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Housing Activity Strong

Mar 11, 2010 10:00 -

Housing starts rebounded in the second half of 2009, and it is expected to strengthen in 2010 according to Canada Mortgage and Housing Corporation’s (CMHC) first quarter Housing Market Outlook, Canada Edition.
In 2009, there was a total of 149,081 units, housing starts are expected to be in the range of 152,000 to 189,300 units in [...]

Canadian Economy Due for a Major Rebound

Mar 11, 2010 8:50 -

A new forecast from RBC Economics says that Canada’s economy is set for real Gross Domestic Product (GDP) growth of 3.1% this year and 3.9% in 2011.
RBC has noted that a peak in stimulus investment, improved credit markets and a recovery in consumer spending are pushing the increase of GDP growth.
Craig Wright, chief economist has [...]

RBC Poll: Home Buying Intentions Gaining Momentum

Mar 10, 2010 12:49 -

A recent Royal Bank of Canada (RBC) poll showed that homebuying momentum in Canada continues to gain momentum with the portion of Canadians who are likely to purchase a home within the next two years rising to 10%.
This data is according to the 17th Annual RBC Homeownership Study; it shows that younger Canadians, aged 18-24 [...]

Consumer Confidence in Real Estate Is Rising

Mar 9, 2010 13:45 -

With so many stats released about how the market performed last month or last year, all of this information can obscure the fact that what matters to many potential homeowners is what will happen to the market in the future. Taking the pulse of current consumer confidence can help in this task.
RBC has released its [...]

Housing Industry Has Concerns with New Federal Budget

Mar 7, 2010 19:39 -

Although the most recent Federal budget announcements were mostly met with approval by housing industry analysts, there were concerns that some calls to make housing more affordable were not heeded by Flaherty.
For instance, while the budget retained the first time homebuyers tax credit and the new ceiling on the amount homebuyers can pull from their [...]

Bank of Canada Maintains Low Interest Rate

Mar 2, 2010 9:45 -

Canadians are almost certain to be enjoying the historically low interest rates for at least another 4 months now that the Bank of Canada has missed the opportunity to have a policy change today.
The central bank acknowledged during its scheduled policy rate announcement that the economy has improved, even to the point that exceeds their [...]

New MLS Policy Will not Prevent Tribunal

Feb 23, 2010 8:11 -

The Canadian Real Estate Board (CREB) was about to propose key rule changes at its March annual general meeting, which they hoped would be able to satisfy the Competition Bureau and avoid any meetings with the Competition Tribunal.
One of the big changes included the deletion of a controversial rule which has said that listings could [...]

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