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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 [...]
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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 [...]
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With all this talk about a possible housing ‘bubble’, even some of Canada’s leading politicians are taking notice. During a recent CTV Question Period, Finance Minister Jim Flaherty said that he has been keeping close tabs on the real estate market.
A housing bubble is bad news for Canadians. Currently with record low interest rates and [...]
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The media has been in frenzy lately regarding he possibility of a “housing bubble”. But what does a housing bubble really mean…and is it possible that Canada is actually heading into a housing bubble?
Let’s start off simple. A housing bubble is a term used by economists, real estate agents, mortgage professionals and the like to [...]
