Mortgage reforms on the horizon
Last week, Prime Minister Stephen Harper announced a tax break for the closing costs paid by homebuyers. But he's not promoting a more important federal initiative that takes effect Oct. 15 (one day after the election).
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Voting on the L-word; City council faces a LEED decision tonight
City council faces a decision tonight on whether to make Hamilton a LEEDer or a follower in green building construction. The public works committee voted last Monday not to put a green roof on the renovated City Hall and not to seek LEED (Leadership in Energy and Environmental Design) certification, calling both measures too expensive.
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Bankers fear hits as crisis widens; Predict slowdown in lending amid tougher standards and higher..
Canadians were given a reality check yesterday about how the global financial crisis would hit their wallets as bank executives predicted a slowdown in consumer lending, while the Bank of Canada took more action to provide liquidity to commercial banks. Speaking at an investor conference in Montreal, bank executives seemed wistful about the state of their industry. Most are moderating expectations for loan growth in 2009 and beyond as economic headwinds hamper retail revenues.
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Genworth Homeownership Website To Help Educate Homebuyers
In light of new government mortgage rules that take effect October 15, 2008, Genworth Financial Canada is offering new information on its www.homeownership.ca website to help potential homebuyers better understand how the changes may affect them.
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Freeze about to be lifted; Report means end to moratorium on residential development in Simcoe
Norfolk council will soon be ready to receive new development applications in Simcoe. Last week, the Ministry of Environment assured the county that the Lynn River has sufficient capacity to handle effluent discharged from Simcoe's water pollution control plant off Oakwood Avenue.
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