In the year 2000 the bank lending interest rate in Canada was 7% but by last year it had fallen to 2.7% while incomes increased, more than doubling the amount that homebuyers could borrow
A new CREA report sees condo sales up for Canada’s major cities despite sinking oil prices, and says the trend shall continue for the rest of the year.
Online marketplaces like Airbnb are helping homeowners get even with their mortgages and debts. All it takes for them is to turn an extra bedroom or partitioned living room into income-generating spaces.
Consumers are growing concerned about the health of the property market, making it harder for brokers to complete sales.
Alberta is showing signs of an economic slowdown as its property market weakens and consumer confidence wanes. Industry experts attribute the signs to the fall of crude prices across Canada.
A slight dip the cost of in brand-new homes in Greater Vancouver were found year-over-year to November of 2014 despite an average price increase across Canada, a new report shows.
New data from Deutsche Bank’s chief international economist Torsten Slok claims Canadian residential real estate is dramatically overvalued by 63%.
A new report by Sotheby's International Realty said sales of homes worth over $1m jumped in four major Canadian property markets in 2014 – a trend that may likely continue this year.
Plummeting oil prices are making the Calgary housing market one of the hardest to predict, as far as the Sotheby’s International Realty Canada is concerned.
The Realtors Association of Edmonton predicts the region’s housing market is set to “slow down but still hold steady” this year amid the ongoing collapse in oil prices.
While Winnipeg may be one of the most affordable housing markets in the country, experts claim it may not be cheap enough for many Canadians.