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canadian economy: Canadian Real Estate Continues to Recover - 01/22/10 02:01 PM
Exceptionally low interest rates, government incentives (rebates, tax breaks and RRSP contributions), the looming HST and a renewed consumer confidence puts Canada as the world leader when it comes to the recovery of the global real estate market.
In a recent report on Global Real Estate Trends written by Adrienne Warren of Scotiabank, Canada is leading the way in the global real estate recovery with positive growth in housing starts, housing sales and average prices.  Prices in Canada remain strong due to the increased demand for housing, coupled with low levels of housing inventory.  First time buyers are out in full … (0 comments)

canadian economy: Buying up? First time buying? Now is your time! - 12/21/08 09:59 AM
For all those first time buyers or those who have been waiting for the right time to move into a bigger household, now is your time.  With housing prices dropping and interest rates at record lows, now is the time to consider purchasing a home.
House prices across Canada fell nearly 10 per cent and sales slipped 42 per cent in November compared with the same month last year, a drop the Canadian Real Estate Association says it hasn't seen since the last housing recession nearly two decades ago.
CREA said 27,743 homes were sold last month across Canada, … (0 comments)

canadian economy: Canada rated as the world’s soundest banking system. - 10/10/08 03:04 PM
For those of us concerned about how the much publicized American financial meltdown will permeate north of the border, we should all take some relief in knowing that a World Economic Forum Report on global competitiveness has rated Canada's banking system as the soundest system in the world.
These statistics were released to quell the panic due to the global financial crisis and bank failures. To help rectify the situation, halt panic selling and to restore some trust in world banking systems, central banks in Europe, the UK, the United States, China, Canada, Sweden, and Switzerland have slashed interest rates.
Canada … (3 comments)

canadian economy: PM says we’re OK. - 10/10/08 03:02 PM
Recent popular belief is that Canada will fall into the disastrous economic situation that has crippled the U.S. economy. As our economy is affected by what happens south of the boarder, it is important to understand that we have been able to maintain a solvent banking system (where the U.S. has failed) and our government has implemented measures to prevent a collapse of our real estate market (no more 40 year amortizations with zero money down). The U.S. is suffering due to the vast number of mortgage defaults and questionable lending policies. These factors alone have our Prime Minister feeling confident … (0 comments)

 
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Sean Kavanagh

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