Blog by The Schacter Team

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Economy off to a roaring start in 2010, GDP records highest gain in three years

March 31st, 2010

By: Julian Beltrame, THE CANADIAN PRESS

OTTAWA - The Canadian economy burst out of the gate in January with its strongest performance in three years, carrying with it implications for everything from interest rates to government deficits.

The country's gross domestic product, the broadest measure of economic activity, advanced a better-than-expected 0.6 per cent in the first month of the y ...

Housing struggles

March 31st, 2010

Developers turn back on need for affordable units

 
 
 

The need for affordable housing in Canada is being ignored by developers and largely left to governments, those least able to do the job effectively, according to a Conference Board of Canada study released Tuesday.

The report, titled Building From the Ground Up: Enhancing Affordable Housing in Canada, s ...

Consumers might have loophole in new federal mortgage rules

March 31st, 2010

How rate is calculated will be key to qualifying

 
 
 

There is a small loophole in the new federal mortgage rules that could make it easier for the banks to loan out money to first-time buyers.

The federal government announced last month new requirements for anyone borrowing money for a house and needing mortgage insurance. If you have less th ...

Canadian mortgage rates start climbing

March 30th, 2010
 

Mortgage rates are on the upswing in Canada, signalling an end to historically low rates and an indication that the country's housing market is poised to cool off.

Royal Bank, TD Canada Trust and Laurentian Bank announced Monday they are raising rates on certain fixed mortgages, including the benchmark five-year mortgag ...

HST a factor in price paid for resale homes

March 30th, 2010

Costs will increase for realtors' fees, inspections, experts say

 
 
 

While the harmonized sales tax (HST) doesn't directly apply to the selling price of a resale home as it does with new homes, that doesn't mean buyers of resale homes are completely off the hook for the new tax.

According to industry and tax experts, the homebuyer and seller ...

Mortgage rates creep up as RBC, TD get ball rolling

March 30th, 2010

Move will make hot housing market less appealing to buyers who could only afford to pay rock-bottom rates

 
 
 

For Canadians now accustomed to rock-bottom mortgage rates, a harsh reality looms.

Rates are officially on the upswing, an indication the country's housing market is finally poised to cool off, and the beginning of the end to histori ...

53 15233 34TH Ave, South Surrey White Rock, British Columbia

March 26th, 2010

I just sold this Townhouse at 53 15233 34TH Ave, South Surrey White Rock, British Columbia .

View this recently sold Townhouse or see all my home sales

2269 Mills RD, Victoria, BC

March 25th, 2010

I just finished uploading this Bare Land for sale, 2269 Mills RD, Victoria, BC

House prices causing stress

March 25th, 2010
 
 

A pair of surveys on housing prices released Wednesday show that many Canadians are worried about rising prices and interest rates, but that is not stopping many from entering the housing market sooner, or taking on more debt than they want to.

According to a new BMO survey conducted by Harris-Decima, 71 per cent of current and future ...

21271 83RD Ave, Langley, British Columbia

March 25th, 2010

I just sold this House at 21271 83RD Ave, Langley, British Columbia .

View this recently sold House or see all my home sales

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