Canadian Housing Forecast Looking Better for 2011
Mortgage News / Mortgages

Canadian Housing Forecast Looking Better for 2011

With the recent mortgage rule changes announced by the Federal Government last month many economists expected that this would be the last arrow fired to finally slow down the Canadian housing market. Along with a slower than expected economic recovery and increasing mortgage rates, some experts believed that the mortgage rule changes coming into effect … Continue reading »

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 »

Competition Bureau Challenges CREA’s Monopoly of MLS
Mortgage News / Mortgages

Competition Bureau Challenges CREA’s Monopoly of MLS

There has been a lot of news lately about opening up the Canadian Real Estate market and allowing easier access to list properties on MLS, in addition to accessing more of the detailed information on MLS. Historically, this data has only been available to licensed, registered real estate agents, but today, their stranglehold on this … Continue reading »

Canadian Housing Sales Set Record in Dec 2009
Mortgage News / Mortgages

Canadian Housing Sales Set Record in Dec 2009

The Canadian Real Estate Association (CREA) reported that existing home sales had its best month ever in December 2009, housing bubble, what housing bubble!? The second half of 2009 push annual sales above 2008 levels as MLS sales showed 27,744 units sales in December 2009, which was a 72% increase year on year, although December … 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 »