Updated: Tue Mar. 30 2010 7:10:13 PM CTV.ca News Staff Two more of Canada's big banks have raised their mortgage rates, with industry watchers saying this is likely just the beginning of a cycle of rate hikes that could see the cost of financing a home rise by 1.5 per cent within the next year. [...]
Tara Perkins Toronto — Globe and Mail Update and The Canadian Press Published on Monday, Mar. 29, 2010 9:03AM EDT Last updated on Monday, Mar. 29, 2010 4:45PM EDT Three of Canada's largest banks are raising rates on some fixed-rate mortgages, a reminder that mortgage rates can go up before the central bank's key interest [...]
H&R Block's tax-season marketing campaign is in full gear, and it's loaded its website full of interesting - and helpful - tax advice. Below is the company's recommendations for small business owners: - Do you work out of your home? If it is your principal place of business or you use it regularly and exclusively [...]
Canadians don't have any intention of curbing their home purchasing habits over the next two years, according to a recent study. The 17th annual RBC Homeownership Study revealed that 10% of Canadians say they're 'very likely' to purchase a home in the next two years - an increase from 7% two years ago. Canadians aged [...]
Canadians will be more active in their interest in property over the next years, especially first time buyers, according to a new survey. About one in four Canadians in a survey done by the Royal Bank plan to buy a home over the next two years, some 27 per cent. That rate is up four [...]
Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010 OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is [...]
Before you rush to make that last-minute RRSP contribution in time for the March 1 deadline, you might want to glance at this recent report by the CD Howe Institute. According to the report, most Canadians may benefit more from investing in a Tax-Free Savings Account (TFSA) rather than a Registered Retirement Savings Plan (RRSP). [...]
For the most part, it seems people are happy with the new mortgage rules that the Federal government announced last week – primarily because they give the impression of protecting homeowners, without really impacting the average homeowner at all. After all, they're less intrusive than increasing the minimum down payment or decreasing the maximum amortization [...]
Following a report in Saturday's Globe and Mail that banking officials have called for tighter mortgage rules to stave off a housing collapse, Finance Minister Jim Flaherty told reporters he does not see signs of a housing bubble in Canada. According to the paper, Flaherty made the comments following the weekend's finance summit. Although he [...]
Bank of Canada governor Mark Carney said Canada is not experiencing a housing bubble and he doesn't see the need for structural changes to the country's mortgage market, according to a report in Reuters. "The Canadian mortgage market has functioned I think exceptionally well during the course of the last decade ... we've seen the [...]