Canadian Mortgage News

September 2011 National Archive

Mortgage News & Press Releases - September 2011

• Bank of Canada maintains overnight rate target at 1 per cent
  OTTAWA, Ontario, September 07, 2011 — The global economic outlook has deteriorated in recent weeks as several downside risks to the projection in the Bank’s July Monetary Policy Report (MPR) have been realized. The European sovereign debt crisis has intensified, a broad range of data has signalled slower global growth, and financial market volatility has increased sharply. Recent …
  
• Canada Providing Strong Support for Businesses, Innovators and Entrepreneurs
  AJAX, Ontario, September 12, 2011 — The Honourable Jim Flaherty, Minister of Finance, today highlighted a host of Government of Canada initiatives to support businesses and strengthen their ability to address economic challenges generated outside the country. “This Government appreciates that, like any other engine, the economic engine of the private sector needs the right …
  
• Canada's Economy Hits Choppy Waters but Remains Afloat despite Global ...
  TORONTO, Ontario, September 12, 2011 — RBC Economics downgraded their forecast for the Canadian economy in 2011 after a mild contraction in the second quarter and softer growth in the U.S. and Euro-zone economies. According to the latest RBC Economic Outlook issued today, Canada's real GDP is projected to grow by 2.4 per cent this year - a reduction of 0.8 percentage points from the …
  
• Record prices reported for Ontario farmland as demand and commodities surge, ...
  MISSISSAUGA, Ontario, September 13, 2011 — Rising agricultural commodity values and tight inventory levels have seriously contributed to a significant upswing in the price of Ontario farmland in 2011, according to a report released by RE/MAX Ontario-Atlantic Canada. The RE/MAX Market Trends Report – Farm Edition 2011 found that shortages exist in the vast majority of centres …
  
• Canadian home sales hold steady in August
  OTTAWA, Ontario, September 15, 2011 — OTTAWA – September 15, 2011 – According to statistics1 released today by The Canadian Real Estate Association (CREA), national resale housing activity in August 2011 remained stable for the second consecutive month. Highlights: • Sales activity was stable from July to August, but posted another big year-over-year gain reflecting …
  
• Government of Canada Building a Stronger Economy Through Continuing Commitment ...
  WATERLOO, Ontario, September 16, 2011 — The Honourable Jim Flaherty, Minister of Finance, today highlighted the Government of Canada’s priority to promote innovation, recognizing the crucial role it plays in enhancing the country’s productivity and economic prosperity.  “In 2006, we announced our goal to create the best-educated, most-skilled and most flexible …
  
• Small Business Owners are Investing for Future Growth: RBC Poll
  TORONTO, Ontario, September 19, 2011 — Despite ongoing economic uncertainty, two out of three (66 per cent) Canadian business owners are planning on investing in the their company over the next two years, according to the 2011 RBC Small Business Survey, conducted by Ipsos Reid. This investment will be in areas such as new equipment (37 per cent), new technology (29 per cent), new products …
  
• City Council Being Told to Target Waste, Not Home Buyers
  TORONTO, Ontario, September 19, 2011 — With the City of Toronto's Executive Committee meeting today to consider options for getting the City's finances in order, REALTORS® are joining Torontonians in saying no to the status quo at City Hall. "The time has come for City Council to make the tough decisions so that City Hall lives within its means. City Hall can't continue to saddle …
  
• GTA REALTORS® Release Rental Market Figures
  TORONTO, Ontario, September 19, 2011 — Greater Toronto REALTORS® reported 6,933 apartment lease transactions through the TorontoMLS® system in the May through August 2011 period. This represented an 11 per cent increase compared to the same period in 2010. The number of units listed during the period was also up, but by a lesser rate of four per cent compared to 2010. …
  
• Global Economic Environment Presents Significant Challenges and Opportunities ...
  SAINT JOHN, New Brunswick, September 20, 2011 — Over the summer, the global economic outlook deteriorated, the European sovereign debt crisis intensified, and investor confidence decreased in the ability of policy-makers to respond, Bank of Canada Governor Mark Carney said today. These changes in the global economic environment present both significant challenges and opportunities, the …
  
• Minister Flaherty to Discuss Global Economic Developments at G-20, IMF and ...
  OTTAWA, Ontario, September 22, 2011 — The Honourable Jim Flaherty, Minister of Finance, will be in Washington, DC, today through Saturday, attending meetings of the Group of Twenty (G-20) Finance Ministers and Central Bank Governors, the International Monetary Fund (IMF) and the World Bank. “The economy is our top priority,” said Minister Flaherty. “In meeting with our …
  
• Financial System Reform Initiatives Mark Real Progress, Says Mark Carney, ...
  OTTAWA, Ontario, September 25, 2011 — The G-20’s ambitious program to strengthen the global financial system must address valid concerns, but not be deterred by the fatalism of some critics, Mark Carney, Governor of the Bank of Canada said in a speech today. “The sad experience of the past few years shows that there is ample scope to improve the efficiency and resilience of …
  
• Canada's Real Estate Market Slows While Most International Markets Stumble: ...
  TORONTO, Ontario, September 27, 2011 — The renewed slowdown in global economic activity is putting further downward pressure on already-weak residential property markets across much of the developed world, according to the latest Global Real Estate Trends report released today by Scotia Economics. "In the majority of the major markets we track in North America, Europe and Australasia, …