Canadian home prices rise to new record

Financial Post Staff  Sep 28, 2011 – 10:10 AM ET | Last Updated: Sep 28, 2011 10:48 AM ET OTTAWA — Resale home prices in Canada rose in July for the eighth consecutive month to a new record high, according to the Teranet-National Bank Composite House Price Index. The index, which tracks price changes for repeat sales of […]

Mortgage debt threatens boomers’ retirement plans

Mortgage debt threatens boomers’ retirement plans Nearly half of Canada’s baby boomers are still paying down their mortgage and view their level of debt as an obstacle to reaching their financial goals. A poll released Wednesday by CIBC and conducted by Harris-Decima said that as the country’s largest demographic moves closer to retirement, 46 per […]

Alberta renovation spending to lead country 1.7% growth in 2011, 4.9% in 2012

CALGARY — Renovation spending in Alberta is forecast to lead the country in year-over-year growth this year and in 2012, according to a report by the Altus Group, an economic consulting firm. The report said spending in Alberta on renovations hit $5.7 billion in 2010, which accounted for 9.5 per cent of all spending in […]

Rate of Home Price Appreciation Stabilizes after Post-Recession Recovery

Home values continue to rise, according to Royal LePage TORONTO, April 12, 2011 – The Royal LePage House Price Survey released today showed the average price of a home in Canada increased between 3.5 and 4.3 per cent in the first quarter of 2011, compared to the previous year, as markets continued their post-recession recovery. […]

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