All Entries in the "Economic" Category
Clarification to Government Rule Changes
The announcement by the department of finance on February 16th left some room for interpretation. CMHC has recently announced clarification to the announcement. Read for details.
Government Policy Changes
Policy changes by government can have a very positive, or a very negative effect on the economy and housing activity. The Department of Finance made some changes to the mortgage rules on February 16, 2010. See what they are and how they might affect you.
Housing Bubble or No Housing Bubble? That is the Question.
Is there a housing bubble? Is there not a housing bubble? Finance Minister Jim Flaherty suggested in December 2009 that there is. Since than many have spoken out against his point of view including Bank of Canada Governor Mark Carney. Now Flaherty has changed his tune. Read the full article for full details.
Bank of Canada Keeps Rates the Same
The Bank of Canada left rates unchanged this morning which means prime remains at 2.25% and is expected to stay there until the end of 2010. Inflation is not expected to reach it’s 2% target until the 3rd quarter of 2011. Read the full article for more details.
Calgary Home Prices to Increase in 2010
After dropping a year ago, home prices in the Calgary market (along with most other major Canadian markets) is expected to recover well going into and through 2010 according to ReMax Report.
