Posts tagged as:

U.S.

Just how big a problem are subprime mortgages in Canada?

March 14, 2009

A story titled, “Canada’s dirty subprime secret,” appears in today’s Globe and Mail and claims that Canadian leaders are simply wrong about the extent to which the subprime mortgage mess will affect Canadians. According to the Globe’s report, it’s a bigger problem than we might have expected and its effects are already being felt in [...]

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Saskatoon housing affordability deteriorated again in 2008: Demographia

January 31, 2009

Some call it a report on the obvious, while others see it as big news.
No matter how you view the Frontier Centre for Public Policy’s International Housing Affordability Survey, you’d be hard pressed to make a convincing argument that housing affordability hasn’t suffered a serious blow in Saskatoon over the past couple of years. In [...]

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U.S. resale housing market posts some hopeful gains

October 25, 2008

Amidst a backdrop of crumbling credit markets and stock indices desperately looking for the bottom, the U.S. resale housing market showed some promising signs in September as existing home sales rose 5.4% over August and posted their first year-over-year gain in three long years. Nationwide, home sales rose 1.4% in September over the previous year.
The [...]

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U.S. Federal Reserve to tighten lending rules

July 13, 2008

CNN: The Federal Reserve is expected to overhaul lending rules on Monday in an effort to prevent another mortgage crisis.
Good idea Ben! It would be foolhardy to encourage a second mortgage crisis while you’re busy dealing with the first one.
I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is [...]

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Canadians bullish on Phoenix real estate

June 29, 2008

Jason Warick wrote a story in the June 26 edition of the Saskatoon Star Phoenix titled, ”Sask. residents find Arizona opportunity.”

“The strong Canadian dollar, combined with rock-bottom prices for real estate in many cities such as Phoenix, means Canadians can snap up vacation homes or investment properties for less than half of the price [...]

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U.S. foreclosure rates see massive jump and worst not yet over

April 29, 2008

CNN Money is reporting today that the U.S. home foreclosure rate “spiked 112%” in early 2008, and the worst of it likely isn’t over, as some $362 billion dollars worth of adjustable rate mortgages will “reset” this year.
More than 155,000 families have already lost their homes this year. Approximately 1 in 194 U.S. households have [...]

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