With interest rates still rock-bottom and bidding wars turning post-war bungalows into million-dollar properties, the Ontario government is bringing in new rules to crack down on unethical real estate agents that try to pump up housing prices with “phantom” offers.
LONDON (Reuters) - The Bank of Canada's January interest rate cut has bought it time to examine the effects of cheap oil on the economy, Governor Stephen Poloz said on Thursday in remarks that could signal the bank will hold rates steady next month.
Toronto’s record house prices could soar a further 17 per cent by the end of 2017 as the lack of supply in the face of unrelenting demand continues to drive prices far beyond the rate of inflation, says the chief economist of Central 1 credit union.
You've cut back on lattes, taken a soul-crushing job on Burrard Street or 2nd Street SW, and borrowed from mom and dad. Congrats! You're ready to put down a chunk of cash to cover the 20% downpayment on a property. But don't make newbie mistakes ...
How high does your income need to be to buy a home in Canada? The salary range is wide: In Trois-Rivières, your salary would need to be $39,379 to buy a home, while in West Vancouver your income would need to be $320,932.
Sales of existing homes in Canada rose in February from January as gains in the biggest markets of Toronto and Vancouver offset a faltering market everywhere else, the Canadian Real Estate Association said on Friday.
The further decline in oil prices since CREA’s last forecast has shaken consumer confidence in the Prairies, pushing potential homebuyers to the sidelines and prompting more homeowners to put their home on the market. This has led to a rapid shift in market balance in Alberta, and to a lesser extent, Saskatchewan. Annual sales in these provinces are expected to come in well below elevated levels posted last year, with small declines in average residential prices in 2015.
Ottawa, ON, March 13, 2015- According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged up slightly on month-over-month basis in February 2015.
Royal Bank of Canada's chief executive officer delivered an upbeat view of the Canadian housing market to a New York audience, just a day after the International Monetary Fund expressed concerns about it.
TORONTO (Reuters) - Canadian housing starts plunged to their weakest level since 2009 in February, a drop blamed partly on severe winter weather that nonetheless added to fears Canada's post-recession housing boom will stall this year.
OTTAWA (Reuters) - The Bank of Canada held interest rates steady on Wednesday, in line with indications it sent out over the past two weeks, signaling it was satisfied with how markets and the economy have reacted to its surprise rate cut in January.
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