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 report from consulting firm Altus Group predicts that condo building could push overall housing starts to record levels this year.
Edmonton is seeing increased interest and the population growth is pushing prices higher.
Those who live in Nova Scotia will be pleased with the news that fracking will be banned in the province, albeit for a temporary period.
The chief risk officer for Canada at Toronto-Dominion Bank says that overbuilding of condos is a risk to the housing market.
Figures from the Calgary Real Estate Board show that the market was still vibrant in August, with MLS sales increasing for the 17th consecutive month.
Insurance Bureau of Canada reports that the preliminary estimate for insured damage caused by heavy rains and flooding in the Burlington, Ontario area in early August was just over $90 million, according to Property Claim Services.
Times are changing; when once condo owners wanted cool cafes and bars nearby, now the thrifty Canadian homeowner wants to be able to pick up groceries without too much of a journey.
It seems to be an inbuilt part of the human psyche that draws us to the sea; not necessarily in it but certainly within view.
Experts say that if a home is older than the 1990s then there’s a fair chance of asbestos being present somewhere.
We’ve been hearing it for a while, it’s been denied by officials and ignored by many homeowners…. but a growing number of economists are now predicting a bubble that will burst.