Canadian Housing Market Cooling Down
Buying A Home / Economic News / Mortgage News / Mortgages

Canadian Housing Market Cooling Down

CREA‘s April 2010 housing market report indicates that Canada’s overheated housing market has started to show signs its cooling down. Residential housing sales via MLS was over 52K across the country in April 2010 which was up 20% over last April 2009. Seasonally adjusted home sales was down 2.6% from March 2010. With talk of … Continue reading »

Canadian Housing Price Survey and Forecast Released
Mortgage News / Mortgages

Canadian Housing Price Survey and Forecast Released

Royal Lepage recently released their Market Survey Forecast and House Price Survey which found that it Canada’s resale housing market had recovered lost ground in Q2 2009 and is well positioned to stabilize for the remainder of the year, after a very slow start. As the economy begins to stabilize and consumer confidence improves, house … Continue reading »

Canadian Housing Market Strong Compared to Foreign Markets
Economic News / Mortgage News / Mortgages

Canadian Housing Market Strong Compared to Foreign Markets

The Canadian Real Estate Association (CREA) has released Q1 2008 stats. The results thus far seem to indicate that the housing market in Canada is definitely starting to slowdown, however, it is performing much better than in many other countries. Canadian House Prices: residential MLS® average price set new records for the first half of … Continue reading »

Canadian Housing Market is Safe according to the Finance Minister
Economic News / Mortgage News / Mortgages

Canadian Housing Market is Safe according to the Finance Minister

According to a report by Canoe the Canadian Finance Minister Jim Flaherty has said their are no housing worries in Canada and the government isn’t worried about a subprime housing bubble as we’re seeing in the US. At an event in Calgary he said:   “There is no bubble in the Canadian housing sector,”   … Continue reading »