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CMHC Improves Housing Affordability and Choice

Feb 20, 2010 9:34 -

Canada Mortgage and Housing Corporation (CMHC) announced 22 new grants to improve housing affordability got Canadians. These grants total $99,700 and shall be awarded under CMHC’s Affordability and Choice Today (ACT) Initiative.
ACT has been in operation since 1990, and it provides grants of up to $5,000 to teams of municipalities and private or non profit [...]

Government Considers Stricter Mortgage Rules

Feb 11, 2010 14:48 -

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 banks to [...]

Real Estate Professionals More Optimistic About 2010

Feb 9, 2010 13:53 -

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 first [...]

RBC Survey: Canadians Feel National Outlook Will Improve

Jan 4, 2010 8:00 -

New research by the Royal Bank of Canada (RBC) suggests that recession weary Canadians are divided on the future of the country’s economy; however there is much more hope for the year ahead.
According to the data, 60% of people across Canada feel that the national economy will improve in 2010 after 2009 being spent in [...]

Canadians in More Debt

Dec 15, 2009 8:07 -

A report from Statistics Canada shows Canadians are deeper in debt that even before, however with record low interest rates it means that debt loads are still manageable and likely to improve as the economy begins to improve from the recession.
Household net worth has reached $5.72 trillion at the end of September, making this an [...]

Edmonton Housing Starts Almost Triple in November

Dec 14, 2009 8:05 -

Canada Mortgage and Housing Corporation (CMHC) released their monthly Housing Outlook report on December 8th, 2009.
Last month, we saw 11 single family homes had started in the city of Edmonton, with the number this yea being 297, it is a huge increase.
For the year as a whole, single family home starts are up by 73% [...]

Lethbridge November 2009 Real Estate Market Report

Dec 3, 2009 7:18 -

The month of November was fairly good for the Lethbridge real estate market as the number of sales for the month was up 48% from year ago levels.
The number of sales that took place in November was 158, compared to 107 in 2008. This makes 49 more sales in November 2009, than November 2008, with [...]

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