Blog by Shaun Kimmins

< Previous

Good News - Interest Rate Cuts

November 28th, 2008

Banks' mortgage rate cuts add to housing affordability

Eric Beauchesne, Canwest News Service  Published: Thursday, November 27, 2008

The recent fall in housing prices in Canada has made home ownership more affordable, and broad-based cuts to mortgage rates announced by Canada's major banks yesterday will help even more.

The Quebec-based Desjardins Group said that its index of ...

Listing Inventory Update Nov 24 2008

November 24th, 2008

Coal Harbour Listing Inventory Update

Summary - Listings Pile up, sales slow, rental market softens

Active Listings: 268

Sold last 30 days: 5

Month's of inventory at 30-day sales rate: 54

Result: Downward price pressure

Cause: Original owners/investors/prospectors attempting to cash in en masse.

By-product: Many would be sellers begining to turn to rental market ...

Listing Inventory Update Nov 24 2008

November 24th, 2008

Coal Harbour Listing Inventory Update

Summary - Listings Pile up, sales slow, rental market softens

Active Listings: 268

Sold last 30 days: 5

Month's of inventory at 30-day sales rate: 54

Result: Downward price pressure

Cause: Original owners/investors/prospectors attempting to cash in en masse.

By-product: Many would be sellers begining to turn to rental market ...

Listing Inventory Update Nov 24 2008

November 24th, 2008

Coal Harbour Listing Inventory Update

Summary - Listings Pile up, sales slow, rental market softens

Active Listings: 268

Sold last 30 days: 5

Month's of inventory at 30-day sales rate: 54

Result: Downward price pressure

Cause: Original owners/investors/prospectors attempting to cash in en masse.

By-product: Many would be sellers begining to turn to rental market ...

Listing Inventory Update Nov 24 2008

November 24th, 2008

Summary - Listings Pile up, sales slow, rental market softens

Coal Harbour

Active Listings: 268

Sold last 30 days: 5

Month's of inventory at 30-day sales rate: 54

Result: Downward price pressure

Cause: Original owners/investors/prospectors attempting to cash in en masse.

By-product: Many would be sellers are beginning to turn to the rental market ...

Canadian $ Appreciates

November 24th, 2008

Canada’s Dollar Appreciates for Second Day as Stocks, Oil Climb

By Chris Fournier

Nov. 24 (Bloomberg) -- Canada’s currency strengthened for a second day after global stocks gained, buoyed by a bailout of Citigroup Inc. and speculation that governments will stimulate faltering economies.

“The stock market obviously likes the Citibank bailout,” said Aaron Fennell, a ...

Citi Group receives early Christmas present

November 24th, 2008

U.S. bails out Citi with $20 billion capital, guarantees

By Dan Wilchins and Jonathan Stempel

NEW YORK (Reuters) - The U.S. government moved to bail out Citigroup Inc, agreeing to shoulder most potential losses from $306 billion of its toxic assets and inject $20 billion of new capital, its biggest effort yet to prevent a big bank from failing.

The bailout, announced on Sunday, ...

Consumer Confidence hits the skids

November 24th, 2008

Canada consumer confidence lowest since 1982

TORONTO, Nov 24 (Reuters) - Consumer confidence in Canada dropped further in November to a fresh 26-year low as global economic turmoil intensified, the Conference Board of Canada said on Monday.

The report comes a day after Canada's Conservative government conceded for the first time that the country may be in a technical recession. ...

Are Real Estate prices falling as much as the headlines suggest?

November 13th, 2008

Canada's Real Estate market falling dramatically or just dramatic headlines?

House prices in Canada are falling. But looking simply at the headline numbers can be very misleading. At a risk of being a bit technical, we will note that the headline numbers reflect a current weighting for each city, which leads to a significant bias to the overall average price since dramatic changes in the ...

Canadian Banks get help

November 13th, 2008

Ottawa bows to banks to keep credit flowing

Triples spending on mortgage purchases; Cuts price of loan insurance; Boosts business borrowing; Creates new lending office

From Thursday's Globe and Mail

Pressure from Canada's big ...