Housing sales in July highest since early 2010

Sales of existing homes rose for the sixth month in a row in July, hitting their highest level since March 2010, as some of the country’s softer real estate markets sprung to life. Cities such as Montreal, Ottawa, Victoria, Winnipeg and Halifax received a sales boost from June on a seasonally adjusted basis, even as […]

Price surge fuels Canadians’ optimism about housing market to highest since before financial crisis – Consult with a Vancouver Mortgage Broker

Canadians are the most optimistic about the country’s real estate market in a more than six years as prices reignite. Secret path revealed for China billions buying pricey homes in Vancouver, N.Y., Sydney Allegations of Bank of China money-laundering has uncovered a scheme to sidestep currency restrictions that is fuelling property booms in Canada, U.S. […]

Even economists say they continue to be surprised by Canada’s housing market – Consult with a Vancouver Mortgage Broker

Record low interest rates have have forced Toronto-Dominion Bank to boost its forecast for the Canadian housing sector. 5 questions to help you decide whether to rent or buy a home Economist Diana Petramala said in an economic report that TD’s forecast in January was banking on an increase in interest rates that has not […]

Credit unions: A cheaper, under-the-radar mortgage option – Ask a Vancouver Mortgage Broker

When you last shopped for a mortgage, did you consult with a credit union? If you’re like more than four out of five recent home buyers, you didn’t. Most mortgage shoppers overlook credit unions (CUs) because they think the rates aren’t good enough, or CUs aren’t convenient enough, or that they’ll save more by consolidating banking at […]

Home prices showing ‘early signs of accelerating’ – Consult with a Vancouver Mortgage Broker

The Globe’s new Real Estate Beat offers news and analysis on the Canadian housing market from real estate reporter, Tara Perkins, and others. Read more on The Globe’s housing page and follow Tara on Twitter @TaraPerkins. Canadian home prices appear to be picking up a little steam. The gains come even after a sluggish winter for home sales, and […]

How badly would you be hurt in a housing market price correction? – Ask a Vancouver Mortgage Broker

A question for everyone who thinks houses are an investment: How much would a market decline hurt you? Help yourself be a smarter homeowner by using The Globe and Mail’s Housing Price Correction Calculator to find out. Housing bulls, don’t self-combust. Our calculator shows the result of both price gains and losses over the next five years. […]

Ed Clark ‘supportive’ of Finance Minister Joe Oliver’s hands-off approach in mortgage wars

Toronto-Dominion Bank chief executive Ed Clark is throwing his support behind Finance Minister Joe Oliver’s decision not tell banks how to price their mortgages. Top economist calls out Ottawa on ‘unhealthy’ lack of information about housing market Crucial information needed to assess the health of our housing market is not available in Canada, and without […]

Canadian snowbirds’ dream of U.S. vacation home fading fast – Ask a Vancouver Mortgage Broker

The hundreds of thousands of Canadian snowbirds who flock to the United States are being hit by a falling loonie that should see their purchasing of U.S. winter homes start to slow, says a new report. Here’s what $500K buys in Canada’s housing markets: A lake in Edmonton … a condo in Toronto From four […]

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 […]

Home shoppers, don’t rush to buy just to lock in a cheap mortgage – Consult with a Vancouver Mortgage Broker

ROBERT MCLISTER– Special to The Globe and Mail The idea that low mortgage rates are gone forever sent Canadian home shoppers into a panic this summer. Thousands rushed to use their rock-bottom pre-approved mortgage rates and buy a home, contributing to a20 to 50 per cent spike in sales last month in Canada’s biggest housing markets. But […]

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