Daily Market Update: Hotel investment the next big thing?| Grow-up fallout | Housing bubble talk
Is it time to put your money into hotels? Why marijuana could be a big issue for homebuyers and the Canadian and UK bubbles are compared.
Mortgage and real estate debrief
There’s more evidence of an east-west divide in home prices as one city registers a double-figure hike year on year while others see a drop. A former shoe shop in Halifax is about to get a new spring in its step, and why one Canadian export is juggling with an overseas housing bubble.
Bank of Canada issues warning about email scams
The central bank has issued a warning to Canadians explaining that fake emails are being disseminated to the public purporting to be sent on behalf of the bank and soliciting money.
Ottawa has ‘overtweaked’ housing market, says broker
Government intervention has gone too far already, and the decision by the new Bank of Canada governor to keep the overnight rate unchanged is welcomed news for a housing sector still reeling from “too much tweaking,” says one industry vet.
Brokers pleased with Poloz as BoC governor
Brokers are giving a thumbs-up to the appointment of Stephen Poloz as Canada’s next governor of the Bank of Canada.
Poloz to be next BoC governor
In a somewhat surprising move, Stephen Poloz has been appointed the new governor of the Bank of Canada, replacing Mark Carney on June 1.
Debt, housing and economy will factor in rate increase
Bank of Canada Governor Mark Carney is looking for more substantial economic growth before hiking his the Overnight rate; but he is also factoring in the housing market and personal debt before making any decision.
BoC Hints at Longer Wait for Rate Hike
In a move anticipated by most analysts, The Bank of Canada announced today that the overnight rate will remain at 1 per cent, suggesting it – along with variable rates -- won’t rise anytime soon.
Borrowers reminded of flexibility amid fixed-rate fever
Outgoing Bank of Canada Governor Mark Carney may be delighted that consumers are heeding his warnings and have been flocking to fixed-rate mortgages in record numbers, but one broker is advising borrowers to pick shorter term mortgages because they offer greater flexibility.
Bank rate decision may slow switches
A decision Tuesday to keep the Bank of Canada’s overnight rate steady – something expected to hold for all of 2013 – will likely slow switches for brokers.