Browsing Tag

Mortgage

Luxury sales down in formerly hot housing markets, but up in Montreal

By Aleksandra Sagan – THE CANADIAN PRESS Mar 20, 2019

Luxury home sales fell in the two formerly hot housing markets of Vancouver and Toronto, as well as Calgary, in the first couple months of the new year, according to data released Wednesday by Sotheby's International Realty Canada.That…

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Finance Minister Bill Morneau’s budget speech

The Canadian Press Mar 19, 2019

OTTAWA – Thank you, Mr. Speaker.Last week, I was back home in Toronto–where I had a chance to visit with some young people at the Boys and Girls Club in Regent Park.It was March Break last week, so they were pretty focused on having…

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Liberals offer ‘modest’ help for first time homebuyers

Jordan Press – THE CANADIAN PRESS Mar 19, 2019

OTTAWA – On the eve of a federal election this fall, the Liberal government is looking to help more Canadians buy their first homes by picking up a portion of their mortgage costs and increasing the amount they can borrow from their…

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Highlights from the 2019 federal budget tabled Tuesday

The Canadian Press Mar 19, 2019

OTTAWA – Highlights from the federal Liberal budget tabled Tuesday by Finance Minister Bill Morneau:– $1.7 billion over five years, and $586 million a year after that, for a Canada Training Benefit to help workers upgrade skills…

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Prairie landlords singing (slightly) happier tune as rents rise, vacancies slip

Dan Healing – THE CANADIAN PRESS Mar 18, 2019

CALGARY – Four years after an oil price crash that's been blamed for more than 40,000 oilpatch job cuts in Western Canada, stability is returning to the residential rental market.Apartment owners including Boardwalk REIT and Mainstreet…

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CREA Updates and Extends Resale Housing Market Forecast

Building Mar 15, 2019

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2019 and extended its outlook to include 2020.…

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Canadian home sales fall in February, average price down; CREA updates outlook

Aleksandra Sagan - THE CANADIAN PRESS Mar 15, 2019

The average price for homes sold last month was down 5.2 per cent from last year as the number of sales dropped to a 10-year low for the seasonally weak month of February, the Canadian Real Estate Association reported Friday.The…

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Net worth rising but higher debt stings Canadian consumers: analysis

Dan Healing, THE CANADIAN PRESS Sep 18, 2018

Data showing that interest rates are rising faster than income provide a wake-up call to Canadian consumers who are taking on unsustainable amounts of debt.Soaring home valuations are inflating the average Canadian's net worth, especially…

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Mortgage debt increases at slower rate amid decreasing home sales: CMHC

THE CANADIAN PRESS Aug 1, 2018

The Canada Housing and Mortgage Corporation says the country's mortgage debt increased at a slower pace in the last quarter of 2017 compared to the year before.The Crown corporation attributes the slowdown to rising interest rates and…

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Central bank hikes rate, says tariffs already in place to have modest impact

Andy Blatchford - THE CANADIAN PRESS Jul 11, 2018

OTTAWA – The Bank of Canada raised its benchmark interest rate Wednesday in an economy that it predicts will remain resilient even as it faces an even bigger bite from deepening trade tensions.The rate hike was the central bank's first…

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