I mean real big time scandals … Real talk for real estate agents: Stop fighting the land transfer tax By Matt Elliott Metro Last Friday, Mayor Rob Ford paid a visit to the Toronto Real Estate Board. There to rattle off a speech that included his standard budget talking points, the beleaguered mayor received a standing ovation after promising — once […]
Rising Mortgage Rates or Rising Interest Rates ?
What do news headlines below tell us ? Higher bond yields trigger hike in mortgage rates Toronto Star – Jun 21, 2013 The recent increase in mortgage rates by several of Canada’s big banks is likely the start of a slow upward trend, experts say. Scotiabank, the Royal Bank of Canada, and TD Canada Trust raised rates this week on some mortgages for terms ranging from two … Rising […]
CMHC has been feeding a bunch of fat cats called “BANKs” ?
The shadow banking sector has been feasting on government-insured mortgages by Erica Alini The practice of packaging government-insured mortgages into securities has grown “substantially” since 2007 and such investment tools constitute the largest component of the so-called shadow banking sector—i.e. non-bank institutions that perform some bank-like functions—the Bank of Canada said yesterday in a new report. […]
In realty obsessed Canada, even Steeltown becomes Goldtown
Stinson school lofts in Hamilton Bidding wars, soaring house prices hit Hamilton real estate Real estate gains reflect boom in city’s once sagging fortunes SUSAN PIGG/TORONTO STAR HAMILTON—Cathy Thomson always imagined that when she and her husband retired, they would sell their house in Oshawa and move to the big city. They did. The City […]
Canadian mortgage rates are heading higher and higher
Really ? Interest rate never go up, but banks want to charge more and more … while facing no risk whatsoever ? For the record, mortgage risk is underwritten by CMHC ie. your money … and it’s approaching $Trillion now. So, what’s the rationale here ? Canadian mortgage rates on the rise A number of […]
Real estate is Canadians’ new national past time
Canadians are real-estate obsessed, survey suggests Facebook Profile Name: John Doe Passion: Real Estate Hobby: Browsing Home Listings Confession: I can never own a home in Canada, not even the shingles on the roof Is real estate Canadians’ new national past time? Canadians increasingly obsessed with real estate according to new national poll Is real […]