Housing market

Decorative pattern

Housing market cools: report

The downside risks to Canada’s housing market are increasing, says a Scotiabank report on Canadian Housing. “Canada’s housing market is expected to avoid the sharp downturn witnessed in the United States and Europe,” says Adrienne Warren, senior economist at Scotiabank. “But, the downside risks to domestic housing activity are increasing. The impact of the slowdown […]

By Staff |August 8, 2012

2 min read

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Economic Indicators

Housing bubble to burst

When will the Canadian housing market bubble burst? Soon, says a recent report by Royal LePage.

By Staff |August 7, 2012

1 min read

Decorative pattern

Housing prices won’t freefall: Laurentian

Following the release of BoC’s gloomy Monetary Policy Report last week, Laurentian Bank and its research team downgraded their provincial and national growth forecasts for Canada in 2012. It expects the country to grow only 2% over the next two years, and has released a new edition of the Provincial Monitor, a report highlighting the […]

July 25, 2012

2 min read

Decorative pattern

Residential sale prices climb 17%

The average sale price for residential properties in Ontario rose 17% between 2008 and 2012, says the Municipal Property Assessment Corporation’s first report on residential price trends. “This report is good news for most Ontario homeowners,” says Larry Hummel, MPAC’s Chief Assessor. “The average sale price of residential properties in most communities has increased since […]

By Staff |July 24, 2012

1 min read

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National Bank lowers residential mortgage rates

National Bank has adjusted its rates for residential mortgages. The changes are effective as of July 18, 2012, and are as follows: Fixed-rate closed term 6 months: Used to 4.45% and will now be 4% Fixed-rate closed term 1 year: used to be 3.5% and will now be 3.1% Fixed-rate closed term 2 years: used […]

By Staff |July 17, 2012

1 min read

Decorative pattern

REITs outperform the market in Q2

U.S. REITs significantly outperformed the broader equity market in the first half of 2012, says the National Association of Real Estate Investment Trusts (NAREIT), with And all but one sector of the market producing double-digit total returns.

By Staff |July 16, 2012

2 min read

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Canadian housing starts rise

Canadian builders were busy in June; housing starts increased to 222,700 units, up from 217,400 in May, says the Canada Mortgage and Housing Corporation. “The increase was mainly due to multiple urban starts in Quebec and British Columbia,” says Mathieu Laberge, deputy chief economist at CMHC’s Market Analysis Centre. The group expects the pace of […]

By Staff |July 11, 2012

1 min read

Decorative pattern

Canadian real estate at a tipping point: report

Canadian home prices went up in Q2 and will continue to rise in areas such as Toronto and Winnipeg, says the latest Royal LePage report. But, findings suggest the country’s residential real-estate market is at a tipping point, with some areas likely too expensive for buyers at the current levels. Read: Advice for repeat homebuyers […]

By Staff |July 10, 2012

2 min read

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OSFI releases mortgage underwriting principles

The Office of the Superintendent of Financial Institutions (OSFI) has released the final version of its Residential Mortgage Underwriting Practices and Procedures guideline, which sets out expectations for prudent residential mortgage underwriting. It builds on the Financial Stability Board’s international Principles for Sound Residential Mortgage Underwriting Practices, released in April 2012, and the OSFI’s own […]

By Staff |June 21, 2012

2 min read

Decorative pattern

Economic Indicators

Housing: Will the bubble burst?

So far, Canada has avoided a catastrophic housing crash. And, while it’s unlikely a popping of Canada’s housing bubble would resound worldwide, it would be a downer domestically.

By Staff |June 21, 2012

2 min read

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