Afraid to Leave your bank for a Better Rate?
Filed Under Main Content · Tagged: Consumers, Financial Post, Mortgage, Purchasing, Shopping
The Financial post
Consumers are more aggressive shopping for a mortgage when purchasing their first home, then upon renewal.See full story on this topic »
Nine signs you can’t afford your mortgage
Filed Under Main Content · Tagged: Consumers, Financial Disaster, Globe And Mail, Imminent Bankruptcy, Jobs, Mortgage, Neighbours, Paycheque, Recession, Reducing Debt, Saving Money, Signs, Teetering On The Edge, Translate
The Globe and Mail- While plenty of individuals live from paycheque to paycheque, most consumers know they should be saving money and reducing debt. The recession has drummed that concept into everyone’s head as people have watched their neighbours and friends lose jobs and sometimes their home. Many people say that money worries keep them awake at night, but that doesn’t necessarily translate to imminent bankruptcy. How do you know when you are truly teetering on the edge of a financial disaster versus simply needing to do a little belt-tightening…?
Nine signs you can’t afford your mortgage – The Globe and Mail
Competition watchdog, realtors reach a deal
Filed Under Main Content · Tagged: Canadian Real Estate, Canadian Real Estate Association, Canadians, Competition Authorities, Competition Bureau, Competition Watchdog, Consumers, Federal Competition, Home Sellers, Landmark Agreement, Real Estate Agents, Real Estate Association, Realtors, Slate
Financial Post-In a development that could drastically change the way Canadians buy and sell their homes, the real estate industry has reached a landmark agreement with federal competition authorities.
The legally binding deal will allow for home sellers to pay for only those services they want from their real estate agents. Previously, under the rules established by the Canadian Real Estate Association (CREA), consumers had to opt for an entire slate of services, a practice the Competition Bureau deemed anticompetitive…
Competition watchdog, realtors reach a deal
Finance Minister Flaherty not worried about slumping markets, tougher mortgage rules
Filed Under Main Content · Tagged: Calgary Herald, Canadian Markets, Consumers, Federal Finance Minister, Federal Government, Finance Minister Jim Flaherty, Financial Risk, Greater Vancouver, Housing Sales, Housing Slowdown, National Securities, Ottawa, Proposal, Reverse Mortgage, Securities Regulator, Victoria
Calgary Herald- Federal Finance Minister Jim Flaherty said Thursday he is not concerned about slumping housing sales in some Canadian markets and has no plans to reverse mortgage restrictions imposed earlier this year.
Housing sales plunged dramatically last month in cities such as Calgary, Victoria and Greater Vancouver compared with one year ago.
But Flaherty, in Calgary to deliver a speech on Ottawa’s proposal for a national securities regulator, said he believes the housing slowdown is a sign that consumers are being more careful about financial risk-taking. He hinted the federal government wouldn’t shy away from additional mortgage restrictions, if needed…
Finance Minister Flaherty not worried about slumping markets, tougher mortgage rules
