5 reasons why the housing market won’t crash
By Larry MacDonald | Canadian Business Online
The media and blogosphere is full of predictions that the housing market in Canada is going to crash. My hunch is that it won't. It could level off or stagnate for a while, but Canadians aren't going to wake up one morning a year or two from now and discover their ...
Posted by Todd Fryer
on February 8, 2012
Energy efficiency worth the effort
By Helen Morris, Nest Egg
As temperatures head down to their seasonal norm, we’re turning up the heat at home. That means higher bills, but having an energy-efficient home can keep heating costs under control.
EnerQuality designs and operates five “green” building standards for the construction industry in Ontario. ...
Posted by Todd Fryer
on January 14, 2012
Should I Wait Until Spring to List My Home?
by Simon Gianini As we roll through the holidays and into winter, many would-be sellers will be holding off on listing their home, waiting for the spring “selling season” to put their home on the market. But if you’re ready to sell your home now, is waiting until spring the best strategy? Not according to the data, ...
Posted by Todd Fryer
on December 26, 2011
Interest rates low until 2013
He gave no indication, however, whether his next move might be to actually reduce the trendsetting overnight rate from the current one per cent, as at least two major economists have urged.
In a speech to a business audience in Montreal, the central banker made clear that he sees recent indicators that the Canadian economy rebounded strongly in the ...
Posted by Todd Fryer
on November 29, 2011
11 money-saving winterizing things to do now
Outdoor maintenance took a backseat to summer pleasure at my house. But with fall officially here, it’s time to clean up my act and the exterior of the house before winter sets in. According to the Canada Mortgage and Housing Corporation (CMHC), fall can be the most gruelling season for your home, and I would add, the owners. Thousands ...
Posted by Todd Fryer
on November 13, 2011
Variable Rate vs. Fixed Rate: Which Way to Go? .
You can’t read a paper these days without crossing paths with dramatic headlines about economic distress, extreme volatility in the equity markets, and a general feeling of financial malaise brewing in various pockets of the globe.
Even the most casual observer can string together with some ease, the relationship between cause and effect, ...
Posted by Todd Fryer
on November 13, 2011
Where are Canadian interest rates heading?
Date Posted: October 3, 2011
Rob McLister, editor of Canadian Mortgage Trends
One could wax on about how grim the United States (US) economy is, but Mark Carney put it succinctly:
“The (U.S.) housing market remains a mess, the consumer is weak, and government actions can be expected to reduce growth…The U.S. economy is close to ...
Posted by Todd Fryer
on October 5, 2011
Housing crash not in the cards, CMHC signals
OTTAWA — A much anticipated correction in the Canadian housing market is not in the cards, according to a report by the Canada Mortgage and Housing Corp.
In its third-quarter market outlook, the national housing agency forecasts the market will ease slightly but “remain steady”this year and next.
“Housing ...
Posted by Todd Fryer
on August 30, 2011
Market chaos could help housing sector
By Tony Wong
The upside in a global stock market rout may ironically be a healthier housing market – at least in the short term, say economists.
“The housing market has nine lives. Every time interest rates are supposed to go down, something happens and it helps to keep the market going,” said Benjamin Tal, senior economist at CIBC ...
Posted by Todd Fryer
on August 17, 2011
Mortgage rates could fall on market slump
Date Posted: August 10, 2011
Globe and Mail Update
Canadian fixed-term mortgage rates could fall to even more affordable levels after roiling financial markets pushed the yield on five-year government bonds to record lows on Tuesday.
As investors fled equities in recent days, money poured into the haven of Canadian government bonds, pushing prices up ...
Posted by Todd Fryer
on August 11, 2011