Could this market be the next to implement a foreign buyer tax?
It was always going to happen but while last week the big lenders were reluctant to pass on the Bank of Canada’s interest rate cut to borrowers, this week there’s talk of a price war.
There’s a reported shortage of building land for single-family homes in Calgary.
A further 0.25 per cent cut in interest rates is being forecast for March in a new report from the TD Bank.
Canadians are increasingly pessimistic on the economy and house prices.
Finance Minister Joe Oliver has said he will not interfere with the housing market – or force banks to lower their interest rates, despite the Bank of Canada’s announced rate cut.
Recent rate cuts to both prime and fixed mortgage rates will likely have clients considering both fixed and variable rates. Which one will prove to be the best option?
A new study has revealed that the average office employee receives a staggering 1,738 inane emails every year – many of which would be better expressed in person.
Listings are up while sales plunge.
Although an interest rate cut has the potential to increase consumer spending some analysts are suggesting this time will be different.
South of the border figures from the National Association of Realtors show that sales of existing homes increased in December by 2.4 per cent.