Share 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 [...]
Share A new forecast from RBC Economics says that Canada’s economy is set for real Gross Domestic Product (GDP) growth of 3.1% this year and 3.9% in 2011. RBC has noted that a peak in stimulus investment, improved credit markets and a recovery in consumer spending are pushing the increase of GDP growth. Craig Wright, [...]
Share Historically low interest rates on mortgages continue to drive demand and push home sales in the GTA. The Toronto Real Estate Board reported 8,476 sales across the GTA for the month of October, up 64 per cent from October 2008. This number includes both the 905 and 416 exchanges. The average sale price across [...]
Share Housing co-operatives or “co-ops” provide a place for people to live. In 1999 there were over 2,000 housing co-ops in Canada where there were 111,000 members, with a combined amount of assets of nearly $5.6 billion. Co-ops come in different shapes and sizes, ranging from a variety of single unit townhouses and small buildings [...]
