Owning a house became slightly more affordable in Canada during the second half of 2012, but that’s mostly due to rock-bottom mortgage rates, RBC Economics says in a report to be released Monday. The sharp drop in house sales that occurred during the final six months of the year led to some small month-over-month…
Read More Finance Minister Jim Flaherty is issuing a warning to the country’s banks, as stiff competition for mortgage customers is prompting lenders to cut rates heading into the key spring home-buying season. “My expectation is that banks will engage in prudent lending – not the type of ‘race to the bottom’ practices that led to…
Read More Low Mortgage Rates Muster Light Affordability Boost Owning a house became slightly more affordable in Canada during the second half of 2012, but that’s mostly due to rock-bottom mortgage rates, RBC Economics says in a report to be released Monday. The sharp drop in house sales that occurred during the final six months of the…
Read More Booming rock music. Moody lighting. Women in tight dresses presiding over table games. Promises of 1,200 well-paying jobs and millions more in economic spinoffs. PJ Mercanti, who promised to make a splash when he and his partners revealed their downtown casino plan, unveiled the “entertainment complex” concept Monday at Sizzle nightclub in Hess…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
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