HST confusion abounds in Ontario
According to a recent Ipsos Reid survey, 56 per cent of Ontarians still mistakenly believe that the harmonized sales tax (HST) applies to the full purchase price of an existing home.
Ontario boomers to downsize homes: TD buyer report
Most Ontario boomers are planning to move to smaller homes, according to the TD Canada Trust Boomer Buyers Report.
Public awareness campaign aimed at first-time homebuyers
To encourage first-time homebuyers to consider all options before choosing a mortgage, the Financial Consumer Agency of Canada (FCAC) is launching a public awareness campaign that offers free “unbiased mortgage information.”
Andrew Moor sees lots of opportunity for brokers
Andrew Moor, president and CEO of Equitable Trust, was positive on how much opportunity brokers have in Canada and his perspective on how they can continue to grow business.
Household debt to outpace income: TD
When interest rates rise, 10 per cent of Canadian households could be in financial trouble, according to a TD Economics study.
BoC holds interest rate, gloomier economic outlook
The Bank of Canada maintained its benchmark interest rate at 1 per cent on Tuesday October 19 after three consecutive increases.
High buy/rent ratio may lead to housing price correction
The current high buy/rent ratio may indicate a vulnerable housing market said Desjardins Securities, but others aren’t placing too much weight on the measurement.
Housing market outlook positive for homebuilders
The housing market outlook for Canada is positive, according to the Canadian Home Builders’ Association (CHBA).
BMO and TD reduce mortgage rates
The Bank of Montreal reduced its posted five-year fixed mortgage rate by 0.10 per cent to 3.89 per cent.
TD bank overhauls mortgage program
TD bank is redesigning its mortgage program to make it easier for homeowners to tap into their equity.