The seasonally adjusted annual rate of housing starts was reported as 189,100 units in May, according to Canada Mortgage and Housing Corporation, down from the revised 201,800 units in April.
"Housing starts decreased in both the singles and the multiples segments in May," said Bob Dugan, chief economist at CMHC's market analysis centre. "The decrease in housing starts in May is consistent with our forecast that housing starts for 2010 will reach 182,000 units."
The seasonally adjusted annual rate for urban starts decreased by 9.5 per cent to 165,200 units in May.
Housing starts were previously expected to come in at an annualized rate of 205,000 for May. But the revised number is more in line with Canada's typical household-creation rate of 175,000 a year.
Source: www.mortgagebrokernews.ca
Tuesday, June 8, 2010
Tuesday, June 1, 2010
Vacation Security Tips for Your Home
Here are ten important tips for protecting your
home against break-ins while you’re away on
summer holidays.
1. Stop newspaper, magazine and mail subscriptions.
2. Avoid telling people that you’re going to be away.
3. Don’t change the outgoing message on your voice mail to say that you’re on vacation.
4. Close any blinds or curtains that give outsiders a view into your home.
5. Install timers and program your lights to come on at different times during the evenings.
6. Ask a neighbour or friend to stop by the house to check for flyers, door stuffers and other notices that might accumulate on your front steps.
7. Place a piece of wood or broom handle in the sliding track of doors and windows.
8. Install motion sensor lights in the main access areas to your home.
9. Ask someone to cut your lawn, trim hedges and attend to other maintenance tasks if you plan to be away for an extended period.
10. Let a trusted neighbour or friend know where you will be staying, or give them your mobile telephone number. Also give this number to your alarm company, if you have one, to locate you in an emergency.
It's Your Career - I'm here to Support YOU!
Constantine Isslamow
Broker of Record
Century 21United Realty Inc. Brokerage
Independently Owned and Operated
Friends, followers, and connections are the way of the future.
Twitter / Facebook / LinkedIn
home against break-ins while you’re away on
summer holidays.
1. Stop newspaper, magazine and mail subscriptions.
2. Avoid telling people that you’re going to be away.
3. Don’t change the outgoing message on your voice mail to say that you’re on vacation.
4. Close any blinds or curtains that give outsiders a view into your home.
5. Install timers and program your lights to come on at different times during the evenings.
6. Ask a neighbour or friend to stop by the house to check for flyers, door stuffers and other notices that might accumulate on your front steps.
7. Place a piece of wood or broom handle in the sliding track of doors and windows.
8. Install motion sensor lights in the main access areas to your home.
9. Ask someone to cut your lawn, trim hedges and attend to other maintenance tasks if you plan to be away for an extended period.
10. Let a trusted neighbour or friend know where you will be staying, or give them your mobile telephone number. Also give this number to your alarm company, if you have one, to locate you in an emergency.
It's Your Career - I'm here to Support YOU!
Constantine Isslamow
Broker of Record
Century 21United Realty Inc. Brokerage
Independently Owned and Operated
Friends, followers, and connections are the way of the future.
Twitter / Facebook / LinkedIn
Canada's big five banks post profits
Canada's five biggest banks showed steady profit growth in the second quarter of 2010, to a total of $5.01 billion collectively. The latest quarterly roundup fell slightly short of the $5.09 billion the group made during the first quarter of the year when growth was starting to regain momentum on fewer bad loans and some pickup in mortgages.
On Tuesday, Scotiabank earned record profits at nearly $1.1 billion wrapped up the second-quarter earnings season for Canadian banks with a record profit of nearly. The bank said the profit was a quarterly record and up $225 million or 26 per cent from the same time last year.
Revenue was just under $3.9 billion, up nearly $300 million from the second quarter of fiscal 2009.
"Our results reflect strong contributions from personal and commercial banking and wealth management, as well as the excellent performance of our wholesale business," Scotiabank chief executive Rick Waugh said in a statement.
More than half of the quarterly profit -- a record $584 million -- was generated by the Canadian banking operations, which saw growth in residential mortgages, lines of credit and business accounts.
Last week, the Bank of Montreal launched the earnings period with the strongest results, including a quarterly profit of $745-million that was 18 cents per share ahead of analyst estimates.
National Bank also beat predictions with a $261 million profit.
In the latest quarter, Royal Bank posted a $1.3-billion profit .
CIBC posted a $660 million profit that turned around a $51-million loss from a year earlier.
TD Bank more than doubled its second-quarter profit to nearly $1.2 billion.
It's Your Career - I'm here to Support YOU!
Constantine Isslamow
Broker of Record
Century 21United Realty Inc. Brokerage
Independently Owned and Operated
Friends, followers, and connections are the way of the future.
Twitter / Facebook / LinkedIn
On Tuesday, Scotiabank earned record profits at nearly $1.1 billion wrapped up the second-quarter earnings season for Canadian banks with a record profit of nearly. The bank said the profit was a quarterly record and up $225 million or 26 per cent from the same time last year.
Revenue was just under $3.9 billion, up nearly $300 million from the second quarter of fiscal 2009.
"Our results reflect strong contributions from personal and commercial banking and wealth management, as well as the excellent performance of our wholesale business," Scotiabank chief executive Rick Waugh said in a statement.
More than half of the quarterly profit -- a record $584 million -- was generated by the Canadian banking operations, which saw growth in residential mortgages, lines of credit and business accounts.
Last week, the Bank of Montreal launched the earnings period with the strongest results, including a quarterly profit of $745-million that was 18 cents per share ahead of analyst estimates.
National Bank also beat predictions with a $261 million profit.
In the latest quarter, Royal Bank posted a $1.3-billion profit .
CIBC posted a $660 million profit that turned around a $51-million loss from a year earlier.
TD Bank more than doubled its second-quarter profit to nearly $1.2 billion.
It's Your Career - I'm here to Support YOU!
Constantine Isslamow
Broker of Record
Century 21United Realty Inc. Brokerage
Independently Owned and Operated
Friends, followers, and connections are the way of the future.
Twitter / Facebook / LinkedIn
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