By: Thomas Sigsworth on February 28, 2014

Starting May 1, homebuyers in Canada with less than 20 percent down will be paying more for their mortgage insurance. The CMHC announced today that it will be boosting its premiums by 0.10 to 0.45 percent. The changes, while notable, will not substantially raise borrowers’ monthly carrying costs.

 

By: Thomas Sigsworth on February 19, 2014

With everyone from the Bank of Canada to the Minister of Finance to The New York Times fretting about a condo bubble in Canada, CIBC economist Benjamin Tal recently decided to crunch the numbers himself to see what’s really going on. His verdict: condo owners can relax because vacancy rates will increase only slightly in 2014, despite a record number of units coming to market.

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By: Gary Parkinson on February 19, 2014

New Brunswick is unique as Canada’s only constitutionally bilingual province, with English and French both culturally accepted.  The province is also the western border of the Bay of Fundy, which was a finalist to become one of the new natural wonders of the world in 2009 – a title that was ultimately passed onto other bodies of nature.

By: Gary Parkinson on February 13, 2014

Physically the largest province in Canada and the second largest physical jurisdiction after Nunavut, Quebec is the predominant home of Canada’s French speaking population.  The demographics of the province will help maintain demand for housing in the first half of 2014.

By: Thomas Sigsworth on February 11, 2014

As movie dialogue goes, “it’s a trap!” has become the very furniture of cliche, rivalling other mind-numbing groaners like “we’ve got company” “don’t look down” and “it’s quiet . . . too quiet.” The worn-out line should be banished from Hollywood scripts and inserted where it really belongs: at the top of way-too-many credit card contracts. 

 

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