Thursday, 29 March 2012

Genworth using internal resources to deal with foreclosures

Genworth MI Canada Inc. , the country’s largest private sector mortgage insurer, has set up its own internal group of real estate agents to deal with foreclosure sales.

Monday, 26 March 2012

Budget to outline Old Age Security changes

OTTAWA — Changes to Canada’s Old Age Security program expected to be outlined in this week’s federal budget will mean higher costs for the provinces, territories and municipalities, analysts warn.

Thursday, 22 March 2012

Spring market expected to be strong

With all the talk of price corrections and soft landings, this year's spring housing market looks to be ignoring all the naysayers, says one of the country's largest real estate organizations.

Wednesday, 21 March 2012

Russians still Russia-averse

Following a charged elections season, the Russian economy has become a scale to evaluate how investors are reacting to Prime Minister Vladimir Putin’s return to the presidency in May.

Tuesday, 20 March 2012

Bank regulator targets mortgage disclosure

Canada’s bank regulator has issued a set of draft guidelines on mortgage underwriting that, if approved, would significantly increase the level of transparency around one the industry’s most important and least understood businesses.

Thursday, 15 March 2012

US property values still fall but rental market is flourishing

Residential property prices in the United States continued to fall but median rents are rising, according to the latest real estate market reports published today (Tuesday 13 March) by Zillow.

Wednesday, 14 March 2012

Housing cools as sellers hold back

The hot housing market that powered the country's post-recession recovery is slowing to a crawl.

Tuesday, 13 March 2012

The 10 most competitive cities in the world

The world’s megacities, from Tokyo to New York, are incredibly influential, housing vast swaths of the population and contributing significantly to global GDP.

Monday, 12 March 2012

The BoC’s household debt conundrum: Rate hikes or regulation?

Economists are pretty much in agreement that the Bank of Canada, while still maintaining its interest rates at a stimulus-level 1.00%, also adopted a more hawkish tone in its latest comments.

Friday, 9 March 2012

BMO Cranks Up the Heat Again

BMO is dead-set on winning mind share among consumers.

Thursday, 8 March 2012

Mortgage penalty rules change… finally.. well, sort of…

The Federal govt announced some changes to protect Canadian Consumers… including rule changes to credit cards and mortgage prepayment information.

Wednesday, 7 March 2012

Closing Bell: Greek debt default fears send markets tumbling

“Stocks down, gold down, oil down, copper down, EU periphery debt down. The day is shaping up to be the worst for risk thus far in 2012,” Stewart Hall, senior currency strategist at RBC Dominion Securities wrote in a note on Tuesday.

Monday, 5 March 2012

Canadian government “ready to talk” about Iceland adopting our currency?

Iceland has been desperate to replace its krona with a more stable currency since its banking collapse of 2008.

Friday, 2 March 2012

Iran's threats supporting oil price

Crude oil prices spiked again Wednesday as Iran engaged in more sabre rattling with its European adversaries, furthering the risk of oil supply disruptions coming out of the Middle East.