Canadian real estate prices are still at record highs, but there has been a shift in the market that has some Canadians wondering what’s going to happen next. Let’s quickly recap on some recent happenings before we update you on the current market conditions:
Headlines this week call for a “flat lining” housing market in 2013 – yet CAAMP’s recent report shows Canadian home owners remain optimistic about their mortgage. Will this positive sentiment impact the market over time?
This week on Money Wise, we’re all about sharing our favourite shopping tips and tricks. After all, who doesn’t love to score a fantastic deal for less? Heck, some people will even leave the country for their smart shopping fix.
This week’s Friday Mortgage Roundup explores the impact of Scotiabank’s ING DIRECT acquisition and breaks down recent CAAMP updates.
The CMHC had added their predictions to the cooling housing market pile – and they’re fortunately less extreme than past calls of a 10 per cent drop. While they’re forecasting a slowdown in pricing, new construction and existing home sale figures, Canada’s housing market is still sitting pretty compared to the U.S., where 4 million homeowners are now underwater on their mortgages.