Recent Posts

Here's a good article from the Ottawa Citizen, by John Morrissy: Canada's housing market showed signs of life in February after months of declines, with resales rising 8.6 per cent from January thanks to lower mortgage rates and prices, the Canadian...

New construction in Ottawa fell 57% in February due to the economic downturn. The Canada Mortgage and Housing Corp. stated that work was started on 137 units this year compared with 317 units in February 2008. There were no construction starts in apartment...

By Garry Marr, Financial Post with files from Bert Hill Canada Mortgage and Housing Corp. says the downturn in the economy will drive home construction to a nine-year low in 2009, a marked decline from the Crown corporation's November forecast. But...

Ontario's governement introduced what they call the "Green Energy Act" today. Part of this plan calls for homeowners to obtain an energy audit before they put their house up for sale. So far, we don't know when this audit will be mandatory....

Market Comment Here is a summary by Lynn Fraser of Mortgage Intelligence, whom I personally endorse. Long term rates have dropped to hit 50 year lows with several lenders in the 4.29-4.39% range on 5 year funds. Variable rate mortgages are running around...