The CAAMP Foundation and Canada Credit are joining forces to help increase financial literacy for Canadian home buyers. By providing more resources Canadians will be empowered to make more informed decisions and better financial choices.
The CAAMP Foundation and Canada Credit are joining forces to help increase financial literacy for Canadian home buyers. By providing more resources Canadians will be empowered to make more informed decisions and better financial choices.
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According to the Canada Mortgage and Housing Corporation housing starts fell in May to 189,100 units down from 201,800 units in April. The biggest decreases were seen in the prairie regions where urban starts decreased 21.8%, conversely starts increased 23.3% in Atlantic Canada.
With an aging population one of the most difficult challenges we face in the future will be caring for seniors. Many seniors live longer and happier lives when they are able to stay in their own homes. Community Care Access Centres can help provide the in home care that may be required in many situations. For seniors on a low income who have difficulty and need minor changes the CMHC-Home Adaptations for Seniors Independence program may help.
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As expected the Bank of Canada raised its key lending rate by 1/4 of a percent today. The move represents the first increase since July of 2007, since than rates have been steadily falling. Earlier in the year the Bank of Canada had indicated that the era of record low Canadian interest rates was over and that Canadians should prepare for higher interest rates in the future.
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