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Ottawa Rethinks Mortgage RulesKEVIN CARMICHAEL Globe and Mail UpdateJuly 9, 2008 at 6:07 PM EDTOTTAWA — The federal government, fearful of a U.S.-style housing bubble, has pledged steps aimed at keeping riskier borrowers in their rental units and away from homes they probably can't afford. Canada's housing agency will no longer be ...

Big banks move to boost their mortgage rates by as much as 85 basis points  TORONTO — Bank of Montreal (TSX:BMO) is hiking its residential mortgage rates by up to 85 basis points, joining Royal Bank (TSX:RY), TD Canada Trust (TSX:TD) and CIBC (TSX:CM) in increasing the cost of borrowing to buy a home. The increases follow the Bank of ...

End of Wall Street as we know itFinancial firms have relied on a highly flawed business model for years. The time has come to fix it.(Fortune) -- Until the recent tempest, Wall Street firms looked like just about the world's best businesses. Year after year, they posted sumptuous returns on equity, ever-rising share prices, and if you believed ...

NORTH AMERICAN & INTERNATIONAL ECONOMIC HIGHLIGHTS The subprime mortgage default swap market may be pricing in a darker picture than the one likely to emerge, but that will not help the valuations of American financial institutions in the coming months. An unprecedented drop in house prices and the resulting surge in negative equity ...

  Trouble ahead? Will the US economy impact our real estate market? The downturn in the US economy has some Metro Vancouver home owners and home buyers worried and asking, “Could it happen here?” The US situation Right now in the US, a combination of a housing slowdown and a credit crisis are heightening recession fears and ...

Thanks again to CTV's Olsen On Your Side" for this informative viseo clip. click on image. For more information on how NOT to become "House Rich - Mortgage Poor", contact HudsonHomeTeam.com 778-869-7653  

More good information from "Olsen On Your Side" Click on Photo.    For more information on the Metro Vancouver Real Estate climate, or to consult on your specific needs, contact www.HudsonHomeTeam.com 778-869-7653  

The U.S. subprime mortgage meltdownWill it spread to Canada? Angela and Tim Sneary and a couple of their dogs stand in the driveway of their home in Thornton, Colo., on Feb. 21, 2007. Their financial problems have resulted in foreclosure on the house by their subprime mortgage lender. (AP Photo/Ed Andrieski) Would you like a mortgage that lends ...

Courtesy of CTV9.CA  Olsen on U.S. real estate pricesInvesting in US Real Estate   Cold winters have you wanting to head south? Some investors are downsizing here to take advantage of the US real estate meltdown in some hot locations.   David Russell lives in a spectacular Vancouver penthouse condo. It has a multi-million ...

Housing sales continue to rise in November  (courtesy Realtylink.org) Vancouver, B.C. December 4, 2007 – The Real Estate Board of Greater Vancouver (REBGV) reports that total residential sales reached 2,883 units in November 2007, an increase of 22.2 per cent compared to 2,358 sales in November 2006, and a 1.9 per cent decrease compared ...