The housing market remains hot in the fourth quarter as the loonie continues to be strong and the Bank of Canada announced no plans to increase overnight lending rates, putting all previous speculations to rest. This is great news for the economy and the real estate market as consumer demand continues to grow.
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The Toronto Real Estate Board released their August 2009 Marketwatch report and reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 – up by six per cent compared to the same …
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CMHC released its 2009 housing market overview and here are the main highlights: July 2009 housing starts decreased The seasonally adjusted annual rate1 of housing starts was 134,200 units in July, down from 137,800 units in June. The decrease in …
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Yesterday the Globe and Mail reported that the number of new homes being built will not return to the same levels we saw in 2008 for a long time – regardless of a recovering economy. Although this shouldn’t come as …
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The CMHC released their latest Canadian housing market update, called Housing Now, in December 2008 and it includes great info on the state of the Canadian housing market as of Q3 2008. In brief housing starts declined, house prices and …
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