With home prices falling, could this be the right time to buy?
CREA says the number of homes sold in September increased, but there was an 11% decline year-over-year. Average Canadian home prices increased to $487,000, an increase by…
Everyday there’s another news headline about just how hot Toronto’s housing market is, but should you really believe everything you hear? Here’s why you should read between the lines.
High home prices aren’t stopping buyers – new reports find luxury real estate is the fastest growing segment of the Canadian housing market. Read on for our market-by-market breakdown.
CMHC Released their annual report last week, Tuesday May 8th. The Canadian Mortgage and Housing Corporation continues to be an integral player in contributing to the stability of the Canadian marketplace. In 2011, spending on housing accounted for a whopping 20 per cent of Canada’s GDP last year and CMHC provided $2 billion in support of housing programs. Here’s a summary of the report.
Last weekend the government announced a change to current mortgage regulations which now require federal financial institutions to revise the mortgage penalty disclosures they provide to consumers. Plus, BMO is back in full force with their announcement of offering 2.99 per cent on their 5 year fixed mortgage product and TD has responded by bringing back their 2.99 per cent 4 year fixed mortgage.