Home sales ended 2017 with a rise in sales ahead of the mortgage stress test which came in at the start of the New Year
Some of Canada’s largest real estate boards and associations have reported strong activity in home sales as the summer buying season gathers pace.
The weekly index of Canadian consumer confidence from Bloomberg/Nanos is at a two-year low, down to 52.31 last week from 53.41 a week earlier.
The annual Mortgage Alliance Rally of Hope has raised $135,000 for the Canadian Cancer Society.
New data from the Toronto Real Estate Board show that less commercial space in the area was leased in July 2015 compared to a year earlier.
Sales of homes in the Vancouver metro were running at about a third more than the ten-year average in July despite inventory remaining tight.
Realtors in Saskatoon had a busier July than normal with 444 sales in the month making it the second-highest July in the past ten years; the highest was in 2013 when there were 462.
The Bank of Montreal is predicting that Canada is heading for its worst non-recession performance in more than 50 years.
The long-running debate about the level and impact of foreign investors on the hottest housing markets in Canada typically refers to legitimate buyers but it appears there is a shadier side.
July saw another double-digit drop in home sales in Calgary according to new data from the city’s real estate board.
HomEquity Bank, the reverse mortgage bank for over 55’s, has recorded a record high for reverse mortgage originations, $41 million in July.