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Are interest rates going up or down?

June 26, 2020

Is Canada's benchmark interest rate going to go up, or is it going to stay where it is or even go down?

Just last month, the Bank of Canada dropped a mini-bombshell by adopting a neutral position on interest rates, after long insisting that any eventual move would be up. That left open the real possibility the central bank may, instead, lower borrowing costs — at least until the struggling economy regains its momentum.

Now, the global think-tank that helps guide countries along a growth ...
 

CMA - PART OF THE SERVICE

June 22, 2020

Lifestyle changes can come at you in a hurry, sometimes necessitating a move. Determining your property's value is especially difficult if you are a long time home owner. You may have made improvements throughout the years that you've simply forgotten about. The right price can be a critical part of getting that 'sold' sign and moving on to the ...

Condo market aok: CMHC

March 19, 2020

The only thing sky high about Canada’s condominium market are the condos themselves. Canadian condominium construction has surged but population growth has kept oversupply in check, the federal housing agency said in a report on Wednesday that also showed declining mortgage arrears and high home-equity levels. In its annual report on the housing ...

Crisis likely to thin Realtor ranks

March 16, 2020

If you think selling real estate is easy money, think again, say those who have spent their careers in the competitive business of listing and showing homes and conducting open houses. If you want to know why, just do the math. Last month there were 485 residential sales in Greater Victoria. Not a bad month, some would argue, considering the ...

A world without the CMHC

March 15, 2020

Imagine a world without Canada Mortgage and Housing Corp., writes the Financial Post‘s Garry Marr. What happens next if the government is no longer behind that mortgage, making sure the people loaning the money or the investors buying that loan get paid, should you not make your payments? For starters, you might gently be shown the door ...

Five Canadian mortgage market predictions for 2014

March 14, 2020

1. New mortgage rules Expect more rule tightening in 2019 designed to reduce mortgage risk for lenders, mortgage default insurers and the government. By definition, those rules will make it slightly harder to get approved for some mortgages and further slow the housing market. 2. Credit unions will steal market share Since they’re ...

Why the Luxury Housing Market Is Hot, Hot, Hot

March 12, 2020

The real estate market feels like it’s bouncing back. But the luxury housing market is downright hot in several markets. Barring a stock market correction — unlikely given how investors reacted positively to the Federal Reserve reduction in bond purchases in December — the trend means the spring homebuying season could be a good one, especially ...

Stanford publishes review, 'How Important Is Culture?: An Inside Look at Keller Williams Realty'

March 11, 2020

Company culture creates results: the Keller Williams formula A new Stanford School of Business analysis of Keller Williams Realty concludes that the Austin, Texas-based company takes a blended approach to corporate management and leadership, with a top-down business model but a bottoms-up approach to decision-making. “While its franchising ...

Good news for investors

March 10, 2020

A recently released study points to an increased need for rental properties for Canadians, as home prices continue their upward trajectory. According to a Manulife Bank of Canada’s Debt Survey, published Thursday, 38% of Canadian homeowners feel that housing in their area is unaffordable. And two thirds of those expect housing prices to ...

What bubble? Canadians have their mortgage covered, study shows

March 9, 2020

A new Conference Board of Canada study says there’s no housing bubble about to burst and maintains Canadian are having no trouble handling their debt even as it sits close to record levels. The Ottawa-based group points out that mortgage arrears are actually going down in just about every market across the country — making a U.S.-style meltdown ...
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