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Posted by: Adriaan Driessen
WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Market improvements as expected Improvements in the housing market that were forecast for the second half of this year appear to be materializing. The July numbers from the Canadian Real Estate Association show a sales increase of 1.9% in July over June. June was up more than […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Report on the Housing and Mortgage Market in Canada Mortgage Professionals Canada creates in-depth consumer reports to provide a better understanding of Canada’s housing market, identifying patterns in consumer behaviour, providing a snapshot of who the Canadian homebuyer is, and presenting data to provide both macro and micro […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Report on the Housing and Mortgage Market in Canada Mortgage Professionals Canada creates in-depth consumer reports to provide a better understanding of Canada’s housing market, identifying patterns in consumer behaviour, providing a snapshot of who the Canadian homebuyer is, and presenting data to provide both macro and micro analysis […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights First Monthly Canadian Home Sales Gain This Year In June National home sales rose by 4.1% in June compared to May, the first such rise this year. Even so, June’s sales activity remains well below the monthly pace of the past five years (see chart). The sales […]
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FIRST TIME HOME BUYERS – Mortgage Financing Qualifying Frustrations and Solutions for Home Ownership. Are you a first time home buyer or repeat buyer feeling frustrated in your price point qualification due to the new mortgage lending guidelines that created an affordability issue for most borrowers? The general consensus in the industry is that first […]
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Are you a first time home buyer or repeat buyer feeling frustrated in your price point qualification due to the new mortgage lending guidelines that created an affordability issue for most borrowers? The general consensus in the industry is that first time home buyers are getting very discouraged due to the tight lending rules and […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Residential Market Commentary – Predictability, risk, and rising rates With interest rates now well and truly on the rise in Canada the perennial question is being asked more often and more earnestly. What is best, a fixed rate or a variable rate mortgage? A new survey by […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Bank of Canada Raises Rates The Bank of Canada raised it’s overnight rate by 0.25% from 1.25% to 1.50%. This target overnight rate is what major financial institutions charge for one day loans, and is used to set Prime lending rate for consumers. The overnight lending rate […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Good News for Homeowners A report by Canada Mortgage and Housing Corp. says a recent drop in Ontario home prices isn’t expected to persist. It says moderate economic growth in the Greater Toronto Area and Ontario generally will provide support for provincial real estate prices in 2018 […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Home Sales Strong in May, with Best Monthly Numbers in 2018 The London and St Thomas Association of REALTORS® (LSTAR) announced 1,171 homes* were sold in May, down 24.4% over the same time last year, which saw a record-setting month for May with 1,549 homes sold. The […]
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