TD Canada Trust raises mortgage rates

The bank said that effective Feb. 8, the interest rate on its five-year closed fixed rate mortgage would increases 25 basis points to 5.44%

Read more: http://www.nationalpost.com/news/canada/Canada+Trust+raises+mortgage+rates/4237864/story.html#ixzz1DOHbecu8

TD Canada Trust raises mortgage rates

Canadian Mortgage Broker News – Canada’s renovation market set to cool

“Homeowners typically undertake their largest renovation expenditures in the first three years following a resale home purchase,” said Warren. “With home sales having peaked in 2007, the largest share of these ‘new buyer’ renovations should be winding down.”

Canadian Mortgage Broker News – Canada’s renovation market set to cool

Canadian housing market had strong finish to 2009

Daily Commercial News-

The housing market in Canada has been stronger in the second half of 2009 than was widely anticipated. That has been particularly true for residential resales.

The first quarter of 2009 was nearly disastrous for the existing home market, but all of that turned around in late spring and early summer. Record low mortgage rates have done the trick.

Potential homebuyers know that they are not likely to ever see interest rates this low again.

As for new home construction, it is worth remembering that an existing home sale is often a prelude to a new home purchase.

Canadian housing market had strong finish to 2009 – Daily Commercial News

Recession spreads to Canada’s storefronts

 Globe and Mail – Canada – The latest piece of bleak news about Canada’s economy came as the Department of Commerce in Washington reported that the United States economy shrank by the …

reportonbusiness.com: Recession spreads to Canada’s storefronts