Big banks have been slicing 10 basis points off their fixed rates, while the BoC keeps the central rate at status quo. Is is a good time to jump into the housing market?
It appears housing markets across the country are feeling the brunt of recent CMHC mortgage changes, as sales saw a 5.8 per cent nation-wide dip from July to August. According to the Canadian Real Estate Association (CREA), this is the largest month-over-month decline since June 2010
Canada’s three major urban centres have experienced a downturn recently, with an increase in unsold inventory from this time in 2011. Is Canada’s reliance on credit to blame?
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?
The Toronto housing market started 2010 off with a bang as house sales increased 87% in January 2010 over last year. The Toronto Real Estate Board (TREB) reported reported 4,986 transactions last month, and this was only slightly higher over previous January’s, so 2009 was an unusually slow month. The average house selling price in …