Archive for June 16th, 2009

Dealing with Fraud in Real Estate Purchase in Alberta

June 16, 2009admin Comments Off

The Real Estate Council of Alberta has resolved to take the issue of fraud very seriously. It is a fact that of late many Alberta residents have been victimized by mortgage fraud upon being lured by promises of big returns. There have also been cases where some person has quite unknowingly allowed a fraudulent act [...]

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Moishe Alexander: Canadian home resale prices rise to record in May

June 16, 2009admin Comments Off

TORONTO, June 15 (Reuters) – Resale prices for Canadian homes rose to their highest average on record in May, while sales activity climbed for a fourth straight month as consumer confidence strengthened, according to an industry report released on Monday.
But rebounding sales in some of the most expensive markets skewed the national average price, [...]

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Canadian Banking: Sober, Boring, and Successful

June 16, 2009admin Comments Off

It wasn’t so long ago Canada’s banking system was considered behind the times. Almost cute, an antiquarian relic, it banked in the old ways… and it was holding Canada back.
After all, while real estate throughout the world was doubling every few years, Canadian homes were moving up relatively modestly.
While risk in the rest of the [...]

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