Canadian Interest Rate Forecast

After bursting out of the gates earlier this year, the economy is hobbling to the 2010 finish line.  With inflation well-contained, interest rate expectations are down acro

RBC: Housing Affordability Won’t Spark Crash
Low rates have underpinned Canadian home prices for several quarters. It makes you wonder what will happen when mortgage rates normalize. RBC economist, Robert Hogue, wondered the same thing, so h

HST Hits The Family Budget
on July 1st, , taxpayers began to feel the pinch as 13% Harmonized Sales Tax (a combination of the 5% GST and 8% PST) came into effect. Ontarians now pay 8% more for a wide range of goods and services

Home Resale Prices Up 13.6% Over Year

Canadian home resale prices in six cities were up 13.6 per cent in May compared to a year earlier, according to a report issued Wednesday. The Teranet-National Bank National Composite House Price I

HST? - How It Affects 12 Matters In Ontario
HST? - How It Affects 12 Matters In Ontario Real Estate Beginning July 1, 2010, there will be sales tax in Ontario of 5% + 8% = 13% (12% in British Columbia) replacing the former 5% GST (Goods

Cost Of Home Ownership Rising, RBC Says
The cost of owning your own home has risen for the third straight quarter, with houses becoming less affordable in all provinces except Alberta, according to a report by RBC. The bank said it expec

12% Worried About Missing A Mortgage Payment: TNS Survey
Toronto, May 5 2010 – As the Canadian economy begins to show signs of growth, results of TNS Canadian Facts’ economic tracking survey, TNS Vibe, indicate that intentions to purchase a house or condo h

Higher Interest Rates Could Be Coming Sooner, Says Bank Of Canada Governor
OTTAWA - Canadians could be facing higher interest rates sooner than previously thought as a result of stubborn inflation and stronger economic growth, Bank of Canada Mark Carney said Wednesday. C

Home Reno Tax Credit Boosts Retailers
A last minute rush to qualify for the Home Renovation Tax Credit pushed retail sales up 0.7% in January, according to government data released Friday. Home improvement stores were the largest contr

Housing Trust Borrowing Costs Decline At Sale: Canada Credit
March 18 (Bloomberg) -- Canada Housing Trust, the financing arm of the nation’s housing agency, sold C$6 billion ($5.9 billion) in mortgage bonds at the lowest relative yields since before the credit

Buyers' Market Returns As Building Heats Up

Canadian housing construction will ramp up in 2010, taking some steam out of existing home sales and signaling the return of a buyers' market, the Canadian Housing and Mortgage Corp said Monday. Ne