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economy: 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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economy: Resale Record in July - 08/08/09 09:19 AM
As in June, the Toronto Real Estate Board is reporting another record setting month.
See the below excerpt from this month's Market Watch just released:
In July 2009, Greater Toronto REALTORS® reported a record 9,967 sales, up 28 per cent from July 2008. The average price for July transactions was $395,414 - up by six per cent compared to the same month last year."Households confident in their positioning within the current economic environment have taken advantage of housing affordability in the GTA," said TREB President Tom Lebour. "The real estate sector has been one of the sectors making a positive contribution to economic … (0 comments)
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economy: Real Estate - The New Market Reality - 06/24/09 01:14 PM
As stability returns to residential real estate markets across the country, buyers and sellers are breathing a sigh of relief. The carnage south of the border has failed to materialize in Canada and all indicators - economic and otherwise -- point to a housing market on the upswing.Buyers who moved in the midst of uncertainty, ignoring warnings from doom and gloom forecasters, economists and naysayers, snapped up some of the best real estate deals this market has seen in years. By contrast, those who panicked and chose to sit it out on the sidelines are now facing rising interest rates and-in … (0 comments)
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economy: Interest Rate Alert - 06/01/09 07:11 PM
The trend setting 10 year bond which is used as benchmark for long term fixed interest rates has been rising in the last few weeks.
It has moved to a tipping point which will cause fixed term interest rates to rise. This may come as soon as today.
We may be seeing 5 year fixed rates of 4.00% sooner than later, still a great rate but why not save a little money?
Two things to consider ;
1 - If you haven't purchased yet and are sitting on the fence, get pre-approved to secure a rate
2 - This maybe the best … (0 comments)
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economy: 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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economy: 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.
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