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January 2013 National Archive

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January 2013

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Mortgage News & Press Releases - January 2013

  • CIBC Poll: New Year, Same Plan - Pay Down Debt
    TORONTO, Ontario, January 02, 2013 — Canadians have named paying down debt as their top financial priority entering 2013 - the third year in a row that debt has topped the list of financial priorities across the nation.  The annual poll conducted for CIBC by Harris/Decima also shows that retirement planning has fallen out of the top three priorities nationally, as age groups …
  • Toronto's multi-channel economic engine once again tops the nation in CIBC ...
    TORONTO, Ontario, January 03, 2013 — For the second year running, Toronto has taken the top spot among the country's major cities in CIBC World Markets' latest Canadian Metropolitan Economic Activity Index rankings. "What's so impressive about Toronto's performance is that the city has topped our ranking for more than a year," says CIBC Deputy Chief Economist Benjamin Tal in his latest …
  • GTA REALTORS® Release Monthly Resale Housing Figures
    TORONTO, Ontario, January 04, 2013 — Greater Toronto Area REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – down from 89,096 transactions in 2011. “The number of transactions in 2012 was quite strong from a historic perspective. We saw strong …
  • Brief, Mild Correction Forecast for Canada's Housing Market in First Half of ...
    TORONTO, Ontario, January 08, 2013 — The Royal LePage House Price Survey and Market Survey Forecast released today showed the average price of a home in Canada increased year-over-year between 2.0 and 4.0 per cent in the fourth quarter of 2012. Compared to 2012, fewer homes are expected to trade hands in the first half of 2013, which should slow the pace at which home prices are rising. …
  • December 2012 Housing Starts in Canada
    OTTAWA, Ontario, January 09, 2013 — Housing starts in Canada were trending at 212,282 units in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) 1 of housing starts. The standalone monthly SAAR was 197,976 units in December, down slightly from 201,376 in November. …
  • Central Bank Policy Guidance May Be Most Useful in Extraordinary Times, Says ...
    TORONTO, Ontario, January 11, 2013 — While transparency is critical to well-functioning capital markets and effective monetary policy, forward policy guidance is best used sparingly by central banks in normal times, Bank of Canada Governor Mark Carney said today. In a speech to the Toronto CFA Society, the Governor discussed where policy guidance can be most effective and when it may be …
  • Bank of Canada maintains overnight rate target at 1 per cent
    OTTAWA, Ontario, January 23, 2013 — 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 economic outlook is slightly weaker than the Bank had projected in its October Monetary Policy Report (MPR). At the same time, global tail risks have …


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