Could the market be due for a 25 per cent crash? Today’s report by Capital Economics certainly points to that direction. Released just a day after RBC’s statement that Toronto – one of Canada’s biggest markets – is not in a bubble, today’s statement has economists and home buyers alike wondering: what’s in store for home prices?
Welcome to life post-grad – and the Canadian job market. The time has come to put those hard-earned smarts to work – and start to receive a pay cheque. But what chance do new job seekers have given the current state of the global and national economy – and the seeming scarcity of entry-level positions? The trick is knowing where to look. Some Canadian sectors are seeing a resurgence – and in some provinces, the more, the merrier.
Jim Flaherty’s new rule announcement for amortizations and refinancing has left a lot of Canadians puzzled this morning – what will this mean for those already in government-backed plus-25-year mortgages? And is there a silver lining when it comes to mortgage interest paid over time?
Kicking off our Regional Real Estate series, we check in with Calgary, Canada’s fourth largest city. Boasting a strong economy fueled by the oil and gas sector and a solid employment rate, it’s safe to say Calgarians are looking to buy, buy, buy. With the city implementing a less-sprawl strategy, and renewed focus on entry-level offerings, things are looking rosy in the wild west.
Spain is the latest EU nation to be bailed out – to the tune of 100 billion Euros. While the news caused an increase in investor confidence, what are the implications of such a move for the European economy – and Canada’s as well? Is this a signal that Europe’s financial woes should be increasingly considered a “global problem”?
May’s been a busy month for Government of Canada 5 Year Benchmark Bond Yields – they’re currently sitting at the lowest rate in 4 months! Why all the activity? Global markets are the main factor behind these levels. As uncertainty continues to plague global economic markets, both Canadian and international investors are turning to the resilient Canadian marketplace – and Government-backed bonds.
Greece is becoming that annoying relative that just won’t go away. You know the cousin that comes to stay for a few weeks until they “get on their feet.” But months later you’re still waiting for the bathroom in the morning because they’re in the shower. Greece is Germany’s destitute cousin and German Chancellor Angela Merkel must have real patience to wait day after day to see if all the efforts to help her poor cousin Greece will pay off.
It’s good to be Canadian. While the U.S. housing market crumbled – to a certain degree bringing the global economy along with it, after some slight hiccups, the real estate markets in most Canadian cities have continued a slow and even climb. But only a fool would think that the Canadian economy is not heavily influenced by events in the U.S. and Europe. Here, we review what various economic soothsayers from around the world predict 2012 will have in store for the global economy.
Are you worried about your job security and well-being? You should be because no one else is. The increased pressure corporations are under to produce and perform with less staff, is creating a nation of exhausted employees saddled with to much work. Is it fair? No. Can we do something about it? Absolutely.
Let’s just imagine the world had let Greece default in May 2010, when the near bankrupt nation first needed money. Would the world economies have collapsed? …Probably not. Would we be in a deep global recession? …Well, we kind of are. By delaying its default the problem is getting worse. How is it that the E.U. can’t figure that out? I’ll give you three reasons.