According to the CREA, the Canadian housing market is down again with sales dropping 17% last month compared to last year. Despite the decline in sales and prices…
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?
Canadian families are shrinking – but the demand for home space isn’t. Despite the average family having 2.5 members, single detached homes, and not condos, continue to be the hottest sought after type of housing.
It’s never easy to leave a place you’ve fondly called home, but if you’re experiencing feelings of deep regret, anxiety or loss over your home sale, you could be suffering from seller’s remorse. Read on to learn more about this phenomenon, and how to tell if you’re truly ready to put your home on the market.
Looking to sell your home? Don’t forget to boost its visibility with the latest online marketing tactics. Check out this breakdown of what works, and what it’ll cost you.
Mortgages Spotlight: Home sales are rebounding, according to the latest Royal Le Page numbers, and Finance Minister Jim Flaherty expresses confidence that the U.S. debt ceiling will be avoided.
It’s becoming even harder to afford a home, according to a recent RBC affordability report – but historically low mortgage rates motivate buyers to enter the market. But can it last? Current bond yield scares as a result of rising US interest rates may be a sign of what’s to come.
The federal government is increasing its watch on crown corporations like the CMHC – what changes could be in store, and how will the affect home buyers?
The CREA March numbers are in for the Canadian Housing Market Update – sales continue to slump nationwide, while prices make modest gains.