20 Apr

Taxes Versus Household Income Plus Interest Rates Must Rise

General

Posted by: Kimberly Walker

Taxes take up greatest part of household income By The Canadian Press VANCOUVER, B.C. – A prominent think-tank that’s often critical of government spending policies says Canadian families spend more than two-fifths of their total income on taxes. The Fraser Institute says its annual Canadian Consumer Tax Index calculated that taxes ate up 41.7 per […]

Read More
19 Apr

New rules for rental properties could squeeze first-time homebuyers

General

Posted by: Kimberly Walker

By Derek Scott, The Canadian Press VANCOUVER, B.C. – Buying a house in the hot housing markets of Vancouver, Toronto and other major cities in recent years has been a possible dream for some first-time homebuyers only because many of those houses had suites they could rent out. But new rules coming into effect April […]

Read More
15 Apr

Bank of Canada Rate Hikes Fuel High Dollar

General

Posted by: Kimberly Walker

Anticipation of Bank of Canada rate hikes are fuelling mortgage increases, high dollar By Julian Beltrame, The Canadian Press OTTAWA — The Bank of Canada has yet to officially start hiking interests rates, but already Canadians are feeling the impact of higher borrowing costs. Analysts say expectations the central bank will boost rates June 1 […]

Read More
14 Apr

Pain in Australia is a peek at what’s to come

General

Posted by: Kimberly Walker

Published on Tuesday, Apr. 13, 2010 The Globe and Mail Report on Business   berman@globeandmail.com For a glimpse of what the future may feel like in the Great White North, look Down Under. Faced with a jumping housing market, a steadily improving job market and a commodity boom, all of which sound familiar to Canadians, […]

Read More
13 Apr

Heads Up – Most Banks Are Increasing Mortgage Rates This Evening

General

Posted by: Kimberly Walker

If you are looking to purchase or your mortgage is coming up for renewal I can still get 5 year money at 3.75%. Simply go onto www.walkermortgages.ca and fill out an online application, so I can secure you a 90 day rate hold at 3.75%. Whether you… use the money or not, no obligation. Thanks, […]

Read More
13 Apr

Australia boosts key rate

General

Posted by: Kimberly Walker

Central bank puts benchmark rate at 4.25%, says economy no longer needs the stimulus of low rates Adelaide, Australia — the Globe and Mail-The Associated Press Australia’s central bank raised its key interest rate Tuesday for a fifth time in six months and said the economy no longer needs the stimulus of low rates with […]

Read More
13 Apr

When will the Bank of Canada raise interest rates and by how much?

General

Posted by: Kimberly Walker

Posted to FP: April 12, 2010, Jonathan Ratner With most agreeing that a rate hike from the Bank of Canada is imminent, the talk now turns to the exact timing and extent of the central bank’s policy changes. Governor Mark Carney made a “conditional” promise to keep the benchmark interest rate at 0.25% through the […]

Read More
12 Apr

Subprime prime alive here

General

Posted by: Kimberly Walker

‘Orphan mortgages’ begin to surface  John Greenwood, Financial Post     Rod and Joyce Marentette bought their house in Chatham, Ont., a month before getting married in 2005. The economy was booming and credit was plentiful, so even though they didn’t have a down payment and Rod had recently gone through a bankruptcy, there were plenty […]

Read More
9 Apr

Rates staying low into next year

General

Posted by: Kimberly Walker

Julie Fortier, Financial Post  OTTAWA – With the Canadian economy doing surprisingly well over the past six months, many see higher interest rates from the Bank of Canada in the not so distant future, but according to a report released Thursday from CIBC’s chief economist Avery Shenfeld, rates are likely to remain at a very […]

Read More