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
New figures from The Real Estate Board of Greater Vancouver show that, excluding the most expensive properties, the benchmark price of a typical detached home is now close to $1 million.
A new round of city-provincial tax credits have been imposed on developers of downtown residential-housing units across Winnipeg.
Stephen Poloz is expected to extend the run of low interest rates when the Bank of Canada’s decision is announced tomorrow.
A new survey shows that Canadians don’t necessarily see their home loan as a debt.
Calgary’s resales market continues to show plenty of energy and prices are starting to level out.
Among the many Black Friday bargains on offer today, a mortgage broker announced a 24-hour promotion on home loans with a rate of just 2.59 per cent for a 5-year-fixed rate mortgage and 2.05 per cent for a variable rate.
The Canada Mortgage and Housing Corporation has released its third-quarter financial results
Owners of condos should check their liability in the event of flooding.
The Bank of Canada will announce its latest interest rate decision on Monday and is being urged not to change it from the current low.
Reducing the federal government’s exposure to risk from the housing market is a long term aim of finance minister Joe Oliver, but so far there’s no plan to do it.