CREA revision led by two obvious markets
The Canadian Real Estate Association (CREA) has upwardly revised its forecast for annual housing sales in 2014 and 2015, projecting 481,300 units in 2014 – an annual increase of 5.1 per cent and the strongest annual sales since 2007.
Canadian mortgage and title insurers to launch new association
A number of mortgage and title insurers signed a letter of intent Friday to formalize their commitment to launching a new industry association.
CMHC fee increases could add hundreds of dollars to mortgage cost
CMHC is to triple the charges it makes to some financial institutions.
November turns cooler, even in the hottest markets
House prices were down by 0.3 per cent nationwide in November with cooler conditions even blowing through Calgary and Toronto.
CMHC sheds 215 jobs
The Canada Mortgage and Housing Corporation is cutting 215 jobs at its head office in Ottawa and regional offices.
Scotiabank breaks from the pack with interest rate prediction
Most economists forecast that the first interest rate rise will be in the second half of 2015, possibly in the fall.
No crash on the horizon, according to major source
Another day, another opinion about a potential housing crash is voiced; this time, however, it’s optimistic and the source is influential.
Lender enters CMBS market
A major monoline lender has re-entered the commercial mortgage backed securities (CMBS) market, a decision made, in large part, due to investor demand.
Brokers have agents’ backs
The fight against FSBOs has been reignited with Quebec’s lawsuit against a major private seller, but this time agents have a mortgage broker army backing them, saying licensed sales reps provide a safeguard for potential home owners during the buying process.
Vancouver and Hamilton lead the growth in new house prices
The latest New Housing Price Index shows that Vancouver and Hamilton outpaced the rest of Canada in October.