Mortgage news

CONDOS AT A 'BOILING POINT' AS SUPPLY TO ECLIPSE DEMAND
Wednesday, May 16, 2012
Condos at a ‘boiling point’ as supply to eclipse demand? Michael Babad Globe and Mail Update Published Friday, May. 11, 2012 5:46PM EDT Last updated Friday, May. 11, 2012 7:16PM EDT     As The Globe and Mail's Bertrand Marotte, Jacqueline Nelson and Richard Blackwell reported, the construction industry continued to make gains in April as housing starts climbed to an annual pace of 244,900. Driving the increase, Canada Mortgage and Housing Corp. reported,...Read More
CANADIAN ECONOMIC RECOVERY WILL BE 'LUMPY', SAYS FLAHERTY
Wednesday, May 16, 2012
Canadian economic recovery will be ‘lumpy’, says Flaherty   OTTAWA — A recent Canadian jobs report was promising but the country’s economic recovery is set to be uneven, Finance Minister Jim Flaherty said on Tuesday.   Canada added 58,200 new jobs in April after a big gain of 82,300 in March, according to Statistics Canada.   “The job numbers are encouraging. I’m always cautious about monthly job numbers. It’s been two good...Read More