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Monthly Archives: February 2012
Home equity loans leave Canadians vulnerable, BoC says
OTTAWA — The Bank of Canada is again underscoring its concerns about rising household debt and home prices. And it’s not necessarily mortgage debt the central bank is most concerned about — it’s the money Canadians borrow by using their … Continue reading
Posted in Bank of Canada, General Economy, General Mortgage Info, Mortgage Refinancing
Tagged household debt
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Canadians more hesitant to take on debt, study finds
OTTAWA — A new analysis suggests Canadians are becoming more hesitant to take on debt, despite typical holiday season largesse at the end of 2011. The latest report of non-mortgage debt trends in Canada by the TransUnion credit reporting firm … Continue reading
Housing market cooled in January, report says
Canada’s hot housing market cooled in January, the Canadian Real Estate Association announced Wednesday, with home sales down 4.5 per cent from the month before. The decline was the first for monthly sales activity since August 2011, and the biggest … Continue reading
Housing market expected to remain steady: CMHC
OTTAWA — Canada’s housing market will remain steady this year and through 2013, with home prices expected to rise moderately, Canada Mortgage and Housing Corp. said Monday “With the Canadian economy set to expand at a moderate pace and mortgage … Continue reading
Mild winter sparks more cottage interest, realtors say
A mild winter and lack of snow in parts of Ontario seems to have had a positive effect on vacation property sales, real estate agents say. With the exception of this weekend, there’s virtually no snow in the Greater Toronto … Continue reading
Posted in Resale Home Sales
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