Money Management 101…same rules apply for countries as individuals!
Do you understand what’s happening in Greece, Europe and through the rest of the economic crisis we’re seeing these days?
Browsing Category »Economic updates«
Economic conditions and new laws supporting strong housing sector, CMHC says
August 30, 2011
By Mary Gazze, The Canadian Press Canada’s national housing agency says it expects the country’s real estate industry will remain healthy in the second half of the year, building on favourable economic conditions in the first six months of 2011 Canada Mortgage and Housing Corp. said Monday that there have been fewer claims under its [...]
New Canadian Mortgage Rule Changes – making it all make sense
January 24, 2011
There are some definate misunderstandings and misrepresentations floating around in the media: we have designed the below information to help you clarify the information for youself. As always we welcome your calls, please feel free to contact us with any questions.
Bank of Canada overnight rate: No change for now
January 18, 2011
With the new changes to the mortgage rules over the past few days, the Bank of Canada has decided to leave the overnight lending rate - and therefore mortgage rates - where they are for the time being. This will help balance the cooling effect that the new mortgage qualifying terms will bring about. More here from ATB's daily economic comment
Flaherty tightens mortgage rules
January 17, 2011
2011 brings about more mortgage rule changes - here's a Financial Post article reviewing what's on the horizon for us as of March 2011.
Bank of Canada Leaves Rates Unchanged
December 7, 2010
Fromm ATB Financial's morning economic comment: Attention turned to the Bank of Canada this morning. As the only central bank within the G7 countries to have raised interest rates in 2010 (and raising them three times over the summer), Canada’s central bank now appears to be putting rate increases on hold...
Calgary’s Housing Market Fairly Level: ATB economic comment
December 2, 2010
Housing has been a leading indicator of Alberta’s economy recently – in 2009 it was one of the first to rise from the ashes of the recession and this year it was one of the first to slow down after the initial recovery. And, if housing figures for Calgary in November are a sign, the economic situation could be looking fairly ‘middle of the road’ as we move into 2011.
Alberta Job Market Lagging… for Now
November 29, 2010
Alberta is used to being #1 when it comes to the economy. Over the years leading up to the 2009 recession, the province was racking up a series of top honors. But coming out of the recession, Alberta still holds one not-so-flattering #1 position: the most lagging job market.
Canada’s inflation rate jumps half-point to 2.4 per cent, highest in two years
November 29, 2010
Canada's annual inflation rate jumped to 2.4 per cent in October, its highest level in two years, as Canadians were hit with price hikes for most things from gasoline to cars, shelter and food. Article by By Julian Beltrame, The Canadian Press
Bank of Canada hikes rates, sees slower recovery
September 10, 2010
As you've seen through this past week, the overnight lending rate jumped to 1.00% and subsequently, Prime jumped to 3.00%. Fixed rates have actually come down to the 3.69% range for a 5-year fixed, so this is good news for new homebuyers and those of us that would like to refinance our homes.
Trimor Home Finance
November 21, 2011