In an effort to slow down our very zippy local housing market the government has proposed some changes to how we buy or finance property here in Ontario. As of mid April they are proposing the following: 1/ If you are a first time home buyer you will have to qualify for your first loan […]
January Resale Housing Market Figures
February 3, 2010 by
TORONTO, February 3, 2010 — Greater Toronto REALTORS® reported 4,986 transactions through the Multiple Listing Service (MLS®) in January 2010. This result represented a large increase over the 2,670 sales in January 2009 when the home sales were in a recessionary trough. Last month’s sales were slightly higher than the January average in the five […]
Canadian House Prices What's Real and What's Not
January 23, 2010 by
Newspaper editorials have been overflowing lately with speculation on how rising rates may lead to a surge in mortgage defaults. In response to this issue, CIBC Economist Benjamin Tal released a report that took a closer look at the facts and determined history doesn’t support this premise. Below is a summary of Tal’s report. House […]
Tax Tips For 2010
January 13, 2010 by
With the rush of the holiday season and New Year’s celebrations now over, many Canadians are turning their attentions to their taxes. Following are some useful tips to help simplify your 2009 tax filing process and get the most out of future returns. While the 2009 tax filing deadline is months away, January is often […]
Canada's Recession Finally Ends
December 30, 2009 by
Canada’s Recession Officially Ends As the third quarter’s GDP numbers come in, they show an official end to the recession. Although the positive 0.4 percent growth is less than the 1-2 percent expected, it is nonetheless a positive sign. In terms of unemployment and GDP decline, this recession was less severe than those of the […]