Thursday, 27 June 2013

Mortgage fraud hits 'eye-opening' level in Canada

Consumer credit company Equifax uncovered roughly $400 million worth of mortgage fraud in Canada last year, an "eye-opening" number industry experts estimate represents only a fraction of the cheating taking place in the country's real-estate market.

Friday, 14 June 2013

Are Canada’s mortgage wars over?

Fixed mortgage rates are heading higher. Royal Bank of Canada, the country's largest mortgage lender, was the first to hike its rates, lifting the popular five-year fixed mortgage rate by 20 basis points to 3.29 per cent on Monday. 

Thursday, 13 June 2013

Spring puts bounce back in Canadian home prices

TORONTO — Canadian home prices jumped in May from April as a spring rebound in real estate continued in most cities, offsetting a couple of weak markets, the Teranet-National Bank Composite House Price Index showed on Wednesday.

Tuesday, 11 June 2013

RBC Mortgage Rate Hike Could Be Just The Beginning

The Royal Bank of Canada announced Friday it's hiking interest rates on mortgages, in a move that could signal that rates for home loans have passed their bottom.

Monday, 10 June 2013

B.C. unemployment numbers increase slightly even as Canada adds 95,000 jobs in May

Statistics Canada says the economy added a whopping 95,000 jobs in May, the biggest monthly increase in more than a decade.

Thursday, 6 June 2013

Canadian Real Estate Ranks #3 In World

Thunder Bay- Real Estate- Canada has been ranked #3 in the World Real Estate House Prices by OECD slightly behind Belgium and Norway yet ahead of France #5, England #8, Italy #13 and the USA which came in at #19 in affordability.