When housing boom meets rate-hike panic
Filed Under Main Content · Tagged: Atlantic Canada, Bank Of Canada, British Columbia, Estate Business, Executive Vice, Harmonized Sales Tax, Housing Boom, Hst, Interest Rates, July 1, Ontario Canada, Post Spring, Rate Hike, Real Estate, Sales Tax, Surprise, Term Interest, Vice President
Financial Post-Spring is typically a busy time for the real estate business, but this year may make others pale in comparison.
With new mortgage rules in effect April 19 that will make it tougher to borrow in some cases, the new harmonized sales tax (HST) in Ontario and British Columbia beginning on July 1, and the Bank of Canada likely to hike short-term interest rates, it’s no surprise buyers are becoming panicked.
"It’s extremely busy out there right now. There is clearly a shortage of properties for sale in many parts of the country," said Michael Polzler, executive vice-president of Re/Max Ontario-Atlantic Canada…
When housing boom meets rate-hike panic
Signs of recovery
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corporation, Demographics, Housing Starts, Ontario Canada, Ottawa Citizen, Signs
Ottawa Citizen – Ontario – Canada Mortgage and Housing Corporation says housing starts are expected to increase throughout this year and next to match home-buying demographics. …
How high will mortgage rates go?
Filed Under Main Content · Tagged: Bond Yields, Money, Mortgage Rates, Nbsp, Ontario Canada, Recession, Toronto Star
Toronto Star – Ontario, Canada – So recent increases in mortgage rates and bond yields have many homeowners wondering how high rates will go, how soon, and what they should do to save the most money…
TheStar.com | Recession | How high will mortgage rates go?
Automakers seek $6 billion from taxpayers
Filed Under Main Content · Tagged: Automakers, Gm, Job, Layoffs, Ontario Canada, Ottawa Citizen, Taxpayers
Ottawa Citizen – Ontario, Canada – Worse-than-expected job numbers for the US and Canada and new layoffs Friday added to the pressure to act. GM said it is slashing output at four North …
