February 2010 - Posts

MORTGAGE NEWS. February 2010
23 February 10 01:10 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 1 Comments   

The average Canadian's debt-to-income ratio amounted to 145% after the home prices hiked five times, the average persons' after-tax income. The report from Vanier Institute said that the mortgage arrears were up by 50%, although the absolute number Read More...

Filed under: Real Estate, Canadian real estate, TORONTO REAL ESTATE BUYERS AND SELLERS, Toronto real estate, TIPS FOR ONTARIO, Ontario real estate, housingl, GTA housing market update, Canada housing statistics, Toronto real estate market

Toronto real estate. Bank of Canada keeps rates the same...again
02 February 10 12:55 AM | Alexandre Malkhassiants, Salesperson, Anna Falile | 0 Comments   

Once again, the Bank of Canada announced it would keep the key interest rate at a record-low 0.25 per cent to achieve its inflation target of two per cent. While the Bank said economic growth in Canada resumed in the third quarter of 2009 and there has Read More...

Filed under: real estate market, Canadian real estate, mortgage, ontario mortgage