Households are cutting back on food to pay for cellphones, internet
A consumer advocacy group are urging the federal government to take action to curb rising cellphone and internet bills saying that some people are choosing to cut back on food rather than communications.
Most US homes have equity
Eighty-nine per cent of homes south of the border had equity by the end of last year.
How to take a larger slice of the renewal pie
It may be a controversial tactic, but one leading broker has established a rate buydown system specifically tailored to switching lenders at renewal. Dustan Woodhouse of Dominion Lending Centres explains.
Broker argues against Macbeth’s prediction
In the wake of one bold housing crash prediction, brokers are questioning the methodology one analyst used to arrive at his dire conclusion.
CMA finalists announced
The annual Canadian Mortgage Awards are set for May 22 at the Liberty Grand in Toronto and we’ve got your first set of finalists.
Price gap widens between Toronto houses and condos
The difference in price between a new house and a new condo in the Toronto market has widened to almost $300,000.
CIBC says Canada’s economy probably shrank in January
Retail figures declined in January according to data released by StatsCan on Friday and CIBC economists believe that the unexpected drop in consumer spending is a sign that the economy shrank.
How much income do you need to afford a home?
The income required to buy a home in Canada varies widely depending on the market, from under $40,000 in Trois-Rivières to more than $320,000 in West Vancouver.
The full Hilliard MacBeth interview
Hilliard MacBeth is an Edmonton-based portfolio manager with Richardson GMP Ltd. He also wrote a book, called When the Bubble Bursts: Surviving the Canadian real estate crash, and thinks the market is overvalued by up to 50 per cent.
Exclusive: Analyst explains bold prediction
It’s a controversial stance, but the analyst predicting a 40-50 per cent price correction explained how he arrived at his dire estimation.