Canada's big five banks post profits
Canada's five biggest banks showed steady profit growth in the second quarter of 2010, to a total of $5.01 billion collectively. The latest quarterly roundup fell slightly short of the $5.09 billion the group made during the first quarter of the year when growth was starting to regain momentum on fewer bad loans and some pickup in mortgages.
Canada's banking system healthiest in the world
Canada's banking system is a model for the United States and European countries struggling to cope with mountains of debt accumulated through a series of market crises, massive bailouts and recession according to a report in the Washington Post this morning.
Canadians still pursuing recreational property as second homes
Despite the fact that a second home requires a higher down payment, almost half of Canadians are still considering buying a recreational property according to a nationwide survey of Canadian attitudes towards recreational property ownership conducted by Angus Reid and commissioned by Royal LePage Real Estate Services.
$225 million to build social housing in BC
The British Columbian provincial government, in conjunction with a private foundation, will provide $225 million to build eight social housing sites
Canadian home prices up
Owning a home in Canada, except in Alberta, has become even more expensive, according to the latest housing report just release by RBC Economics Research.
RBC poll shows Canadians growing interest in combination mortgages
Combination mortgages are rising in popularity among Canadians, with 40 per cent of those polled in RBC's 17th Annual Homeowners Survey saying if they were to purchase a home within the next couple of years, they would plan on taking out a combination mortgage, higher than the 32 per cent in 2009 who opted for combination mortgages.
April home sales takes dip
Although April was the busiest month on record for Canadian real estate agents, listing almost 100,000 homes, sale numbers continued to dip with buyers stepping away from an increasingly expensive market
Criminal charges pending in BMO fraud case
The RCMP are sifting through thousands of pages of documents to decide whether to pursue criminal charges in what is being touted as Canada's largest mortgage fraud case ever.
It's Time to Lock In
With people banking on the main interest rate going up in June, it seems like a good time to for homeowners to lock in their fixed-rate mortgages.
New Addition to Mortgage Alliance Franchise
A new franchise, specializing in commercial mortgages, has been awarded to Murray Wood, Michel Durand, Mike Shamber and Brennan Wood who will now be known as Mortgage Alliance, Commercial Canada.