Expect Canada’s first 2011 rate hike in July: poll
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Canada Business, Canada First, Canadian Dollar, Economic Growth, Interest Rate Hike, Poll, Tame Inflation, Www Canada
The Bank of Canada is widely expected to make its first interest rate hike of 2011 in July, as it balances rising economic growth against tame inflation and a high-flying Canadian dollar.
Expect Canada’s first 2011 rate hike in July: poll
Many don’t know if they could make higher mortgage payments: poll
Filed Under Main Content · Tagged: Bank Of Canada, Bank Of Montreal, Benchmark Rate, Bmo, Canadians, Interest Rates, Mortgage Interest, Mortgage Payments, Mortgage Rates, Poll
Nearly 20 per cent of Canadians don’t know if they’ll be able to make their mortgage payments if interest rates increase, according to a poll released Thursday by Bank of Montreal – disturbing findings given that BMO expects the Bank of Canada to raise its benchmark rate by at least one per cent by the end of the year.
Many don’t know if they could make higher mortgage payments: poll
HST cooling housing market: Realtors
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, British Columbia, Downturn, Harmonized Sales Tax, Housing Market, Lepage Real Estate, Poll, Quarter Point, Real Estate Agents, Real Estate Services, Realtors, Reason, Respondents, Rising Interest Rates, Royal Lepage Real Estate, Royal Lepage Real Estate Services, Sales Tax
Times Colonist- Almost half of its real estate agents say the main reason for the cooling housing market is the harmonized sales tax, according to a survey from Royal LePage Real Estate Services.
The company conducted an online-only poll of its realtors at the end of July — almost a month after the HST went into affect in British Columbia and Ontario — and found that 43.9% of the 769 respondents in those provinces blamed the new tax for the downturn. The HST was considered a bigger threat than rising interest rates despite two recent quarter point hikes from the Bank of Canada…
HST cooling housing market: Realtors
Don’t let debt ruin your retirement
Filed Under Main Content · Tagged: Anne Davies, Boomers, Complexity, Contrary, Divorce And Remarriage, Financial Planning, Grown Kids, Investment Properties, Mortgage Debt, Parenthood, Parents, Poll, Principal Residence, Quot, Rbc, Retirement Strategies, Vacation Homes
Financial Post- Whatever happened to the old financial planning guideline that debt should be jettisoned before retiring? Lee Anne Davies, head of retirement strategies at RBC, says modern retirement is more complex than the one Boomers’ parents enjoyed. Parenthood may have been delayed, grown kids may not have left the nest and "divorce and remarriage adds complexity."
Contrary to most experts, Davies thinks carrying debt in retirement is "not necessarily a bad thing." According to the RBC poll, 22% had mortgage debt only on a principal residence, while 5% were carrying debt on vacation homes or investment properties…
