Blog by Micah Verceles
Vancouver housing market shows signs of improvement
April 26th, 2013Sandra Wyant has come across tantalizing clues that she believes point to a gradual turnaround in Vancouver’s tepid housing market.
The new president of the Real Estate Board of Greater Vancouver sees modest but encouraging signs of a stalemate easing between buyers and sellers. Sales volume in the Vancouver region fell 18.3 per cent in March, compared with the same month in 2012, but ther ...
How an obscure budget change could raise mortgage rates
April 24th, 2013
The acronym “ABCP” doesn’t come to mind when people go mortgage shopping. But if you get a new mortgage in the next few years, it could very well affect your interest rate.
ABCP stands for asset backed commercial paper. It’s used by a handful of non-bank lenders to raise capital for mortgage lending. ABCP got a bad name when it froze up on investors during the credit crunch of 2007-2008. T ...
Bank of Canada holds rates: What the analysts say
April 18th, 2013Bank of Canada holds rate steady, but chops growth forecast
April 17th, 2013
OTTAWA — Canada’s economic fate could rest strongly on our neighbours to the south, just as long as the crisis in Europe remains contained.
The Bank of Canada is putting stock in a modest recovery in the United States to lift exports and investment in th ...
Scotiabank CEO to Flaherty: Stop meddling in the mortgage market
April 12th, 2013Finance Minister Jim Flaherty shouldn’t interfere with mortgage pricing set by the country’s lenders, Bank of Nova Scotia Chief Executive Offi ...