Bank of Canada, benchmark interest rate, economic growth, bonds, unemployment, surge in job
Share
If you were planning on using the government’s Home Renovation Tax Credit, you’ve unfortunately missed your chance: the program ended at the beginning of February. However, now that is over, we are starting to get an idea of how it affected the real estate industry.
A recent report released by the Toronto-Dominion Bank tries to do [...]
Share
Earlier, we reported that the Competition Bureau has brought a case against the Canadian Real Estate Association (CREA). The argument that the Competition Bureau is making is that the CREA’s Multiple Listing Service (MLS) is anti-competitive, because all listings made through a real estate agent must be made through this system. They also argue that [...]
Share
Tax season is upon us, and you are probably checking to make sure you are taking advantage of every tax break you can. Here is a cheat sheet to remind you of all the tax deductions you can use:
1. First Time Home Buyers
If you bought your home last year, and it was your first, [...]
Share
Consumer confidence has increased in Canada vastly compared to last year, however CIBC World Markets Inc.’s new Consumer Capability Index finds that weak consumer fundamentals and an interest rate hike will have Canadians starting to apply a halt on spending.
In late 2008, we saw consumer confidence reach a 15 year low, as measured by the [...]
Share
Bank of Canada Governor Mark Carney has put Canadians on notice that today’s low borrowing costs are likely to increase by midsummer, if not sooner.
Almost a year ago, Carney decided to combat the recession by taking the unusual step of promising to keep the bank’s overnight rate are the record low of 0.25% until the [...]
Share
Canada’s housing boom will continue this spring as we see exceptionally low mortgage rates, and the expectation that borrowing costs will be raised, have added a sense of urgency to consumer buying.
Scotiabank recently releases a global real estate trends report that predicts most Canadian regions will remain sellers’ markets for the first half of the [...]
