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Mortgage refinancing penalties prompt backlash

Ombudsman for Banking Services sees spike in complaints from Canadians upset about size of penalties – or fees that weren't clearly disclosed view article - 2010-03-16

Refinancing tempting at these rates

Shop around for sweet deals -- and there are at least a couple view article - 2010-03-09

Deciding on a mortgage

It is generally less expensive to continually roll over a short-term mortgage than to commit to a long-term one view article - 2010-03-09

Canada resale home price index up for 8th month

Canadian home resale prices rose for an eighth straight month in December with overall prices rising to end the year at a record high, a report on Wednesday said. view article - 2010-02-24

The home price puzzle

As Ottawa targets mortgage debt, Steve Ladurantaye visits Windsor, Ont., one of the many Canadian cities where there is no single story to be told about real estate values. Instead, two very different tales emerge: In some pockets, prices are skyrocketing. In others, prices struggle to rebound view article - 2010-02-22

Real estate set for rise ahead of new rules and taxes

A rush of home buyers trying to beat higher taxes and tighter mortgage regulations could pump up the housing market just as it's showing signs of cooling. view article - 2010-02-18

Housing market strong but cooling

Sales jump 58 per cent from year earlier as prices rise almost 20 per cent view article - 2010-02-17

Why Jim Flaherty's mortgage rules won't hurt homebuyers

The mortgage rule changes announced Tuesday by Financial Minister Jim Flaherty will weigh a bit on real estate speculators and heavily indebted people who want to fold their high-rate credit card debt into a lower-rate mortgage. view article - 2010-02-16

Average Canadian household debt reaches $96,000

Debt-to-income levels rose to 145 per cent – the highest level ever recorded in the study, which has run annually for 11 years. view article - 2010-02-16

Jim Flaherty tightens mortgage rules

finance minister unveils new mortgage rules needed to prevent ‘negative trends' from developing view article - 2010-02-16

Home prices keep rising, Ottawa monitoring

New home prices in Canada rose for the sixth straight month in December on historically low interest rates and rising consumer confidence, fueling fears the housing market is heating up too fast. view article - 2010-02-11

Ottawa weighs stricter mortgage rules

Under pressure from major banks, Flaherty considers tougher regulations to govern how mortgage borrowers are evaluated view article - 2010-02-11

Big Six banks urge Ottawa to tighten mortgage rules

CEOs tell The Globe they would forgo short-term profits and slow housing sector to avoid any chance of U.S.-style collapse view article - 2010-02-08

Variable or fixed? Both options have merit

With a 10-year mortgage, you're entirely insulated from the coming cycle of interest rate increases view article - 2010-01-28

Canada resale home price index up for 7th month

Canadian home resale prices rose for a seventh straight month in November on gains in all six major metropolitan markets surveyed, according to a report on Wednesday. view article - 2010-01-27

Canadians playing it safe with mortgages, report finds

Vast majority of Canadians taking on fixed-rate, less risky loans, association reports view article - 2010-01-13

New-housing prices rise

Ottawa — The New Housing Price Index rose 0.4 per cent in November following a 0.3-per-cent increase in October. view article - 2010-01-12

Canada's dirty subprime secret

From the ramshackle, plywood deck on Brad Goodyear's rural Vancouver Island home, most people see piles of trash, a mattress, abandoned appliances and heaps of salmon fishing nets. view article - 2010-01-06

Fasten your seatbelts, home buyers

You now have roughly six to nine months to get a personal plan together for dealing with higher interest rates. view article - 2010-01-05

Flaherty warns on mortgage rules

CTV says Ottawa is considering raising the minimum down payment for home buyers as well as reducing the amortization period in order to stop some consumers from taking on too much debt. view article - 2009-12-21

Canada lenders face some risks from housing boom

Canada lenders face some risks from housing boom view article - 2009-12-16

Canadian bankruptcies plummet

Largest monthly drop on record with volumes falling 28% as both consumers and businesses make fewer filings view article - 2009-12-15

