Canada sees ‘dramatic’ housing slowdown, global report says Julie Fortier, Financial Post · Tuesday, Aug. 10, 2010 OTTAWA — Canada led in the global housing recovery in the first quarter of 2010, but moderating global growth, heightened financial market volatility and sluggish job creation have led to a “dramatic” slowdown in Canada, according to the […]

FINTRAC (Financial Transactions Reports Analysis Centre) has advised that financial institutions are required to have an adequate employment description for all borrowers, particularly self employed and retired persons. “Self-employed” is not an adequate employment description unless it is accompanied by further information (e.g. IT Security Consultant, Owner – Landscaping Company, etc). In addition, FINTRAC has now stated […]

Five expenses that will consume 50 per cent of your lifetime earnings by Manisha Thakor, Forbes.comIn these recessionary times, financial tips are flowing fast and furious about how to save money and stick to a budget. Facing a sea of information, many people are asking, “Where do I start?”  For most of us, five areas […]

Where to buy: Top 10 cities Jesse Kinos-Goodin, Financial Post · Sunday, Aug. 8, 2010 When investing in real estate, sometimes it’s necessary to look beyond your own backyard. The Real Estate Investment Network (REIN), a national organization of investors, has compiled what it says are the top 10 Canadian cities in which to invest. […]

Steve Ladurantaye Real Estate Reporter  From Thursday’s Globe and Mail Published on Wednesday, Aug. 04, 2010 1:53PM EDT Last updated on Thursday, Aug. 05, 2010 6:35AM EDT  The malaise in Canada’s housing market is deepening, as record-low interest rates and a vast selection of homes prove to be insufficient incentives to draw new buyers into […]

Fraser Valley Real Estate Board NEWS RELEASE For immediate release: August 4, 2010 FRASER VALLEY HOME BUYERS TAKE HOLIDAY IN JULY (Surrey, BC) – The Fraser Valley Real Estate Board (FVREB) processed 1,101 sales on its Multiple Listing Service (MLS®) in July, a decrease of 47 per cent compared to the 2,089 sales during the […]

By Carla Wilson, Postmedia News Read more: http://www.vancouversun.com/business/Summer+sales+cool+Victoria/3357562/story.html#ixzz0vdrcv54e A chill swept Greater Victoria’s summer real estate market last month when both the volume of sales and average prices dropped significantly. In July, 527 properties changed hands — down 43.5 per cent from the same month in 2009 during a red-hot market. The total value of […]

By QMI Agency There will be fewer homes sold this year, but for more money than initially thought, the Canadian Real Estate Association said Friday. CREA downward revised its 2010 housing market forecast after a weak spring buying season in four of Canada’s most crucial markets. National sales activity via the Multiple Listing Service is […]

Variable rate may no longer win Garry Marr, Financial Post · Tuesday, Jul. 27, 2010 Not that there are a lot of people buying houses these days, but the answer to the age-old question of whether to go long or short on your mortgage is unclear yet again. The Bank of Canada’s second quarter-of-a-point rate […]

A suite built above the garage of a South Surrey home. Photograph by: PNG, PNG METRO VANCOUVER – After decades of debate, Surrey has decided to permit homeowners to have one secondary suite in all single-family homes in the city, following an Ipsos Reid telephone poll in which 63 per cent of those surveyed supported […]