Fears of a sliding market have persisted since last summer’s CMHC rule implementation, but home sales keep defying doom and gloom predictions. Stronger than expected May sales have prompted CREA to adjust their market activity forecast for 2013 and 2014.
The CREA housing market update is in – and it shows slow, but steady growth for Canada’s housing market as conditions balance from CMHC mortgage rule changes made last summer.
Is it just me, or are finance headlines a little… emotionally unbalanced these days? One day you’ve got dire warnings on debt levels, followed the next by cautiously optimistic hope of economic recovery. It’s no wonder readers are confused. For example, take this gem of a headline, which ran Monday in the Financial Post: Tighter …
The Canadian housing market is getting downright chilly. As we experience the after effects of the new mortgage rule changes announced last month, it’s clear that coast to coast, our markets are in for a correction. What does this look like for the urban hot spot markets – especially hardest-hit Toronto?