Merrill warns of housing bubble

Economist says Bank of Canada may be underestimating inflationary impact of red-hot resale market view article - 2009-12-14

Central bank warns on rising debt

Saying low rates won't last, Mark Carney's Bank of Canada says growing household debt now biggest risk to country's financial system view article - 2009-12-10

Never missed a mortgage payment and still facing foreclosure

For the past three years, Lisa Matthews has never missed a mortgage payment - handing over $292, like clockwork, every week. view article - 2009-12-07

Real estate surge no ‘blip,' TD says

A recovery in the Canadian housing market, which was “as V-shaped as you can be,” has been based on fundamentals, although TD Economics warns that things could get carried away if the recent enthusiasm continues view article - 2009-12-01

Housing affordability slides

Canadian home ownership costs have become more expensive for the first time in 18 months: RBC view article - 2009-11-25

Living standards sink, report says

Study by Dale Orr Economic Insight shows standard of living down 4.3 per cent since 2007 view article - 2009-11-24

Will house prices get richer? IMF fears banks to ‘party' on

Plus, Canadian shoppers still spending. Gold continues to surge. And, Nortel breakup continues view article - 2009-11-23

Personal bankruptcies still soaring

Number of Canadians filing for bankruptcy increased 44.8 per cent in September from a year earlier view article - 2009-11-20

U.S. housing crisis hits new level

Record 14.4% of mortgages in foreclosure or delinquent; even those with safe credit ratings are losing homes view article - 2009-11-20

New home buyers take risks with low mortgage rate

Many Canadians taking on extended terms with no down payment at low variable rate. But what will happen when rates inevitably rise? view article - 2009-11-18

Recovery to strengthen house sales

Stronger economy means better sales than expected for year; sales surge 41 per cent in October from year ago view article - 2009-11-16

Housing starts hit 2009 high

Rise 5.4% in October, suggesting recovery in Canada's residential construction market view article - 2009-11-09

Housing activity seen reviving

Activity and prices will improve in the second half of this year and grow further in 2010, CMHC says view article - 2009-11-02

Easy credit, soaring prices raise new housing fears

Canadians are buying homes at a blistering pace, binging on new debt. But all that cheap money can come at a high cost view article - 2009-11-02

Resale home prices rise in August: survey

Canadian home resale prices rose for a fourth straight month in August and there were gains in all six major metropolitan areas surveyed, according to a report on Wednesday. view article - 2009-10-28

U.S. home sales surge

Resales rose in September to the highest level in more than two years view article - 2009-10-23

Why the housing market didn't crash

Canadian real estate correction was side-effect of recession, not cause, while U.S. market still faces challenges view article - 2009-20-14

Canadian home sales, prices surge

Canadians bought homes at a record pace in the third quarter, with strong sales in the priciest cities helping to drive prices 11 per cent higher than last year. view article - 2009-10-14

Mortgage fraud down, but not out

A good crook can beat a smart lawyer any day of the week view article - 2009-10-14

Home prices rise less than expected

New house prices rose a less-than-expected 0.1 per cent in August as Hamilton, Windsor and Edmonton all posted monthly declines. view article - 2009-10-13

Canada's economic growth fizzles

The Canadian economy was unexpectedly flat in July, a reading that throws into question the strength of the country's recovery. view article - 2009-09-30

‘Okay, this is a shocker'

Okay, this is a shocker ... It's not just the consensus that will be surprised by this result – the Bank of Canada has been loudly proclaiming lately that growth would likely surprise to the high side of their July forecast in the second half of the year. view article - 2009-09-30

Canadian consumers more upbeat

Consumer confidence in Canada continues to rise as the economy and financial markets improve, the Conference Board of Canada says. But not so in the United States. view article - 2009-09-29

U.S. home prices rise for third straight month

Home prices rose for the third month in a row in July, new data Tuesday showed, more proof a fragile housing recover is under way. view article - 2009-09-29

Real estate: key ratio shows some markets are booming

Canadians searching for clues on the health of the residential housing market should take a close look at an industry statistic known as the sales-to-listings ratio. view article - 2009-09-22

