The housing market has dominated the headlines over the past years. Rumors of rate hikes have never materialized. The market didn’t crash. Prices continue to increase in large urban centers. Despite the most recent recession, Canada’s housing market soldiers on and is still at the core of media commentary and policy revisions.
Since 2011 we have seen changes come into effect to restrict mortgage lending in Canada, and those changes continue today – all in an effort to curb the market.
The housing market continues to be a vital component to the success of the Canadian economy as it has….Read More
Have You Ever checked your credit report for mistakes?
Mistakes on credit reports resulting in false credit scores can cost consumers thousands of dollars. An investigation by CBC News a few years ago found that credit reporting errors have not only prevented consumers from getting loans, lines of credit and credit cards, but consumers are charged higher interest rates. Many people have collections recorded on their credit reports without their knowledge and only find out when they apply for some type of financing. How can this happen?… Read more…
The outlook for the Canadian economy in 2015 in general is looking rosy. As you know, we are, for the most part, influenced by the U.S. economy. Economic recovery in the US is growing at the consumer level and demand for goods will pull many other countries along with it, including Canada.
Since important sectors of the Canadian economy are connected to activity in the oil patch, and oil prices have fallen sharply, the Bank of Canada and economists are weighing the potential risks to Canada’s growth this year. The recent plunge in oil prices may temper activity in housing next year, especially in western provinces….Read more