Christine Dobby Nov 30, 2011 – 7:06 PM ET The Canadian economy was not as bad as first feared in the third quarter. In fact, it was much better than almost anyone had hoped. Fuelled by record monthly output from the oil-and-gas and mining sectors and overall export strength as temporary headwinds drifted away, third-quarter [...]
By The Canadian Press OTTAWA – A new report finds low interest rates are keeping Canadian house prices within reach of homebuyers in many markets. The Royal Bank’s quarterly report on housing trends, released early Friday, shows housing affordability improved slightly in the third quarter, after two consecutive quarters when things got worse. RBC chief [...]
By The Canadian Press OTTAWA – The Bank of Canada is expected to continue setting the conditions for economic recovery today by passing again on interest rate hikes. Most economists and markets agree that governor Mark Carney will leave the rate at one per cent until the end of the year and likely well into [...]
Thursday, 20 October 2011 09:07 Newsroom It seems that the time limited offer for low-interest rates is likely to be extended- this according to a recent Reuters survey of 40 economists and strategists. Respondents indicated that they do not believe that the Bank of Canada will hike rates rate before well into next year- Q3, [...]
Aging baby boomers helping change Canada’s housing market: CMHC
Julian Beltrame OTTAWA— The Canadian Press Published Thursday, Dec. 29, 2011 4:51PM EST Last updated Thursday, Jan. 05, 2012 4:20PM EST Demographic changes from aging to immigration flows are helping shape Canada’s housing market of the future, the federal housing agency suggests in its annual report. The Canadian Mortgage and Housing Corp.’s study of housing [...]
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