Share The Olympic Games were exciting for most Canadians – I’m sure we’ll still be talking about Sidney Crosby’s goal in years to come. But with the glow from the Olympic games beginning to fade, questions are beginning to arise about the Games’ lasting effect on Vancouver. Specificially, from a real estate perspective, the question [...]
Share Consumer confidence has increased in Canada vastly compared to last year, however CIBC World Markets Inc.’s new Consumer Capability Index finds that weak consumer fundamentals and an interest rate hike will have Canadians starting to apply a halt on spending. In late 2008, we saw consumer confidence reach a 15 year low, as measured [...]
Share Bank of Canada Governor Mark Carney has put Canadians on notice that today’s low borrowing costs are likely to increase by midsummer, if not sooner. Almost a year ago, Carney decided to combat the recession by taking the unusual step of promising to keep the bank’s overnight rate are the record low of 0.25% [...]
Share Canada’s housing boom will continue this spring as we see exceptionally low mortgage rates, and the expectation that borrowing costs will be raised, have added a sense of urgency to consumer buying. Scotiabank recently releases a global real estate trends report that predicts most Canadian regions will remain sellers’ markets for the first half [...]
Share The Canadian housing market has been hot throughout the past decade, however it will cool over the coming years as higher interest rates begin to take effect and the population ages, according to the latest report on real estate trends from Scotiabank. Meanwhile, we expect a strong housing market this spring as buyers are [...]
Share Affordability levels in Manitoba remained in line with the long term averages, as provincial real estate activity picked up over the remaining months of 2009 according to the latest report released by RBC Economics. The RBC Affordability measures for Manitoba, which capture the proportion of pre-tax household income needed to service the costs of [...]
