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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 [...]

Signs of a Cooling in the Canadian Real Estate Market?

Feb 18, 2010 9:05 -

Ottawa’s tighter mortgage rules, with a new harmonized sales tax in Ontario and impending rate increases should slow the Canadian housing market in the second half of the year, taking away any fears of a housing bubble notes analysts.
The Canadian Real Estate Association (CREA) reported Wednesday that resale home sales across Canada dropped 2.8% in [...]

Is there a Housing Bubble?

Feb 10, 2010 19:38 -

It’s quite clear that the housing market has come back to life in the last few months. In December, most markets (notably except for in Alberta) saw record-breaking sales.
This has naturally prompted concern that the market is becoming over-active, or bubbly. Scotia Capital recently published a report called “Is there a Canadian Housing Bubble?” The [...]

Surge in Completed Condos in 2010 Could Ease Prices

Jan 23, 2010 16:59 -

The negative effect the recession has had on the real estate market in Canada is unmistakeable. However, good news is on the horizon. Condo buyers that bought at the height of the market in 2007 are finally starting to move into their completed condos. The result is that in 2010 and 2011, there will be [...]

Bank Says Low Interest Rates Are Here to Stay

Jan 22, 2010 18:24 -

Canada has begun to see a turnaround in its housing market – some would say the beginnings of a housing market bubble – because of historically low interest rates. This week, the Bank of Canada, in its quarterly Monetary Policy Report, suggested that they respectfully disagree. Even more importantly from a real estate perspective, they [...]

Lack of Inventory is Driving up Prices

Jan 21, 2010 12:41 -

Choosing when to sell your home can be a difficult decision, particularly when you feel that you don’t have enough information. Examining the trends in home sales can be a powerful tool to aid in this decision.
The CREA’s most recent report offers some good news for sellers: according to them, house prices are continuing to [...]

CAAMP study shows Canadians are witty with their mortgages!!!

Jan 19, 2010 16:41 -

The Canadian Association of Accredited Mortgage Professionals, better known as CAAMP, has released new data on a recent research outlining that Canadian home owners and lenders are both very cautious with mortgages.
The new research data released January 14, 2010 gathered information throughout 2009 on approximately 40,000 mortgages. The data represents about 1/6th residential mortgages signed [...]

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