Share Canada’s inflation rate rose last month as Statistics Canada’s consumer index rose more than half a point to 1.9%, making this the largest increase seen in more than a year. The entire inflation indicators rose in January and all provinces experiences inflations, with Atlantic Canada having the biggest gains. The Bank of Canada core [...]
Share Finance Minister Jim Flaherty is tightening mortgage rules in order to crack down on speculators and discourage homeowners from taking on too much debt. This is the attempt made to responding on the growing concerns that Canada’s housing market is getting too hot, although he stresses that there is no such bubble in Canada’s [...]
Share Some real estate experts are worried that our current housing market is facing a bubble because low interest rates are encouraging some borrowers who are not financially secure to enter it. Now there is a new concern emerging: sales activity in real estate is being driven by foreign investors, particularly Chinese investors. At issue [...]
Share Today, it was revealed that the Canadian Federal government is considering making it more difficult for borrowers to get mortgages. Although nothing has been announced, the Globe and Mail reported that several proposals are being considered. The proposal that is getting the most consideration is the idea that borrowers will face greater scrutiny from [...]
Share The Canadian Real Estate Association (CREA) has revised its forecast for home sales for the year bringing it upward, and it is now citing better economic conditions. CREA forecasts 527,300 sales this year, up 13.3% from 2009 levels. The previous forecast called for a 7% increase. The national average home price is forecast to [...]
Share The battle lower real estate fees in Canada has gone up significantly as we see the federal Competition Bureau challenging real estate for what it seems as “anti-competitive” behaviour and restricting consumer choice. The Competition Bureau has made an application to the Competition Tribunal, which will determine if the bureau’s complaints have merit. If [...]
Share After the rough ride of the last two years, we are all trying to figure out what the future has in store. To help with this difficult task, the Real Property of Association of Canada (REALpac) and FPL Advisory Group have released their survey of the sentiments of the real estate industry in the [...]
