Showing Tag: " housing" (Show all posts)

GG Finance: Oh Canada! Our home & expensive land

Posted by Jackelyn Ford on Friday, June 27, 2014,
Golden Girl Finance | July 15, 2013 

The high cost of being Canadian

The True North may be strong but it isn’t exactly free. At least, not from a household finance perspective.

Last winter, a British economic research group concluded that the cost of living in the UK is 11% higher than the international average and 18% costlier than living in the United States.

No surprise there, right? We have all heard stories or had our own experiences of...

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Financial Post: Bank of Canada can afford to put off rate hike until 2015

Posted by Jackelyn Ford on Thursday, May 8, 2014,
Gordon Isfeld | November 27, 2013

OTTAWA — First, the good news.

Canada’s economy will accelerate in 2014 — clocking in at a pace of 2.25%, easily overtaking this year’s modest growth of nearly half that, according to the world’s largest lending organization.

Homeowners feel the pinch of rising prices, mortgage rates

RBC’s latest research on how much income is needed to maintain ...

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HW: 3 things to know about interest rates in 2014

Posted by Jackelyn Ford on Tuesday, March 4, 2014,
Trey Garrison | January 10, 2014

Interest rates will go up. Or they will stay the same. One of those two things will definitely happen in 2014, economists say, and some lenders and investors may have trouble adjusting to the change.

"We think rates are generally headed up. We have a growing economy both here and aboard,” said Mike Fratantoni, chief economist for the Mortgage Bankers Association (MBA). "We’r...

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BNN: Canadians in top 1% earn 7 times national median

Posted by Jackelyn Ford on Tuesday, March 4, 2014,
Bill Curry | September 11, 2013

Canadians in the top one percent are paid more than $191,000 a year according to the National Household Survey, which takes a closer look at how governments take from the rich and give to the poor.

The make-up of the one percent club is overwhelmingly male, most-likely over the age of 45 and tends to work in management jobs. Canada's top earners are also more likely to m...

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Castanet: What Canadians earn

Posted by Jackelyn Ford on Thursday, November 14, 2013,
The Canadian Press | Sept 11, 2013

Statistics Canada's third and final release of 2011 National Household Survey data illustrates, among other things, how much Canadians have been earning and where they have been living. Some highlights:

  • Fully one-quarter of Canadian households, about 3.3 million, spent 30 per cent or more of their total income on shelter, exceeding the Canada Mortgage and Housing Corporation's "affordability th...

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BNN: Canadian commercial real estate reborn in 2010

Posted by Jackelyn Ford on Tuesday, March 1, 2011,
Steve Ladurantaye, The Globe and Mail | February 14, 2011
The commercial real estate market saw an unprecedented recovery last year, with investment growing 48 percent as the economy improved and investors returned to the market.

Canadian commercial real estate volume reached $18.9 billion in 2010, according to CB Richard Ellis, from $12.7 billion in 2009. That’s close to the pre-recession peak of $19.8 ...

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BNN: Flaherty details new mortgage rules

Posted by Jackelyn Ford on Monday, January 17, 2011,
Bill Curry and Grant Robertson, The Globe and Mail | January 17, 2011

Concern over rising consumer debt levels is prompting Ottawa to make three new changes to Canada's mortgage rules.

Finance Minister Jim Flaherty announced Monday that new federal rules will reduce the maximum amortization period to 30 years from 35 years for government-backed insured mortgages with loan-to-value ratios of more than 80 percent.


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BNN: Experts see more trouble for U.S. real estate

Posted by Jackelyn Ford on Monday, January 17, 2011,
Reuters | October 6, 2010

Commercial real estate is where the action will be next year, restructuring and bankruptcy experts said at the Reuters Restructuring Summit summit on Wednesday.

"I call it a slow-motion train wreck," James Sprayregen, a restructuring partner at law firm Kirkland & Ellis, said in New York. "That's probably where I think you're going to see more action than anything over the n...

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BNN - U.S. home building market recovers

Posted by Jackelyn Ford on Monday, October 4, 2010,
Reuters - September 21, 2010

U.S. housing starts increased more than expected in August to their highest level in four months and permits for future home construction rose, government data showed on Tuesday, suggesting the embattled housing market was starting to stabilize following the end of a tax credit.

The Commerce Department said housing starts rose 10.5 percent, the largest increase since November, to a seasonall...

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BNN - August Home Resales Jump

Posted by Jackelyn Ford on Monday, September 20, 2010,
Reuters - September 15, 2010

Sales of existing homes in Canada in August rose 4.1 percent from July, the first monthly increase since March, the Canadian Real Estate Association said Wednesday.

The industry group said 32,807 homes changed hands in August, with most of the monthly gains concentrated in the two biggest markets, Ontario and British Columbia, a reversal from the previous month. Compared with a year earlier, sales w...

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BNN - New home prices dip slightly

Posted by Jackelyn Ford on Tuesday, September 14, 2010,

Reuters - September 09, 2010
New home prices edged lower in July for the first time in 13 months as a new tax regime took effect and the once-hot housing market continued to cool, according to Statistics Canada data released on Thursday.

The new housing price index slipped 0.1 percent in July, while analysts in a Reuters poll had forecast a 0.1 percent increase. Home prices climbed 0.1 percent in June.

Statscan said the introduction of a new sales tax in July in Ontario and British Columbia...

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Globe&Mail - Housing: Bubble or no bubble?

Posted by Jackelyn Ford on Thursday, September 9, 2010,

Tavia Grant, The Globe and Mail - September 08, 2010
As Canada's housing market softens, the question for many homeowners is how much prices might decline. The Conference Board of Canada waded into the debate Wednesday, saying there will not be a "free fall" in the market but rather a pause in what has been, in recent years, rapid price increases.

The comments come on the same day the Bank of Canada  raised its key lending rate for the third time in a row, though it cautioned that further i...

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About These Articles

Jackelyn Ford These articles have been chosen because they provide a macro view of the financial world. This wide scope of articles can then be applied to aid your own personal financial situation. E.O.E.