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, […]

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. […]

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 […]

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, […]

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 […]

Industry & Market Highlights New CMHC study sheds light on rising house prices In June 2016, CMHC launched a study to better understand the causes of rapidly rising home prices in major metropolitan centers across Canada. The report represents one of the most thorough examinations of house price patterns ever completed in Canada and is the […]

Weekly Residential Market Update Market Commentary See attached below the latest updated change of space brochure and affordability chart for your clients and customers. Bank of Canada Raises Rates Cautiously As was widely expected, the Bank of Canada announced another quarter-point interest rate increase last Wednesday, saying that more hikes are ahead. According to Governor […]

Market Commentary CREA Stats Home sales ended 2017 with a rise in sales ahead of the mortgage stress test which came in at the start of the New Year. The Canadian Real Estate Association says that there was a 4.5% increase in nationwide home sales in December compared with November, marking their fifth consecutive monthly […]