A Head Scratcher For Consumers

“We, the consumer, read about these mortgage issues in the media and try to understand but the complexity of these issues leave us somewhat baffled.”

Three to five years for a recovery in US property market

Residential property values in the United States were essentially unchanged in November, decreasing a marginal 0.1% from October, according to the latest Real Estate Market Report from Zillow.

Credit counsellors ready for post-holiday rush as Christmas bills come due

The holiday hustle and bustle is over for most Canadians but now, as the bills begin to roll in, the busy season has begun for credit counselling services.

No BoC rate hike until Q1 2013

TORONTO • A deteriorating European economy and weak global growth will keep the Bank of Canada from raising rates for at least another year, though an interest rate cut looks highly unlikely, according to a Reuters survey.

China considering property restrictions for foreign buyers

China is set to tighten restrictions on foreign real estate investment, according to a statement from the Chinese Ministry of Commerce (MOC).

Home sales rise, listings decline in November

OTTAWA — Canada’s resale housing market tightened slightly in November, as sales rose in more than 50% of markets while the number of listings declined, the Conference Board of Canada said Tuesday.

64 per cent of Canadians optimistic about their finances

TORONTO—A new CIBC poll shows 64 per cent of Canadians feel positive about their current financial situation, a finding the bank describes as strong but still five per cent lower than a year ago.