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By: Gary Parkinson on October 30, 2012

Manitoba drivers should prepare for increases to their car insurance premiums.  The only car insurance provider in the province, Manitoba Public Insurance (MPI), wants to fund infrastructure projects to help reduce accidents on the road.  It says by working with the government on these projects that road safety will improve, and theoretically lower car insurance rates for drivers.

 

By: Cliff Ritter on October 29, 2012

A home’s value can fluctuate depending on who is appraising it, and what the first impression is of the home when an appraiser views it. The best way to either maintain or improve a home’s value is to follow the same guidelines appraisers use when making their judgments.

By: Justin Leung on October 28, 2012

In July, Finance Minister Jim Flaherty took steps to cool Canada’s overheated housing market by lowering the maximum length of a government insured mortgage from 30 years to 25 years.  This was done through the Canadian Mortgage and Housing Corporation (CMHC), in order to prevent more Canadians from acquiring a mortgage that wasn’t affordable.

By: Daniel Rattanamahattana on October 25, 2012

The Bank of Canada once again left the central interest rate at 1 percent, backing off the suggestion that the rate needs to rise soon.  Bank of Canada Governor Mark Carney has been warning Canadians for months not to borrow too much money because as the economy expands, interest rates must also increase.  But that economic expansion has still not happened as Carney and others projected, causing many of his warnings to ring hollow.

 

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By: Gary Parkinson on October 24, 2012

Canadian home prices have begun their descent as Canada’s housing market shows signs of cooling off.  According to information from the Teranet-National Bank Composite House Price Index, referred to as HPI, home prices declined approximately 0.35 percent in September from their August levels.

By: Gary Parkinson on October 23, 2012

The Bank of Canada has been signaling for the better part of a year that interest rates must inevitably rise.  However, Bank Governor Mark Carney announced today that once again Canada’s central benchmark rate would remain at 1 percent due to continued weakness in the global economy. 

 

By: Cliff Ritter on October 22, 2012

Investing in a house not only means having a place to call home, but also means making upgrades to improve its look, feel, and flow as well as increase its value in case you choose to sell.  Across Canada homeowners are choosing to make additions to their homes, and finding ways to “go green” in the process by replacing windows and doors with energy-conserving frames and materials.

By: Daniel Rattanamahattana on October 21, 2012

It goes without saying that a home is likely the most important purchase a person will make in his or her life; A home is an asset, and as a result, homeowners need to protect that asset while at the same time trying to build on the value they paid for it; When Canadians buy a home, a large part of protecting it is acquiring the proper home insurance.

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