As the year of 2013 quickly winds down, giving entrance to a brand new 2014, I would first off like to thank all those clients, colleagues, associates, & partnership affiliates alike for all the support giving to us over 2013, (and the many years prior), we are very grateful for the opportunity to work (...)
The Financial Post released an article today, based on excerpts created by Stanley H Hartt, Counsel, and a former Chairman of Macquarie Capital Markets Ltd. and Citigroup Global Markets Canada Inc. from a December issue of Inside Policy, the magazine of the Macdonald-Laurier Institute. In this Article Mr. Hartt discusses previous methods of privatizing Federal (...)
Today, The Canadian Real Estate Association(CREA) released an Resale Housing Market Update designed to append and assist in generating forecasts for homes sales activity in the country. For the most part the part the announcement reflected stronger than expected activity across much of the country, especially during the summer months, which where partly contributed to consumers (...)
Finance Minister, Minister Jim Flaherty vowed on Friday December 6th, 2013 to take additional measures if a reduction in the amount of government insurance on mortgages is needed. “additional” meaning the added to or on top of the two sets of changes that were made to CMHC policies already,that included a reduction in maximum amortizations, (...)
November Numbers seems to show a robust Toronto Real estate market, as home resales numbers were 6391 for the month of november.This represents a rise of 14% from a year ago. New listing were down 4.4% year over year and total listing in toronto are 12% lower than November of 2012. TREB President Diane Usher (...)
The Bank Of Canada announced on Wednesday November 4th, 2013 that they intend to try and keep targets for a continued overnight rate of 1%. Indications from the announcement cited the expansion rate of the global economy as a whole has been a modest one, within the Bank of Canada’s expectations, with further belief that (...)
Employment data was Released by Statistics Canada on Friday December 6th, 2013. It showed 21,600 jobs were created in November, which was in contrast to the estimated 12,500 jobs that economists had expected. The unemployment rate remains at 6.9% for the third straight month. This brings the total job creation numbers over the last 11 months (...)
Obsidian Mortgage Corporation will be offering its financing services at the Brick, located on 19 William Kitchen Road, Scarborough, Ontario (Located near Kennedy and the 401.) during the Labour day weekend. Please feel free to stop over and say hello, and/or bring your financial questions, or inquiries to Suganthan, and Obsidian Mortgage Corporation Team.