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 Scotia Economics has just released a report that further paints a positive view of Canada’s housing market. The report argues that sales will continue strong through 2010, but that the pace will start to ease as rising prices and interest rates will make the property market a less affordable proposition. Like many before them, [...]
Share Changes to the Canadian Real Estate Association’s (CREA) Pillar’s and Interpretations are being brought forward to the annual general meeting on March 22nd, 2010. The current three pillars of the Multiple Listing Service (MLS) System are as follows: 1. Membership – only realtors can place a listing on the MLS system 2. Agency – [...]
Share Canada’s core inflation rate rose beyond the Bank of Canada’s expectations to 2.1% from 2%, however the central bank is unlikely to move up its target date for raising interest rates, noted a top economist. As we have heard from the Bank of Canada, higher inflation could bring about the Bank to raise the [...]
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 [...]
Share According to the latest housing report released by RBC Economics shows that the rebound in Saskatchewan’s housing resale market has slowed down since 2009, which has in turn limited price increases and improved affordability in the province in the 4th quarter of 2009. RBC Housing Affordability measure captures the proportion of pre-tax household income [...]
Share Canadian existing homes sales were down by 1.5% in February, despite prices continuing to increase, according to figures released by the Canadian Real Estate Association (CREA). Sales of homes nationally were a seasonally adjusted 42,799 edging down from January, according to CREA. Despite having sales up in Ontario by 3.3%, they were significantly down [...]
