Housing Market Update: National Home Prices, Sales Fall Again
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Housing Market Update: National Home Prices, Sales Fall Again

Recent data now shows the average selling price of a Canadian home dropped by 0.3 per cent in the past year. It may not seem like much of a difference, especially to those who have been waiting for the market to cool and stabilize, but does this mean that the bubble has burst? Continue reading »

Is The Canadian Housing Market Headed For a 25 Per Cent Crash?
Mortgage News / Mortgages

Is The Canadian Housing Market Headed For a 25 Per Cent Crash?

Could the market be due for a 25 per cent crash? Today’s report by Capital Economics certainly points to that direction. Released just a day after RBC’s statement that Toronto – one of Canada’s biggest markets – is not in a bubble, today’s statement has economists and home buyers alike wondering: what’s in store for home prices? Continue reading »

Friday Mortgage Round Up: March 23rd, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: March 23rd, 2012

It seems that every month now there are new principles and policies that are being set out by regulatory agencies in Canada which make it increasingly difficult for consumers to qualify for mortgages. Earlier this week on March 19th, OFSI issued a draft aiming to tighten the mortgage underwriting process and lending guidelines and are looking for industry personnel and other parties involved to provide feedback towards these proposed best practice changes. Continue reading »