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Industry News
Is your home your sanctuary?
Friday July 03, 2009

Despite some rocky months in the real estate market, Canadians have not become disgusted or disenchanted with home ownership. That’s the conclusion of a study commissioned by Genworth Financial Canada. The national survey, conducted this spring by Environics Research Group, asked if owning
Pace of decline slows
Monday June 29, 2009

The temperature has been very hot heading toward the Canada Day holiday. Home prices published this week by the Teranet-National Bank House Price Index for April, though, are a little cooler. The report noted that prices in Toronto were down 7.6% compared with a year earlier and also slipped 0.6%
Central banks to take off ‘training wheels'
Friday June 26, 2009

The U.S. Federal Reserve and the Bank of Canada are preparing to scale back the emergency lending programs they put in place to help the financial system as markets stabilize and banks find their feet. Both central banks said Thursday that they would extend some lending programs that major banks
U.S. data signals a slow economic recovery
Wednesday June 24, 2009

WASHINGTON -- Sales of previously owned U.S. homes rose for a second straight month in May but were weaker than expected, adding to growing fears of an anemic economic recovery from a deep recession. The chief economist of the National Association of Realtors, which released the data Tuesday, said
Homebuyers come out of hibernation
Tuesday June 23, 2009

5 THINGS YOU SHOULD KNOW ABOUT: THE REAL ESTATE MARKET Toronto's real estate market has rebounded from dismal record lows, according to the Toronto Real Estate Board. House sales rose last month -- up 2% from last May -- for the first time since sales plummeted in the fall. Melissa Leong offers f
Canadian inflation stays up: economist reaction
Thursday June 18, 2009

Canada's headline inflation rate rose by a better-than-expected 0.7% in May, Statistics Canada figures showed Thursday. The gain helped to keep the annual change in consumer prices up, although barely, at 0.1%, down from 0.4% in April. Economists had expected annual inflation to fall. The Bank of Ca
Don't get too euphoric, manager warns
Wednesday June 17, 2009

Going into the second half of 2009 and 2010, Susan Lavigne expects to see a moderate recovery in earnings and some stabilization in both employment numbers and housing prices. However, the director of Canadian equities at Scotia Cassels Investments Counsel Ltd. stresses that the road ahead is far fr
U.S. consumer prices plunge
Wednesday June 17, 2009

U.S. consumer prices edged up in May on higher gasoline prices, but fell over the past 12 months by the most since 1950, in a sign that inflation was no threat for now as the country fights a brutal recession. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 per cent m


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Is your home your sanctuary?
Friday July 03, 2009

Despite some rocky months in the real estate market, Canadians have not become disgusted or disenchanted with home ownership. That’s the conclusion of a study commissioned by Genworth Financial Canada. The national survey, conducted this spring by Environics Research Group, asked if owning
 
Pace of decline slows
Monday June 29, 2009

The temperature has been very hot heading toward the Canada Day holiday. Home prices published this week by the Teranet-National Bank House Price Index for April, though, are a little cooler. The report noted that prices in Toronto were down 7.6% compared with a year earlier and also slipped 0.6%
 
Central banks to take off ‘training wheels'
Friday June 26, 2009

The U.S. Federal Reserve and the Bank of Canada are preparing to scale back the emergency lending programs they put in place to help the financial system as markets stabilize and banks find their feet. Both central banks said Thursday that they would extend some lending programs that major banks
 
U.S. data signals a slow economic recovery
Wednesday June 24, 2009

WASHINGTON -- Sales of previously owned U.S. homes rose for a second straight month in May but were weaker than expected, adding to growing fears of an anemic economic recovery from a deep recession. The chief economist of the National Association of Realtors, which released the data Tuesday, said
 
Homebuyers come out of hibernation
Tuesday June 23, 2009

5 THINGS YOU SHOULD KNOW ABOUT: THE REAL ESTATE MARKET Toronto's real estate market has rebounded from dismal record lows, according to the Toronto Real Estate Board. House sales rose last month -- up 2% from last May -- for the first time since sales plummeted in the fall. Melissa Leong offers f
 
Canadian inflation stays up: economist reaction
Thursday June 18, 2009

Canada's headline inflation rate rose by a better-than-expected 0.7% in May, Statistics Canada figures showed Thursday. The gain helped to keep the annual change in consumer prices up, although barely, at 0.1%, down from 0.4% in April. Economists had expected annual inflation to fall. The Bank of Ca
 
Don't get too euphoric, manager warns
Wednesday June 17, 2009

Going into the second half of 2009 and 2010, Susan Lavigne expects to see a moderate recovery in earnings and some stabilization in both employment numbers and housing prices. However, the director of Canadian equities at Scotia Cassels Investments Counsel Ltd. stresses that the road ahead is far fr
 
U.S. consumer prices plunge
Wednesday June 17, 2009

U.S. consumer prices edged up in May on higher gasoline prices, but fell over the past 12 months by the most since 1950, in a sign that inflation was no threat for now as the country fights a brutal recession. The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 per cent m
 
Home sales surge as prices dip
Tuesday May 19, 2009

Existing-home sales surged in April, a third consecutive monthly increase, which forced the Canadian Real Estate Association yesterday to revise its forecast for a housing market apparently on the rebound. On a seasonally adjusted basis there were 34,838 unit sales last month, an 11.2% increase f
 
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