CALGARY – Calgary’s housing market is quickly heating up again and barring a sudden drop in oil markets, home prices have further to run and homebuilders will get busier in the year ahead, but a throwback to the frenzied pace of the 2006/07 boom is still a stretch, says new report released Friday by BMO Capital Markets.
Read more: http://tinyurl.com/o7w3jta
TORONTO – Longer-term fixed mortgage rates may soon be a better deal than variable rates for homebuyers, according to a new report by BMO Capital Markets.
Read more: http://tinyurl.com/kvb6akq
CALGARY – Calgary has reclaimed its title as the strongest major housing market in the country after correcting several years ago, says a new report released Thursday by BMO Economics.
Read more: http://tinyurl.com/q6e2s9v
TORONTO — The Bank of Canada is likely to start raising its benchmark interest rate in July 2014, a full year before the U.S. Federal Reserve, BMO’s chief economist Douglas Porter said Wednesday.
Read more: http://tinyurl.com/qaegtxy
CALGARY — Thirty-six per cent of wealthy Albertans are women, says a new survey released Thursday by BMO Harris Private Banking.
Read more: http://tinyurl.com/lwo2rqs
CALGARY — More Calgarians are planning to buy a condo in the next five years, says a new BMO Bank of Montreal report released on Thursday.
Read more: http://tinyurl.com/kbae5kg
Economists and policy makers may bemoan Canada’s lagging productivity in such key industries as manufacturing, but a new study says at least one sector is doing things right: agriculture.
Read more: http://tinyurl.com/cglufmr
Canada’s Finance Minister has taken his battle against a housing bubble an extraordinary step further, issuing rare praise for the country’s banks for not matching Bank of Montreal’s cut-rate mortgages, which the lender rolled out a week ago in an attempt to drum up new business.
Read more: http://tinyurl.com/bbdxkzu
Angst over mortgages
I’m no apologist for the banks, but the angst over Bank of Montreal’s cut-rate mortgage seems over the top.
Politicians of every stripe are putting up a rare united front in criticizing the bank for cutting its five-year, fixed-rate mortgage by 10 basis points.
Read more: http://tinyurl.com/bg3wozv
According to a study released today by BMO Financial Group, Albertans are the most likely in Canada to start their own business in retirement.
The survey showed that 53 per cent felt that way.
In Canada, it showed that 39 per cent say that it is likely they will start their own business after they reach retirement age (65 years old). But 81 per cent plan on working in some capacity during their retirement.
Read more: http://tinyurl.com/adea4ow