Canada House Prices:

Canada House Prices:

Canada House Prices: Correction Would Cost Banks Tens Of Billions
If Canada’s housing market experiences the price correction so many analysts and institutions expect, it won’t just hurt the homeowners who bought overpriced properties. It’ll directly impact Canada’s banks, who would lose tens of billions of dollars with even a modest market correction, says a new report from Fitch.

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Housing starts climb 4.3% in July

Housing starts climb 4.3% in July

Canadian Mortgage & Housing Corp CMHC REPORT! Source: Toronto— Reuters Published: Tuesday, Aug. 09, 2011 9:23AM EDT Canadian housing starts unexpectedly climbed 4.3 per cent in July, data showed Tuesday, setting the third quarter off to a strong start in new home construction and maintaining its role as a key support to the economy. Starts, […]

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Should I Break My Fixed Rate Mortgage?

Should I Break My Fixed Rate Mortgage?

If you have a closed mortgage at a fixed rate, and you want to get out early, be prepared to pay a high penalty. The cost may be many thousands of dollars. Most mortgages have a clause that says premature cancellation requires paying three months’ interest or an interest rate differential (IRD), whichever is greater. […]

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Interest Rates — Definately set to fall!

Interest Rates — Definately set to fall!

Interest rates may be set to fall While the Bank of Canada had long been expected to start raising interest rates from their historic lows, experts say the bank is now under pressure to cut them, meaning rates for everything from lines of credit to mortgages could follow. “The market has already priced in a […]

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