Pricy properties hit the market following last month’s Ontario mortgage plan
Following the central bank’s move to maintain its overnight rate, industry professionals across the country are already speculating about the effect the move – or lack thereof – will have on broker business.
Homebuyers in Canada’s larger city centres are wising up to the fact that home prices aren’t about to tumble, sending February sales through the roof.
After the Bank of Canada’s decision yesterday to hold steady on the 0.75 per cent interest rate many analysts now say that another rate cut this year is unlikely.
The average cost of a single-family home in Toronto has now risen above $1 million.
It’s reported that the Canada Housing and Mortgage Corporation privately flagged up its concern in the level of household debt and house prices last year.
The Lower Mainland saw increased activity last year in commercial real estate, with sales and values hitting 5-year highs.
There has been much speculation since the Bank of Canada’s surprise rate cut in late January, but have the predictions come true?
Just prior to the Bank of Canada’s rate announcement four industry leaders predicted where rates will go within the next 30-45 days, and a consensus was reached.
In our annual nod to the up-and-coming industry professionals, our Hot List features 50 rising stars.
Month-over-month MLS sales of homes in Greater Vancouver surged by 60 per cent in February with 3,061 sales compared to 1,913 in January.