Canadian homebuyers are showing “a high level of financial literacy,” according to a new Canada Mortgage and Housing Corp. survey that found both high levels of research and a determination to pay off mortgages quickly. The survey, released Wednesday, said 75 per cent of respondents felt it “very important” to pay off their mortgages as […]

4 Ways To Value A Real Estate Rental Property Stephan Abraham, On Tuesday June 21, 2011 During the first half of the 2000s, investing in real estate became more common for average Americans. With easily available financing and minimal down payment requirements many Americans made handsome profits by flipping homes. Well, as we are all […]

When sizing up Canadian markets alongside their U.S. counterparts we often hear that what’s happening south of the border is sure to make its way north. Given that approach, there has been a lot of talk lately about the Canadian real estate market heading for an implosion.  Statistics Canada has reported a steady price climb […]

Bank of Canada’s Carney warns of mounting risk, predicts bad quarter for economy Julian Beltrame, The Canadian Press OTTAWA – Strain from a world awash in debt is increasing the risk to what is already a fragile and weak economic recovery, the Bank of Canada warns. And Canada faces a second, more immediate challenge from […]

Canadian economy still near the top of G7 OTTAWA – Canada will continue to outperform most economically advanced countries over the next two years, even as the pace slows and risks mount, the IMF says. The International Monetary Fund’s latest forecast presents Canada as a relative sea of tranquility amid rising global turbulence from European […]

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 […]