Market update

  • Home prices up slightly in April by Jamie Henry | 15 May 2014

    Canadian resale home prices rose in April, but the start of the spring selling season appeared milder than usual, according to the Teranet-National Bank Composite House Price Index. read more

  • Toronto condo market misjudged: builders by Jamie Henry | 15 May 2014

    Builders of Toronto condominiums get as little respect these days as the embattled mayor, according to one of the city’s largest high-rise developers, reports Bloomberg News. read more

  • Mortgage rate lower than 2% surfaces by Jamie Henry | 14 May 2014

    The mortgage market was abuzz after Investors Group offered a rate well below the current standard of around three per cent, reports CTV News. read more

  • Appetite for debt stabilizing: RBC by Jamie Henry | 14 May 2014

    While credit growth among Canadian households edged up in March, the appetite for residential mortgages has stabilized at the same time as the housing market is showing signs of moderation, reports The Financial Post. read more

  • Realtors tell gov’t housing market still ‘balanced’ by Jamie Henry | 14 May 2014

    Canada’s realtors told Prime Minister Stephen Harper that the country’s housing market is essentially balanced, as they kicked off a lobbying effort in Ottawa, reports The Globe and Mail. read more

  • More than housing, it’s economic strength by Jamie Henry | 13 May 2014

    The land development and housing industry is the GTA’s economic engine, according to a new report from the Canadian Home Builders’ Association. read more

  • Was April surge in housing a one-off? by Jamie Henry | 13 May 2014

    Real estate market observers may have experienced whiplash after seeing Canada housing starts plummet in March, only to skyrocket again in April, reports the website buzzbuzzhome. read more

  • Scotiabank offers unique mortgage bonus by Jamie Henry | 13 May 2014

    The Bank of Nova Scotia is offering $500 in free Canadian Tire money with a mortgage, after the bank acquired of a slice of the retail giant’s lucrative credit card operation, reports The Financial Post. read more

  • Strong home prices expected amid slowing sales by Jamie Henry | 12 May 2014

    The Canadian Real Estate Association will be releasing April’s housing data this week, and the report is expected to show that prices are strong even though sales have been lacklustre, reports The Globe and Mail. read more

  • Canada’s next housing bubble: real estate agents by Jamie Henry | 12 May 2014

    The housing boom has not only resulted in record real estate prices, it has spawned an unprecedented number of realtors, reports The Financial Post. read more