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Posted by: Adriaan Driessen
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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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 […]
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With a new year comes a new mortgage landscape, and the rules have changed! Come Jan 1, 2018, new mortgage rules came into effect that may have a direct impact on what you can do when it comes to your mortgage. These new rules will affect everyone who is thinking about applying for a mortgage, […]
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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 […]
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