Canadian home sales remain strong

Canadian home sales dipped slightly in August as the market took a breather after a robust spring and summer, according to statistics released Tuesday by the Canadian Real Estate Association. view article - 2009-09-15

Canadian home construction surges

Canada's housing and construction industry continues to bounce back sharply. view article - 2009-09-09

Canada to lag G7 economies: OECD

Canada, which fought off recession much longer than its peers in the Group of Seven nations, will trail them down the road to recovery, according to new projections by the Organization for Economic Development and Co-operation. view article - 2009-09-04

Canadian housing on brink of rebound

Housing starts are expected to pick up in the second half of this year as buyers shake off some of their anxiety about the economy, Canada Mortgage and Housing Corp. said on Thursday. view article - 2009-09-04

U.S. home prices show positive turnaround

U.S. home prices posted their first quarterly increase in three years, signalling the housing market has turned a corner. view article - 2009-08-25

Vancouver leads housing rebound in record July

A record July for Canada's housing resale market is a sign of improving confidence in the Canadian economy, but it may be difficult to sustain the rally in the coming months. view article - 2009-08-14

Canadian home resales rise for 6th straight month

Sales of existing homes in Canada in July posted their biggest year-over-year gain in two years and rose for a sixth straight month, the Canadian Real Estate Association said on Friday. view article - 2009-08-14

Housing starts suffer mild setback

The real estate construction industry suffered a mild setback in July, largely tied to the volatile condominium market, although economists still project the sector will continue to rebound from its slump. view article - 2009-08-11

End of U.S. housing slump? Not exactly

If you go strictly by the numbers, there's evidence that the great U.S. real estate crash may be over. But beyond the numbers, the scene is still grim. view article - 2009-08-04

Recession over, recovery ‘nascent,' central bank says in new outlook

Canada's recession is over, and the country is beginning what will be a long reconstruction of the wealth destroyed by the financial crisis, the central bank said Thursday. view article - 2009-07-23

Home renos lead retail rebound

Canadian consumers seem to be using the tail end of the recession – and the government incentives that come with it – to spruce up their homes. view article - 2009-07-22

Central bank issues brighter outlook

The Bank of Canada is taking a brighter view of the economy, citing stronger-than-expected household spending. view article - 2009-07-21

Canadian gasoline consumption hits all-time high

As the global recession and relatively high gas prices have eroded Americans' gasoline consumption and forced changes in their commuting habits, Canadians have kept on trucking. view article - 2009-07-21

Home sales strengthen in second quarter

The housing market is continuing to rebound, according to numbers released Tuesday by the Canadian Real Estate Association. view article - 2009-07-14

Manitoba housing starts in deep recession

WINNIPEG'S once-robust housing industry seems to be developing a split personality. One day after Winnipeg's resale-homes sector reported one of its best Junes on record for house sales, the new-homes sector reported another tough month, with single- and multi-family starts down 43.8 per cent from June last year. view article - 2009-07-10

New home prices fall 0.1 per cent

New home prices in Canada fell 0.1 per cent in May, a small decline that continues to point to a firmer real estate market. view article - 2009-07-10

Bankruptcies soar by 31%

The number of bankruptcies in Canada in May was 31 per cent higher than a year ago, as overburdened consumers facing job loss or lower incomes find they can't make ends meet. view article - 2009-07-07

Real estate recovery expected to be tepid

The worst of Canada's housing market woes appear to be past but the sector's rebound will be tenuous as a rise in mortgage rates and high unemployment limit the recovery in prices and sales. view article - 2009-07-02

Erosion of household worth slowing

Statistics Canada says household net worth declined by $72-billion, or 1.3 per cent, in the first quarter as falling real-estate values and stock market woes continued to erode assets. view article - 2009-06-22

University study reveals hiring a real estate agent doesn't make economic sense

What exactly do agents offer to justify commissions of five per cent or more on the sale of a home? view article - 2008-03-08

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