CanEquity Mortgage Canada
Canadian mortgage rates,
mortgage calculator & news.

Canadian Mortgage News

October 2011 National Archive

Related Links:
National Archive
2011 Archive
January 2011
February 2011
March 2011
April 2011
May 2011
June 2011
July 2011
August 2011
September 2011
October 2011
November 2011
December 2011

Page d'accueil français

Mortgage News & Press Releases - October 2011

  • Rate Hikes on Hold until 2013 - BMO Economics
    TORONTO, Ontario, October 04, 2011 — Rate hikes will resume in the first part of 2013 instead of the second half of 2012, according to the “Rates Scenario” report released today by BMO Capital Markets Economics. “As global economic risks have escalated, casting commodity prices and the Canadian dollar much weaker, the Bank of Canada’s diminishing tightening bias …
  • Minister of Finance Introduces the Keeping Canada's Economy & Jobs Growing Act
    OTTAWA, Ontario, October 04, 2011 — The Honourable Jim Flaherty, Minister of Finance, today introduced the Keeping Canada’s Economy & Jobs Growing Act . The legislation includes key elements of the Next Phase of Canada’s Economic Action Plan—A Low-Tax Plan for Jobs and Growth. “Our Government is focused on what matters to Canadians—creating jobs and …
  • Minister of Finance Calls for International Cooperation to Support Global ...
    OTTAWA, Ontario, October 05, 2011 — The Honourable Jim Flaherty, Minister of Finance, today called on governments in both advanced and emerging economies to work together to strengthen market confidence and forge the policies needed to promote and sustain the global recovery. In a keynote address to the Canada-U.S. Securities Markets Summit in New York City, sponsored by the Investment …
  • Canadian House Price Rally Extended as Low Rates and Relatively Stable ...
    TORONTO, Ontario, October 05, 2011 — The Royal LePage House Price Survey released today showed the average price of a home in Canada increased between 5.7 and 7.8 per cent in the third quarter of 2011, compared to the previous year. The strength of home price appreciation in the third quarter defied expectations as very low interest rates buoyed consumer confidence in a comparatively …
  • GTA REALTORS® Report Monthly Resale Housing Figures
    TORONTO, Ontario, October 05, 2011 — Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010. “We have experienced strong growth in …
  • September 2011 Housing Starts
    OTTAWA, Ontario, October 11, 2011 — The seasonally adjusted annual rate 1 of housing starts was 205,900 units in September, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 191,900 units in August 2011. “Housing starts picked up in September due to an increase in multiple starts in the Atlantic region, Quebec and in British Columbia,” said Mathieu …
  • Minister Flaherty to Meet With G-20 Finance Ministers and Central Bank ...
    OTTAWA, Ontario, October 13, 2011 — The Honourable Jim Flaherty, Minister of Finance, will meet with the Group of Twenty (G-20) Finance Ministers and Central Bank Governors in Paris this weekend to discuss actions being taken to address global economic uncertainty. “A strong and coordinated international response continues to be key to addressing the renewed challenges facing the …
  • Canadian home sales pick up in September
    OTTAWA, Ontario, October 17, 2011 — According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity picked up in September 2011. Highlights:
  • Minister of Finance Urges Europe and G-20 to Strengthen Efforts to Protect ...
    OTTAWA, Ontario, October 17, 2011 — The Honourable Jim Flaherty, Minister of Finance, today called on European leaders and the Group of Twenty (G-20) to act quickly, with strong, united and decisive leadership, to effectively address current economic and fiscal challenges. In a speech to the Ireland Canada Business Association in Dublin, Minister Flaherty said, “Events during the …
  • GTA REALTORS® First Glimpse At New MLS® Interface
    TORONTO, Ontario, October 19, 2011 — An advanced new interface to help Greater Toronto REALTORS® gather information for their clients will be unveiled at the Toronto Real Estate Board's Annual General Meeting October 20th. A demonstration, presented by the developer of TREB's MLS® system, will showcase new functionality coming to TorontoMLS in 2012, including the ability to …
  • Bank of Canada maintains overnight rate target at 1 per cent
    OTTAWA, Ontario, October 25, 2011 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s July Monetary Policy Report (MPR) have been …
  • Canada Calls for Decisive Action to Sustain Global Recovery
    TORONTO, Ontario, October 25, 2011 — The Honourable Ted Menzies, Minister of State (Finance), today reiterated the Harper Government’s call for strong, united and decisive leadership, particularly from Europe and the Group of Twenty (G-20) countries, to deliver immediate and credible strategies for strengthening the global recovery. Speaking at the fifth annual meeting of the …


Apply for Mortgage
Canadian Mortgage Rates
Mortgage Payment Calculator
Want to know how a broker or bank decides how much you have to pay for your mortgage? CanEquity has a mortgage calculator that will help you figure it all out. Find more about your mortgage, including the difference between biweekly accelerated payments and monthly payments, amortization periods and interest rates.
Mortgage Calculator
Do you Qualify?
See how much you can save each month by refinancing, or raise your home-buying negotiating power with a mortgage pre-approval. Fill out our concise application and we'll let you know how low your monthly payments can be with our top mortgage rates.

FREE Qualification

FREE Mortgage Qualification Inquiry