Market update

  • Home affordability caught in a tug of war by Jamie Henry | 27 May 2014

    The affordability of homes in Canada is caught in a tug of war between rising prices and lower mortgage rates. But the Royal Bank of Canada predicts that that’s all about to change. read more

  • Sales of high-end real estate soaring by Jamie Henry | 27 May 2014

    Sales of high-end homes in Toronto have surged this year, outstripping the growth in sales of more modestly priced homes, reports The Globe and Mail. read more

  • Over asking price not what it seems by Jamie Henry | 27 May 2014

    The stories of homes selling for over asking price might look like a hot market, but according to the website Business In Canada, that gives the wrong impression about the real estate market. read more

  • GTA new home sales continue to climb by Jamie Henry | 26 May 2014

    New-home sales in the GTA remain strong as April figures show continuous improvement over 2013, according to the Building Industry and Land Development Association (BILD). read more

  • How you might save on your mortgage by Jamie Henry | 26 May 2014

    Canadians who switch mortgages and first time home buyers get better deals from bank than existing customers, reports the Toronto Star. read more

  • Spring clean your finances by Jamie Henry | 26 May 2014

    Now that spring has arrived, people should also consider adding finances to their spring cleaning list, according to an Alberta-based, not-for-profit credit counselling agency. read more

  • CMHC sees softer starts, higher prices in 2014 by Jamie Henry | 23 May 2014

    CMHC lowered its forecast for housing starts but not prices in 2014 and said sales and construction will be flat or barely higher in 2015 as the once-roaring market adjusts to a glut of condominiums coming onto the market, reports Reuters. read more

  • Canadians focused on paying down debt with tax refunds by Jamie Henry | 23 May 2014

    A CIBC poll finds that almost half (44%) of Canadians who have received a tax refund plan on using their windfall to pay off credit cards, debt or bills rather than saving or investing it. read more

  • U.S. existing home sales rebound by Jamie Henry | 23 May 2014

    U.S. home resales rose in April and the supply of properties on the market increased, suggesting the housing market was regaining its footing, reports Reuters. read more

  • Finance Minister: no housing or mortgage crisis by Jamie Henry | 22 May 2014

    The Canadian government is watching the housing and mortgage market carefully, but does not see a crisis, Finance Minister Joe Oliver told Reuters. read more