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Home Price Go Negative For The First Time Since 2009
Posted March 26, 2019
Posted March 26, 2019
According to the Canadian Real Estate Association (CREA), the benchmark home price has declined significantly into February. It’s notable that the busy season for 2019 will have Canadian real estates markets shivering, as their price growth hits the negative region. A decline of this magnitude hasn’t been seen since 2009. Last month, the average home...
For Those Looking To Buy A House, The CMHC May Just Be Willing Help You Out
Posted March 22, 2019
Posted March 22, 2019
The Canadian government’s ‘shared equity mortgage’ plan is one that earmarks nearly $1.25 billion over a 3 year period. 2019’s federal budget is one that may be somewhat endearing for those looking to buy a house or their first home or any house at all for that matter. One specific pitch among the budget is...
Ottawa Wants To Help Millennials To Buy Homes
Posted March 18, 2019
Posted March 18, 2019
In Ottawa, millennials are struggling to buy homes. Although the capital has decided on helping those in need, the Royal Bank of Canada (RBC), says there really isn’t any sort of “magic bullet”. The federal budget release is pending, leaving many on the edges of their seats, for the millennial housing crisis is in full...
As Canadian Growth Rates Slow, Borrowing Rates Are Rapidly Ascending
Posted March 14, 2019
Posted March 14, 2019
According to the Bank of Canada, lenders in Canada have begun to effectively stall on rising rates and borrowing rates are rapidly ascending. This stall has reportedly been held for five weeks, consecutively. As a byproduct of this stalling, annual growth is dropping. This phenomenon is rarely seen, despite the years leading up to 2016....
Hamilton-Burlington real estate sales jump in February
Posted March 06, 2019
Posted March 06, 2019
According to the RAHB, home sales are increasing steadily by the month. In Hamilton and Burlington, 735 homes were sold last month alone. When comparing this to January, a nearly 24 percent increase is present. When compared to February or last year, a 4 percent drop is also present. According to George O’neill, CEO of...
Looking to sell a house? It’ll take this long among Canada’s 63 real estate markets.
Posted February 26, 2019
Posted February 26, 2019
When discussing real estate markets, overvaluation, and plenty of other related things, it’s common to report on major cities like Toronto and Vancouver, however, not everyone lives in these cities. Many readers want to hear about their own places of residence and how long it takes to sell a house in their area. They want...
Listen Up Canada, It’s Time To Ditch The Big Six
Posted February 15, 2019
Posted February 15, 2019
It’s not often that a change in rates makes a company skyrocket to headlines of the next morning paper, but when it does, those companies are most likely among the following. CIBC, RBC, TD, BMO, the National Bank of Canada, and Scotia bank. Yes, the big six. The banks that essentially run the real estate...
Vulnerable Today, Thriving Tomorrow – Canadian Real Estate
Posted February 13, 2019
Posted February 13, 2019
According to Canada Mortgage and Housing Corporation, the Canadian real estate market has continued to ease up in terms of its extremely high value. However, major cities such as Toronto, Mississauga and Victoria are deemed to be in an extremely vulnerable state. These reports are all but familiar, for this is the tenth subsequent quarter...
Canadian Real Estate Experiencing The Worst Declines Since The Last Recession
Posted February 04, 2019
Posted February 04, 2019
Canadian real estate has been on the rise for the past few years, but as of 2018, that statement can no longer be deemed correct. Sales among Canadian real estate have dramatically slowed, with a notable drop of 11%. According to the Canadian Real Estate Association, this drop is larger than any we’ve seen for...
