Further interest rate rises may or may not be on the cards in 2017 with no expert consensus as yet.

Following the increase on July 12, Bank of Canada governor Stephen Poloz said that further rates would depend on data. The latest retail figures, released by StatsCan last week along with rising inflation have some calling for another rate rise before 2017 ends.

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Rebuilding efforts in Fort McMurray, Alta., are running ahead of expectations, with reconstruction underway on one-third of the homes destroyed in last year’s wildfire, according to Canada Mortgage and Housing Corp.

In a report Thursday, the federal agency said the rebuilding of 844 housing units has started and that number is expected to rise to about 1,000 this year.

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The Office of the Superintendent of Financial Services (OFSI) announced earlier this month it will be increasing its supervisory efforts for residential mortgage underwriting – specifically focusing on Guideline B-20, which it also announced potential changes to.

Changes include:

uninsured mortgages requiring a qualifying stress test

LTV, loan to value measurements remain strong and adjust for local market conditions where they are used as a risk control,

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Saskatoon Berry Pie – Pick your own berries at the Saskatoon Farm today!!

INGREDIENTS

Pastry

5 cups (1.25 L) all-purpose flour

¼ cup (50 mL) brown sugar

1 tsp (5 mL) baking powder

1 tsp (5 mL) salt

1 lb(s) (450 g) cold lard,

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Thank you to the Calgary Herald – July 17, 2017 Article

Maclin Ford was established in 1917 and held a celebration on Monday to mark the 100 years in business.

Maclin Ford celebrated the milestone with two $50,000 donations – to the Calgary Women’s Emergency Shelter and the Alberta Children’s Hospital.

The dealership has been in its current location,

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Alberta’s recreational property values, particularly those near Edmonton and Calgary are on the rise a new market report says.

According to the 2017 Royal LePage Canadian Recreational House Report, recreational properties near the two cities have begun to see their markets turn a corner with slight year over year prices increase so far in 2017.

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