Canada’s house prices still rising but sales stall for third straight month – Ask a Vancouver Mortgage Broker

TORONTO — The latest real estate results look impressive for seven-figure homes but the story is not as dramatic once you factor out Canada’s two most expensive cities and look at three months of falling sales. Prices across the country rose 10.4% in December from a year ago to an average of $389,119, according to […]

The rising tide of home ownership may have finally met its match – Ask a Vancouver Mortgage Broker

Maybe there is one temptation out there to get Canadians to stop buying homes. Cheaper rent. Women the new ‘wildcard’ in the condo market The growing number of women buying condos might be creating a paradigm shift in the industry that planners didn’t expect. Find out more Anyone sitting on the sidelines considering whether to buy […]

Rebound continues in Canada’s housing market- Ask a Vancouver Mortgage Broker

TARA PERKINS – REAL ESTATE REPORTER Home sales continued to be strong in a number of major cities in November, with preliminary local data indicating that the country’s housing market is still rebounding. The number of homes that changed hands by way of the MLS system in greater Toronto last month came in 13.9 per cent […]

Canada’s two largest real estate markets are surging – Ask a Vancouver Mortgage Broker

Home sales in Canada’s two largest cities continued their surge in August from a year earlier. Why real estate doomsayers continue to be wrong Still believe Canada’s housing market is going to implode? You’re not alone, but it hasn’t happened yet. Read more Sales in Toronto, the largest market, rose 21% from August last year to […]

2013 housing sales off to better start than expected – Consult with a Vancouver Mortgage Broker

Canadian Press | 13/06/17 |  Sorry to inform you, but ‘The Great Real Estate Crash of 2011…no…2012…no…2013′ has been postponed OTTAWA — The number of Canadian homes sold so far this year is slightly higher than projected and it looks as if 2014 will show a rebound, according to a new forecast by the Canadian real estate industry’s […]

Even in a real estate slump, Canadians lured into bidding wars- Consult with a Vancouver Mortgage Broker

Garry Marr More from Garry Marr | @DustyWallet People still willing to jump into real estate bidding wars might want to ask themselves why they want to be part of such a buying frenzy in this softening market. Get ready condo flippers, Canada Revenue Agency is hunting you With the deadline for filing taxes this month, you might […]

Are stubborn sellers killing the real estate crash? – Ask a Vancouver Mortgage Broker

Like many others, Toronto public relations manager Megan Vickell is sitting on the real estate sidelines dreaming of bargains to come. What direction are home prices headed? Depends on who you ask After a dropoff in sales, the debate over the future of Canada’s housing market has come down to an argument over how much […]

Is Canada’s housing market finally starting to cool?

The Globe and Mail Fewer housing sales and more listings may bring some long-awaited balance to the Canadian housing market, says the latest report from the Canadian Real Estate Association. While home prices are still on the up, a drop in sales activity in June points to a possible chill in Canada’s housing market. Robert Hogue, a […]

Canadian real estate market a tale of two cities

ANDY HOFFMAN AND NICOLAS JOHNSON VANCOUVER AND TORONTO— From Tuesday’s Globe and Mail It’s a title Vancouver is more than happy to relinquish. Canada’s hottest real estate market is finally cooling off, new sales figures show, much to the relief of those who have grown weary of talk of a West Coast property bubble. At more […]

Home ownership becoming more affordable despite rising debt

By Julian Beltrame OTTAWA—Despite ongoing concerns about household debt, home ownership is becoming more affordable in Canada, not less, says new research by the Royal Bank. RBC’s latest report says home affordability actually improved in the final months of 2011 for the second consecutive quarter, thanks to softening house prices and income gains. Owning a […]

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