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March 2010 National Archive

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Mortgage News & Press Releases - March 2010

  • RBC Canadian Consumer Outlook Index rises in February as Canadians feel more ...
    TORONTO, Ontario, March 01, 2010 — The February RBC Canadian Consumer Outlook Index rose three points to 109 from 106 in January, as consumers were more positive about their outlook for the Canadian economy. This is the highest level the index has reached since it was established in November 2009. Canadians remain divided when considering the overall state of the economy. However, the …
  • Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates ...
    OTTAWA, Ontario, March 02, 2010 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. The ongoing global economic recovery is being driven largely by strong domestic demand growth in many emerging-market economies and supported in advanced economies …
  • Housing Activity Stronger in 2010
    OTTAWA, Ontario, March 02, 2010 — Housing starts rebounded in the second half of 2009 and will strengthen in 2010, according to Canada Mortgage and Housing Corporation’s first quarter Housing Market Outlook, Canada Edition*. Following a total of 149,081 units in 2009, housing starts are expected to be in the range of 152,000 to 189,300 units in 2010, with a point forecast of …
  • February Housing Starts
    OTTAWA, Ontario, March 08, 2010 — The seasonally adjusted annual rate 1 of housing starts reached 196,700 units in February 2010. This is an increase from an annual rate of 185,400 units in January 2010, according to Canada Mortgage and Housing Corporation (CMHC). “The gain in February housing starts was concentrated in the multiple starts segment, particularly in Toronto,” …
  • Home purchase intentions full steam ahead: RBC poll
    TORONTO, Ontario, March 08, 2010 — Homebuying momentum in Canada continues to gain steam with the portion of Canadians who are very likely to purchase a home in the next two years rising to 10 per cent from seven per cent two years ago, according to the 17th Annual RBC Homeownership Study. Younger Canadians, aged 18 to 24, will lead the charge this year, with those very likely to buy …
  • Canada's economy shifts into recovery mode: RBC Economics
    Increased domestic spending and improved credit markets expected to fuel economic growth in 2010 and 2011 TORONTO, Ontario, March 11, 2010 — With a peak in stimulus investment, improved credit markets and a recovery in consumer spending, Canada’s economy is poised for real GDP growth of 3.1 per cent, according to a new report by RBC Economics. “An economic recovery is …
  • Minister of Finance to Promote Canada's Competitive Edge to Investors in US, ...
    OTTAWA, Ontario, March 13, 2010 — The Honourable Jim Flaherty, Minister of Finance, will highlight how Canada is leading the way in the global economy during visits to New York, London and Dublin next week. In a series of speeches and face-to-face meetings with business and political leaders, Minister Flaherty will spotlight Canada’s growing competitive advantages: the …
  • Demand and supply coming into balance in resale market
    OTTAWA, Ontario, March 15, 2010 — With rising activity in Toronto offset by lower activity in Vancouver, the number of homes sold through the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards edged lower in February. In recent months, national sales activity has slowed while new listings continue to rise, resulting in a more balanced national resale housing …
  • Canada's housing affordability slips slightly: RBC Economics
    TORONTO, Ontario, March 15, 2010 — Homeownership costs in Canada increased slightly across all housing segments in the closing months of 2009, as rising prices made it more expensive to own a home, according to the latest housing report released today by RBC Economics Research. "While home affordability deteriorated at the national level in the fourth quarter of 2009, the change was …
  • CanEquity Mortgage Seeking In-House Mortgage Consultant in Calgary
    CALGARY, Alberta, March 23, 2010 — The Canadian Equity Group Inc. (CEG) is currently looking for an in-house, Mortgage Associate to work in our head office. The right associate must be capable of closing up to 35 mortgage transactions per calendar month, and have a strong desire to excel and make money. This individual must be an excellent team member with at least two (2) years in the …
  • CanEquity Regional Brokers and Regional Managers Needed
    CALGARY, Alberta, March 23, 2010 — This is a unique chance to join an enormously successful mortgage brokerage group as a regional mortgage broker or manager. Our company boasts an established database of clients and web presence that is second to none in the Canadian market place. The chosen candidates will have an unlimited opportunity to grow the mortgage agent division of our …
  • CanEquity Seeking In-House Bookkeeper/Accounting Technician
    CALGARY, Alberta, March 23, 2010 — CanEquity Mortgage and CanEquity Financial are seeking a motivated, smart and organized bookkeeper/accounting clerk to grow with our company. To start, we require this person to work at least 3 days per week and must have knowledge of the following: Account Payables
  • Northwest Territories Housing Corporation Set to Host Northern Housing Forum, ...
    INUVIK, Nunavut, March 23, 2010 — The Northwest Territories Housing Corporation (NWTHC) is pleased to welcome delegates from around the world to share best practices in circumpolar housing construction at the Northern Housing Forum to be held in Inuvik from March 22 – 25 th, 2010. “The Forum will highlight northern housing research, design, and construction while fostering …
  • Two Imperatives to Secure Strong, Sustainable, and Balanced Economic Growth, ...
    OTTAWA, Ontario, March 24, 2010 — While Canada is a country of immense strengths and considerable resilience, its economy is underperforming relative to its potential, Bank of Canada Governor Mark Carney said today in a speech to the Ottawa Economics Association. "We are not as productive as we could be. Our potential growth is slowing. Moreover, this is occurring as the very nature of …
  • Canadians expecting higher mortgage costs in 2010: RBC poll
    TORONTO, Ontario, March 24, 2010 — According to RBC's 17th Annual Homeownership Survey, 64 per cent of Canadians are expecting mortgage rates to be higher over the next year, with roughly the same number of mortgage holders (66 per cent) concerned about higher rates. "The best advice for concerned homeowners is to review their mortgage holdings with a financial advisor regularly, just …
  • Refunds on Green Home Mortgages Reach $3 Million Milestone
    OTTAWA, Ontario, March 25, 2010 — The Honourable Diane Finley, Minister of Human Resources and Skills Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) announced today that Canadian homeowners have received $3 million in premium refunds through CMHC’s Green Home mortgage insurance program. “This important achievement demonstrates the …
  • Minister of Finance Confirms Intent of Proposed GST Changes Affecting ...
    OTTAWA, Ontario, March 26, 2010 — The Honourable Jim Flaherty, Minister of Finance, today issued a statement to confirm that the December 14, 2009 release, which outlined certain technical proposals with respect to the definition of “financial service” under the Excise Tax Act, was intended to address the uncertainty arising from certain court decisions and not as a change in …
  • Higher interest rates shouldn't scare off equity investors: CIBC World Markets ...
    TORONTO, Ontario, March 29, 2010 — The likelihood of a Bank of Canada rate hike in July should not derail the stock market rally, finds a new report from CIBC World Markets. "Higher interest rates are not yet a reason to hit the sell button," says Chief Economist Avery Shenfeld in the bank's latest Economic Insights report. "History shows that the half-year in the lead-up to the first …
  • Minister of Finance Introduces the Jobs and Economic Growth Act
    OTTAWA, Ontario, March 29, 2010 — The Honourable Jim Flaherty, Minister of Finance, today introduced the Jobs and Economic Growth Act in the House of Commons. This legislation includes key elements of Budget 2010. “Our government is moving to implement the remaining stimulus measures from Canada’s Economic Action Plan to help secure our country’s economic recovery, …

 

 
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