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New Mortgage Rules Announced Finance Minister Jim Flaherty today announced some changes to mortgage rules that will come into force on March 18, 2011. 1. The maximum amortization period is now 30 years (down from 35 years) for government-backed insured mortgages, when the downpayment is less than 20 percent. 2. The maximum amount that can [...]

Prime Minister Stephen Harper came to the defense of Canada’s biggest trading partner Thursday, challenging the many critics of the U.S. Federal Reserve’s plan to create $600-billion (U.S.) to buy financial assets to come up with something better. Mr. Harper made the comment before the official start of the Group of 20 Summit in Seoul. [...]

op Business Stories Why Mark Carney’s call to stop gorging on debt is serious Michael Babad | Columnist profile | E-mail Globe and Mail Update Published Friday, Oct. 01, 2010 7:13AM EDT Last updated Friday, Oct. 01, 2010 8:59AM EDT 5 comments Email Print/License Decrease text size Increase text size // These are stories Report [...]

FIXED Rate Mortgage or VARIABLE rate mortgage?? What is the right choice for your client? It can be confusing especially in an environment where fixed rates are still at a record all time low and Prime Rates are on the rise. The media creates a frenzy with every movement in Prime, we know it’s going to [...]

Home sales tumble China’s economy now world’s second largest TSX +24.51 (Reuters) Economic concerns kept the TSX at the break-even level for most of the day DOW -1.14 The one thing that everybody agrees is a real problem is (U.S.) employment. Until we see that improve, I think you’re going to see a zigzag pattern. [...]

What to expect from Bank of Canada? the monetary policy council at C.D. Howe Institute believe a series of overnight rate increases over the coming year are necessary as an emergency approach become less appropriate TSX -26.18 as gold prices skidded and financial shares fell ahead of the Bank of Canada’s interest rate announcement today [...]

TSX -172.12 DOW -261.41 Dollar -.044c to 96.26cUS Oil -$.62 to $76.00US per barrel. Gold +$2.80 to $1,191.00 per ounce Canadian 5 yr bond yields -.09bps to 2.40. The spread (based on the MERIX 5 yr rate published rate of 4.39%) is above the comfort zone at 1.99 http://www.tmxmoney.com/HttpController?GetPage=BondsAndRates&Language=en Kim Covert, Financial Post · Friday, Jul. 16, [...]

Realtors to Canadians: Chill out  Association that represents the country’s agents disputes reports suggesting house prices set for big drop TSX +25.82 a bit of a dead cat bounce thanks to strength in energy shares and healthy bank earnings DOW -69.30 to 9,974 . Dollar +.12c to 93.58cUS Oil +$2.76 to $71.51US per barrel. Gold +$15.50 [...]

Water and Energy Saving Tips for Multi-Unit Residential Buildings The following tips are based on the individual measures being compiled by CMHC for an Energy and Water Efficiency Guide for Multi-Unit Residential Buildings. The Tips highlight ways to save energy and water in apartment buildings along with the costs, benefits and precautions. With over 60 Tips [...]