The government appears to have ignored the industry’s call to curb mortgage rule tweaking until last round’s impact is fully realized
As Canada’s five major banks announced prime-rate reduction for mortgages, Ontario’s largest credit union stepped up to deliver a cut of its own.
One major market recorded its third best year for condo sales on record in 2014, and saw a marked increase year-over-year.
Consumer confidence is hitting the property market in Calgary says the Calgary Real Estate Board.
The market for condos in the Greater Toronto Area is likely to be slower in the coming months due to the impact of weaker oil prices.
The Toronto Real Estate Board will be making recommendations to the city’s budget committee today in a bid to tackle housing affordability.
Finance Minister Joe Oliver has assured Canadians there is no housing bubble developing, despite record low interest rates that may entice some buyers to purchase more home than they can likely afford.
It’s been a whirlwind week following the Bank of Canada’s announced rate change and the industry could be in for even more disruption come March, according to a growing chorus of financial institutions predicting further cuts.
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More Canadians are considering become homeowners as lower interest rates make it even more attractive.
The International Monetary Fund says that Canada’s housing market is up to 20 per cent overvalued.