Warren Buffett, famed American investor and business guru, is coming to the rescue of Home Capital Group Inc., the Canadian alternative mortgage lender that has been in the news for months. Berkshire Hathaway, a subsidiary of Buffett’s company, has indicated it will buy $400 million worth of common shares in Home Capital.
There are fresh international warnings targeting Canada’s housing market. The International Monetary Fund has stated Canada’s market is overheated by 20%, while Stats Can finds average debt levels hit new highs.
The holidays have come and gone, and now we face three long months of Great Canadian Winter. But that doesn’t mean our housing market has undergone a deep freeze; brokers and lenders continue to introduce rates so hot they rival peak-season summer pricing. Read on for the full story, along with the week’s top headlines.
This week in Housing Headlines: A 2015 central rate rise isn’t such a sure thing these days – oil’s slide has mortgage pundits revising their forecasts for the year. Meanwhile, homeowner optimism takes a nosedive. Could the housing market’s bull run finally be out of steam?
There’s just six shopping days left until Christmas – where has the year gone? It seems 2014 has gone by in a flash – but not without plenty of economic ups and downs, especially for home buyers.
A recent CIBC study suggests Canadian mortgage debt isn’t as dire as the Bank of Canada claims – in fact, consumers may be paying their mortgages off faster to the tune of $11 billion nationally. But do these numbers really paint an accurate picture of consumer debt in Canada? Read on for the full story.
Up, down, moderate – according to the media, Canada’s housing market sees more action than a roller coaster. How can readers sift through the misinformation and get to the real message?
We asked: Who are your personal finance favourites? And you absolutely answered! Read on to see who came out on top for personal finance blogs, books, news and more!
What was your favourite mortgage news headline of 2012? Vote now in RateSupermarket.ca’s Best of Finance 2012 awards!
Is it just me, or are finance headlines a little… emotionally unbalanced these days? One day you’ve got dire warnings on debt levels, followed the next by cautiously optimistic hope of economic recovery. It’s no wonder readers are confused. For example, take this gem of a headline, which ran Monday in the Financial Post: Tighter …