it offers banks and other
lenders on mortgage-backed securities. The measure comes amid the federal
government’s efforts to protect taxpayers from financial risks in the housing sector,
further cool lending and add upward pressure to mortgage rates.