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Good news for investors

February 4, 2016

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 25, 2014

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 ...

Why the Luxury Housing Market Is Hot, Hot, Hot

March 1, 2014

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 ...

Five Canadian mortgage market predictions for 2014

December 31, 2013

1. New mortgage rules Expect more rule tightening in 2014 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 ...

Canadian Real Estate Association predicts a strong year in 2014

December 29, 2013

OTTAWA—Sales of previously owned Canadian homes are turning out slightly than expected overall, and 2014 will be even stronger, according to a new projection from the country’s largest real estate association. The Canadian Real Estate Association’s 2013 sales projections have been increased slightly upward in Ontario and the four western ...

4 New Year’s Resolutions for 2014

December 28, 2013

There are tons of different approaches to setting resolutions. A resolution can be a goal - an action or accomplishment you propose to achieve in the year to come. Or a resolution can be a declaration – a commitment you make, a stance you take. If you’re hoping or planning to buy a home in 2014, there are some action-type resolutions you’ll ...

Condo market aok: CMHC

December 19, 2013

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 ...

Still strong housing market

December 17, 2013

Housing sales dipped slightly in November but the expected decline that was supposed to follow consumers rushing to purchase in the fall has failed to materialize, reports the Financial Post’s Garry Marr. The Canadian Real Estate Association said sales last month dropped 0.1% from October on a seasonally adjusted basis while actual activity ...

A world without the CMHC

November 28, 2013

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 ...

Are interest rates going up or down?

November 20, 2013

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 ...
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