Interest rate forecast for January 2014

Little change to the interest rate forecast is expected but five-year fixed mortgage rates should fall slightly

Interest rate forecast for January 2014VANCOUVER, BC, Jan 4, 2014/ Troy Media/ - A positive stream of economic data and political news out of the U.S. provided a relatively upbeat picture for the broader economy in December and greater optimism for 2014. The U.S. data flow remained positive in December, pointing to a relatively solid finish to 2013. Third quarter…

Thank exports for any improvement in Canada’s economic performance in 2014

But the signs are definitely mixed

Thank exports for any improvement in Canada’s economic performance in 2014VANCOUVER, BC, Jan 3, 2014/ Troy Media/ - After a generally lacklustre 2013, what are the prospects for Canada’s economy in the coming year? As 2014 gets under way, the signs are mixed. In the plus column are accelerating U.S. economic growth, continued low interest rates, and the positive impact of the weaker Loonie on…

Ontario’s housing outlook for 2013 to 2015

Ontario’s housing outlook for 2013 to 2015January 17, 2013 TORONTO, ON, Jan. 17, 2013/ Troy Media/ - Tempered housing activity in Ontario will continue through 2013 and 2014 due to a slower growth economy and federal government efforts to rein in household debt and to mitigate the potential for a housing bubble. Prices, while varying across the province, are forecast to…

Tighter mortgage insurance rules hitting home sales hard

Tighter mortgage insurance rules hitting home sales hardJanuary 16, 2013 CALGARY, AB, Jan. 16, 2013/ Troy Media/ - Monthly home sales activity dropped precipitously in the second half of 2012, and you can blame it mostly on the government's tightening of mortgage insurance requirements. While it's likely that recalcitrant sellers will manage to keep prices from correcting too much, it's unlikely the…
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