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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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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Mortgage Professionals Canada Housing Market Digest We are excited to announce the newly revamped Housing Market Digests. Providing a snapshot of current data on resale markets, housing stats, employment trends and interest rates, these comprehensive and easy-to-use digests are designed to offer a more streamlined perspective of national […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Demand Affordable Home Ownership Tell Your MPP (www.tellyourmpp.ca) offers consumers the opportunity to send a message directly to their local candidate about the importance of accessible and affordable housing and the need for a strong and stable housing market in the province. In addition, consumers can learn […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Canada’s Housing Market Continues Soft Landing Data released today by the Canadian Real Estate Association (CREA) show a small uptick in home sales nationally in March, their first monthly increase in three months. This comes on the heels of a more than 19% decline in the previous […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Housing Affordability Increase First Time in 2 Years There was an improvement in Canada’s housing affordability measure at the end of 2017. It was the first time in two years that RBC Economics Research’s Housing Trends and Affordability Report has shown a decrease in its aggregate measure, […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights A Look At Rates, Inflation, Securitization News and More Data released by Statistics Canada morning showed the annual pace of inflation accelerated to 2.2% compared to 1.7% the previous month. Core inflation excluding volatile elements like gasoline prices climbed to 2.1% compared to 1.9% last month. […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Reasons to Keep and Eye on Toronto & Vancouver Market watchers often find themselves being subjected to mortgage and real estate news that focuses on the exceptional circumstances in Toronto and Vancouver. However, the attention that is focused on these frenzied markets would seem to be of […]
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If you are looking to purchase a property and are having frustrations in qualifying, there is a good chance part of the reason lies behind the Trudeau lead Liberal Government’s implemented new mortgage lending rule changes. The Office of the Superintendent of Financial Institutions (OSFI) has implemented 3 new mortgage rule changes starting January 1, […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights The Activist Budget—There Is No Problem This Government Cannot Fix Patting himself on the back, the Finance Minister opened his speech by reminding us that “a little over two years ago…Canadians had the opportunity to stay the course. They could stick with a Government that favoured cuts […]
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