Ontario study claims high mortgage rates pose little hardship
Canadian columnist notes Ontario's survey of 5,839 homeowners finds most live in detached housing, half have no mortgage, and average payments consume about 15% of income. It asserts high rates from 14% to 19% will hardly hurt, with renewed loans offset by income and equity. Authors call critics' concerns deceptive and poke at mortgage worries.
MENTIONED IN THIS ARTICLE
Bankers’ Association
Ontario
Hamilton
London
Ottawa
Sudbury
Thunder Bay
Toronto
Windsor
Metro Toronto
Toronto Real Estate Board
Wool sock discovery in York spurs 1200 dollar cleaning plan
Archeologists in York plan to spend 1200 to preserve a soggy wool sock they believe was discarded by a Viking warrior a thousand years ago. The find highlights lasting textile artifacts and Viking-era footgear.
MENTIONED IN THIS ARTICLE
York
England
Canada faces possible shift after Versailles meets on economy
Paul Hellyer signals potential change in Canada's economic stance after the Versailles summit with seven industrial powers. He notes no guaranteed solution, cites U S pressure to ease rates, and contrasts Canadian inflation with lower U S rates. Labor monopoly concerns rise as Don Johnston and Anthony Westell discuss curb measures for public interest.
MENTIONED IN THIS ARTICLE
Canada
Versailles
U.S
Montebello
Canadian Labor Congress
CLC
Dennis McDermott
McDermott
Treasury Board
Don Johnston
Anthony Westell
This Week in Canada June 14 to 17 historical notes
On June 14 1872 Parliament passed the Sir Hugh Allan CPR charter, and 1919 Alcock and Brown crossed the Atlantic from Newfoundland to Ireland. June 15 1875 Presbyterian churches united to form The Presbyterian Church of Canada, and 1905 Newfoundland banned bait sales to foreign vessels. June 16 1891 Sir John Abbott became prime minister after Macdonald’s death, and 1892 Edmonton Bulletin reported oil discovery. June 17 1616 Sir William Vaughan bought Newfoundland’s Avalon Peninsula and Welsh colony, and 1919 Winnipeg general strike leaders were arrested in an early morning raid.
MENTIONED IN THIS ARTICLE
Hugh Allan
CPR
Alcock and Brown
Atlantic
Newfoundland
Ireland
Presbyterian Church of Canada
John Abbott
John A. Macdonald
Edmonton Bulletin
William Vaughn
Avalon Peninsula
Winnipeg
Also Mentioned on This Page
Hamiota
Cna Ty Newspapers Association
Hamiota Echo Publications Ltd
P.O. Box 70
Hamiota, Manitoba
Romoto
U.S.A
F.D. (Don) Venables
CNA
BY Garth Turner
Regzgie
Manitoba Federation of Labor
Martin
Pete
Manitoba
North America
Holy
Toledo
Paul Hellyer
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