Market update

  • Stability for Spring mortgage rates by Jamie Henry | 09 May 2014

    May will bring flowers - but there's no growth in store for the Canadian cost of borrowing, according RateSupermaket.ca’s monthly panel of mortgage experts. read more

  • Housing starts pick up in April by Jamie Henry | 08 May 2014

    Canadian housing starts picked up more than expected in April, according to CMHC, supporting expectations that the housing market is stabilizing. read more

  • New home prices rise in March by Jamie Henry | 08 May 2014

    The price of new homes in Canada rose 0.2 percent in March, for the third straight month, according to Statistics Canada data, reports Reuters. read more

  • Building permits fall: StatsCan by Jamie Henry | 08 May 2014

    The value of building permits issued in Canada fell in March but plans for housing construction inched higher after a steep fall in February, according to Statistics Canada data, reports Reuters. read more

  • OECD calls for mortgage reform by Jamie Henry | 07 May 2014

    Canada should reduce the risk of a housing correction by making mortgage lenders shoulder more risk, the OECD says in a new forecast, reports The Canadian Press. read more

  • Stress test your mortgage by | 07 May 2014

    We know rates are going to rise, but we don’t know when. Stress-testing for the future rate hike is an exercise that financial and mortgage brokers recommend highly, reports Yahoo Finance Canada. read more

  • Toronto condo land prices take a breather by Jamie Henry | 07 May 2014

    Developers appear to be a little less eager to scoop up land in the Toronto area to build condos on, reports The Globe and Mail. read more

  • RBC offers ‘employee pricing’ mortgages by Jamie Henry | 06 May 2014

    The Royal Bank of Canada is taking a page from auto dealers by offering “employee pricing” to home buyers, reports The Financial Post. read more

  • Toronto home prices up 13% by Jamie Henry | 06 May 2014

    The average price of a home in the City of Toronto hit close to $1 million in April as the GTA continues to be plagued by a shortage of new listings, according to the Toronto Real Estate Board. read more

  • CMHC business shrinking by Jamie Henry | 06 May 2014

    The nation’s largest provider of mortgage default insurance keeps shrinking and that seems to be okay with the people now running Canada Mortgage and Housing Corp., reports The Financial Post. read more