Connected To More
Subscribe
Viewing All Posts. 116 Posts Found.
Page: 1 ... 6 7 8 9 10 11 12   Previous | Next

Happy Thanksgiving from all of us at CENTUM

As we look forward to Canadian Thanksgiving Day on Monday, October 11, we decided to take a look back to see how much has changed on this day in history.  October 11, 1951 – the average five-year residential mortgage lending rate in Canada was 5.75 percent. October 1960 – A gold buying rush, triggered by speculation of a devaluation of U.S. currency, pushes the free market price of ...

Ottawa May Further Tighten Mortgage Lending Rules

Concerns about an overheating housing market have prompted Finance Minister Jim Flaherty to threaten further tightening of mortgage lending rules. In the meantime, his department will keep a close eye on market activity. The Finance Minister made the announcement following an October 4 meeting with economists from the private sector. Economists’ concerns stem from the ...

Top Three Reasons for Leaving Your Lender

More than two thirds of repeat home buyers polled in a survey by TD Canada Trust indicate that their current home won’t be their last. In fact, one in five repeat buyers surveyed say that they have owned more than five homes. Retirement is the leading influencer in the decision to change homes, according to the survey. Slightly more than half of respondents indicate that the proceeds from ...

Would You Buy a Home Online?

Today's consumer can buy and compare prices in almost every shopping category, including clothing, services, electronics, furniture and even luxury cars - without ever setting foot in a brick and mortar store. But would they buy a home on the internet? Considering recent investments in web technology by leading real estate brands, the answer may be 'yes'.  ...

Canadian Cities Among World’s Most Expensive - Or Are They?

This week, wealth management and investment banking giant UBS released a study ranking the world’s most expensive cities. The study included a standardized survey of prices and wages in 73 cities around the world. The strength of the Canadian dollar relative to the study’s benchmark currency, the U.S. dollar, led to Toronto and Montreal jumping into the top ten this year. Anyone ...

Investors Polarized On Key Rate Predictions

Will the Bank of Canada raise its key interest rate tomorrow? Investors haven’t been this divided in their forecasts for Wednesday’s interest rate decision since April 2009, according to a Bloomberg News survey. Of 17 leading investors surveyed, 12 predict that the Bank of Canada will raise its key interest rate to 1.0 percent. The rest believe that governor Mark Carney ...

Real Estate Continues to Edge Toward Buyers' Market

A report released by the Real Estate Board of Greater Vancouver this week shows a 2.6 percent decline in residential property sales since July, and a whopping 36 percent decline compared to August 2009 – the second hottest August market on record. Board president Jake Moldowan states in the REBGV release, “We’re seeing moderate demand, low interest rates and a healthy but slowing stream of ...

Mortgage Wars - Beware of Averages

We’ve heard of gasoline price wars, but what about mortgage rate wars?  For the third time since the beginning of August, major financial institutions have cut their fixed-term lending rates for five-year mortgages. The latest reductions have BMO, CIBC and Laurentian Bank lowering their five-year rates by ten basis points to 5.39%. Despite lagging sales activity, a report by the Conference ...

Commercial Real Estate Investment in Canada Booms

A new survey by CB Richards Ellis shows that investment in commercial real estate in Canada is strong – despite media reports of an opposite trend in residential real estate. According to the CBRE report, commercial deals done in the first half of 2010 totalled $7.8 billion as opposed to $4.9 billion for the same period in 2009 – a 60 percent increase. Because last year’s sales were hampered ...

Anti-HST Petition Continues to Gain Momentum in B.C.

Ending a week of anticipation among anti-HST campaigners in British Columbia, a B.C. Supreme Court judge ruled today that the anti-HST petition led by former Premier Bill Vander Zalm is constitutionally valid. The petition is inked with more than 700,000 voter signatures. The debate for and against the HST, or harmonized sales tax, continues to rage in the province. The tax is unpopular among ...
Subscribe
Viewing All Posts. 116 Posts Found.
Page: 1 ... 6 7 8 9 10 11 12   Previous | Next