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by Jeremy
I came across this interesting post earlier this morning by Pacifica Partners Inc. suggesting Calgary is ‘Severely Overbuilt’ and thought I’d share it with you. “In all major Canadian housing markets housing capacity growth has exceeded population increases between 2001 and Sept 2012. Calgary, Edmonton, Ottawa, Montreal and Halifax are what we would consider to be “severely overbuilt” with excess housing capacity of 50% or more than population growth over the same period. Vancouver, Toronto, and Winnipeg, are “overbuilt” with excess housing capacity 20% more than population growth over the examined period”. “Housing capacity is defined as the number of individuals that can be reasonably…
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Good Debt vs. Bad Debt – What’s the Difference? More and more Canadian consumers are getting swallowed up…
Posted by Jeremy
I had to laugh when I read an article titled BoC’s interest rate warnings drove homeowners to lock…
Posted by Jeremy
With articles being published suggesting the “Great Canadian Borrowing Binge is Winding Down” and another “Average consumer debt…
Posted by Jeremy
I came across an excellent post earlier this morning and had to share. My favorite sentence “When you…
Posted by Jeremy
How Obama’s re-election and the fiscal cliff could impact real estate and mortgage rates. Now that Barack Obama…
Posted by Jeremy
I read an article yesterday about windowless bedrooms and how they don’t pose a safety threat. “Windowless bedrooms…
Posted by Jeremy
The Bank of Canada remains committed to the status quo as global headwinds continue to restrain economic activity.…
Posted by Jeremy
Lets take a person earning $60,000, no debt and a credit score less than 680. Today this person…
Posted by Jeremy
Why it pays to do your homework before you get a mortgage. Aside from being the biggest financial…
Posted by Jeremy
And so it begins… Effective September 4, 2012 National Bank is implementing the new Home Equity Line of…
Posted by Jeremy
Canada’s banking system has been the subject of international praise from economists grappling with global turmoil, but one…
Posted by Jeremy
My friend Nathan is a tax accountant and he is great at looking at things objectively. Last week…
