TORONTO, Ont. – The Ford Brothers are doing to themselves what they are doing to the city budget. Yes The Mayor Rob Ford is not only cutting the fat in the city of Toronto, but also inviting Toronto residents to participate in their “Cut the waist” challenge. The Mayor and his brother will take part [...]
January 2012 Issue 2
Click here for a larger version Canada Toronto is Better Than Vancouver: Housing Survey Consumer ...
Mortgage Rates Are At A Record Low!
BMO Bank of Montreal advertised the lowest mortgage rate and grabbed all the attention. 2.99 percent for a 5 year fixed rate mortgage. It’s supposedly just a two-week promotion. Other banks have already begun to match BMO’s offer. BMO offers this special rate with one main condition: amortizations no longer than 25 years. Other banks [...]
Canada is World’s 4th Friendliest Country: HSBC Survey
Canada is the fourth friendliest country in the world for expatriates, according to the results of HSBC’s Expat Explorer Survey. HSBC surveyed 3,385 expats in 100 countries between May and July 2011, but the findings only ranked 31 nations because those with less than 30 respondents “were deemed statistically insignificant,” Forbes.com reported. The countries were [...]
COLD AND FLU PREVENTION
With cold weather knocking on the door, many are concerned about falling victim to colds and flu. Flu vaccine the most effective way to prevent the flu, according to the Centers for Disease Control and Prevention remains a controversial subject. First, most flu vaccines still contain thimerosal, a mercury based preservative. Second, because of the [...]
Winter Activities: Tips to Avoid Injury
When snow, ice and frigid weather blast into town, watch out, says Dr. George Traitses. Winter recreational activities and chores can pose problems for the outdoor enthusiast whose body is not in condition. Winter sports like skating, skiing and sledding can cause painful muscle spasms, strains or tears if you’re not in shape. Even shoveling [...]
New Housing Price Index Rises Again :StatsCan, Toronto And Oshawa Post The Highest Year-over-year Price Increase
Jan 12 The New Housing Price Index (NHPI) rose 0.3% in November, following a 0.2% increase in October. The metropolitan regions of Toronto and Oshawa, and Montréal were the top contributors to the increase in November. The positive impact of these metropolitan regions on the overall index was offset in part by decreases observed in [...]
What Banks think?
‘At the condo side there is probably vulnerability ‘ -Royal Bank CEO Gord Nixon. There is a risk of a downturn in the housing market and the best hope is for a soft landing; investor owned properties are a cause for concern because there is a build up of supply based on investors expecting there [...]
What Are The Canadian Real Estate Predictions For 2012?
Well, according to The Globe and Mail, if interest rates stay low and sub-prime mortgages remain at bay, prices won’t crash, and the market will level off. Benjamin Taj, chief economist of CIBC, has seven Canadian real estate predictions for 2012: 1- Interest rates will remain low; prices will remain high, especially in city centres [...]
TORONTO HOUSING STARTS RISE IN 2011
TORONTO, January 10, 2012 – Annual total housing starts for the Toronto Census Metropolitan Area increased to 39,745 units in 2011, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). For the month of December, the seasonally-adjusted annual rate (SAAR) of total housing starts increased to 39,500 units. Housing starts in [...]
Canada’s Housing Market Is There A ” Housing Bubble” In Canada?
“No,” says CMHC, Canada’s national housing agency Following is CMHC’s fact sheet. “While there have been concerns of a “house price bubble” in Canada, clear evidence of it is lacking. The key characteristic of a bubble is an environment where house prices exceed levels that would be suggested by underlying demographic, economic and financial factors [...]
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