10 reasons not to panic The European sovereign debt crisis, a potential hard landing in China, weak U.S. economic data, and the U.S. debt ceiling debate have provided investors with plenty to worry about. Since none of these problems look like they will be resolved in the immediate future, don’t be surprised if global financial markets […]

Carney warns of trouble in overheated housing market once interest rates rise  Keven Drews, The Canadian Press VANCOUVER – Canada’s housing market is entering overheated territory and many Canadians could be financially hurt once interest rates begin to rise, Bank of Canada governor Mark Carney is warning. The central banker on took his case for […]

Canadian debt load: $26,000 – excluding mortgages- save yourself on average $800 a month by redoing your mortgage today to include that debt and say goodbye to it More Canadians are living closer to the edge as consumer debt loads continued to climb in the first three months of the year, a study shows. Already […]

Is buying a student condo for my child a good investment? Sometimes a parent decides to buy a place for their children while they hit the books in university or college. It can be a good alternative to paying thousands of dollars toward residence fees or rent. Just look at the math: Student rent of […]

Good Morning, As suspected rates have held steady this morning, meaning no change to variable rate mortgages or lines of credit with the current payments. Lenders appear to be minimizing the discount avaliable on variable rate mortgages which has been one of the most benifical options to help borrowers over the last decade pay there mortgages […]

Mortgage rules to push housing lower: CMHC   Housing starts and sales will fall more into line with “demographic fundamentals” this year and next, according to the latest housing outlook from the Canadian Mortgage and Housing Corporation. The crown agency said it expects housing starts will range between 166,600 to 192,200 units in 2011, with […]

  This week on an abbreviated Big Picture podcast (co-host John Shmuel is off in parts unknown): If you’ve been in the market looking for a home the past few years, you’ve likely griped about how seemingly far out of whack prices have become. This is especially true if you happen to live — or […]

The Bank of Canada released a special issue of its Review, “Lessons from the Financial Crisis,” which examines the recent research on the role of liquidity in the financial system, and the public policy responses that aimed to restore stability to the financial system during the crisis and foster economic recovery.   The Globe and Mail’s […]

No matter how many stories I read about housing price bubbles and rising interest rates, there’s no way I would go back to renting, and most Canadians feel the same way.    For three long, miserable years, my husband and I rented a unit attached to our landlord’s sprawling house in northeastern Toronto. Every time […]

Home prices continue climb Garry Marr Financial Post  May 17, 2011 – Canadian home prices continued their upward march in April, driven by strong investor demand in Vancouver, as cracks in the Toronto condominium market may be starting to appear. The Canadian Real Estate Association said yesterday the average price of a home sold in April […]