Share Homeownership costs have increased slightly in Canada across all housing segments in the closing months of 2009, according to the latest housing report released today by RBC Economics. RBC Housing Affordability measure captures the proportion of pre-tax household income that is needed to service the costs of owning a home. In the 4th month [...]
Share Housing starts rebounded in the second half of 2009, and it is expected to strengthen in 2010 according to Canada Mortgage and Housing Corporation’s (CMHC) first quarter Housing Market Outlook, Canada Edition. In 2009, there was a total of 149,081 units, housing starts are expected to be in the range of 152,000 to 189,300 [...]
Share A new forecast from RBC Economics says that Canada’s economy is set for real Gross Domestic Product (GDP) growth of 3.1% this year and 3.9% in 2011. RBC has noted that a peak in stimulus investment, improved credit markets and a recovery in consumer spending are pushing the increase of GDP growth. Craig Wright, [...]
Share When purchasing a home, you can find yourself in one of the most stressful periods of your life. To help ease the stress of purchasing a home, I have a few tips you may want to consider following. 1. Lock in Mortgage Rate When you apply for a mortgage, you will be able to [...]
Share Canadians are almost certain to be enjoying the historically low interest rates for at least another 4 months now that the Bank of Canada has missed the opportunity to have a policy change today. The central bank acknowledged during its scheduled policy rate announcement that the economy has improved, even to the point that [...]
Share The Canadian Real Estate Board (CREB) was about to propose key rule changes at its March annual general meeting, which they hoped would be able to satisfy the Competition Bureau and avoid any meetings with the Competition Tribunal. One of the big changes included the deletion of a controversial rule which has said that [...]
Share City of Moose Jaw administration is recommending that the city of Moose Jaw invest approximately $27,000 into the boulevard tree program this year. The only problem is that parks and recreation director Jody Hauta said that this is a cost that the city of Moose Jaw should not be expecting to pay in future [...]
