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canadian real estate market: Bank of Canada unlikely to raise rates till 2011? - 10/12/09 06:25 AM
Here are some insights on the direction of interest rates in Canada, in the upcoming years.
By The Canadian Press
CIBC: muted growth means Bank of Canada unlikely to raise rates till 2011
TORONTO - The Bank of Canada is unlikely to hike interest rates until 2011 because the lingering effects of the global economic meltdown will continue to mute both growth and inflation, according to a report issued Tuesday by CIBC World Markets.
"While the 2009 recession may already be over, the slack it created is both large and likely to persist," said CIBC chief economist Avery Shenfeld.
"Unlike the … (1 comments)
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canadian real estate market: Important Message - 12/18/08 04:10 PM
If the cup of coffee you were drinking on Tuesday morning didn't wake you up, the headline on the front page of the Globe and Mail most surely did.
The headlines screamed "Housing sales hit 20-year low as real estate slump widens" followed by huge sub-head noting an 11 per cent decline in prices and a 44 per cent drop in Ontario housing sales in large RED print, based on the December 15th press release issued by the Canadian Real Estate Association.
The only problem with the article is that it is incorrect. In the third paragraph, the author writes "Between … (0 comments)
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canadian real estate market: Great Article!!! - 12/05/08 11:52 AM
This is an article from Globe and Mail website by Madelaine Drohan. This is a great read and very positive!!!
Madelaine Drohan has covered business and politics in Canada, Europe and Africa in the last 30 years. Twelve of those years were spent at The Globe and Mail, first as a business reporter, then European correspondent and finally economics columnist. She is currently the Ottawa correspondent for The Economist and also writes for the Economist Intelligence Unit.
Crisis? What crisis?
MADELAINE DROHAN
Globe and Mail Update
December 4, 2008 at 12:32 PM EST
OTTAWA - Canada may be in a … (1 comments)
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canadian real estate market: Why Canada will Not suffer a US Real Estate Meltdown - 10/13/08 07:35 AM
Attached is an excellent report put out by one of the most respected Ecumenist's in Canada , Benjamin Tal.
It is an easy read and is NOT written in economic babble.
In short , Tal covers 3 main topic's that could "Trigger" a US type meltdown.
1 Market Balance & Location - currently we are in a balanced market but will be in a buyers market by next year. BUT these are national figures and are being driven more by Western Canada than the GTA
2 Rates in relation to Affordability - comparing current affordability to 1990, rates … (0 comments)
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Casey Ragan
Toronto,
ON
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RE/MAX Hallmark Realty Ltd.
Address: 723 Mount Pleasant Road, Toronto, ON , M4S 2N4
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