Market update

  • Budget says demand for credit stable among Canadians by Dane Dandan | 22 Apr 2015

    Despite the record levels of household debt last quarter, Ottawa has showed that Canadians’ appetite demand for credit has stabilized, thanks to home ownership. read more

  • Home sales and prices up in Canada for March by Dane Dandan | 22 Apr 2015

    Canada’s home sales have jumped by 4.1% from February to March, with the average housing price also rising but “slewed” by growth in Toronto and Vancouver. read more

  • Canada’s housing market overvalued 35% by | 21 Apr 2015

    The Economist magazine has surveyed housing costs around the globe and found that Canada’s housing prices are overvalued by 35 per cent when side by side with Canadian incomes. read more

  • Edmonton housing market remains strong by | 17 Apr 2015

    Edmonton’s housing market showcases strong growth amid uncertainties in its energy sector, a study by Royal LePage has revealed. read more

  • One third of Canadians understand home loans by | 16 Apr 2015

    Only 33 per cent Canadian homeowners admit that they have read their entire mortgage agreement, a recent study by Scotiabank has revealed. Worse, only 27 per cent fully understood the details of their home loans. read more

  • Halifax house prices; modest increase by | 16 Apr 2015

    Halifax has had a modest increase in its housing prices for the first three months of 2015, new data from Royal LePage has revealed. read more

  • IMF warns of housing bubble as rates fall by | 15 Apr 2015

    The International Monetary Fund (IMF) has expressed concerns over the prevailing low mortgage rates in Canada, warning that a housing bubble could transpire. Its latest World Economic Outlook also dropped its expected economic growth for the country from this year to 2016. read more

  • Resale home prices up 4.7%, Teranet study says by Dane Dandan | 15 Apr 2015

    The latest Teranet housing index has found Canadian resale home prices to be up 4.7 per cent across Canada in March, showing a strong beginning to the spring house-buying season. read more

  • How much can you afford to borrow? by WM | 14 Apr 2015

    So you want to buy a house – congratulations! But, unless you can pay for the entire property in cash, getting the keys to your own place is going to be a long road, and it’ll start with getting a mortgage. read more

  • Kelowna's housing starts remain steady by | 14 Apr 2015

    The latest report from the Canada Mortgage and Housing Corporation (CMHC) has revealed Kelowna’s housing starts remain steady, with 1,417 units in March compared to February’s 1,456 units. read more