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Housing Starts
Posted April 12, 2019
Posted April 12, 2019
Following a significant slowdown late February, the Canadian housing market’s annual has started up as of March. This information comes from a report released by the Canada Mortgage and Housing Corporation. According to CMHC, the Canadian housing market starts spiked upwards up to nearly 200,000 units, at 192,527. In February we saw 166,290. The increase...
Toronto’s Housing Market Redefined
Posted April 09, 2019
Posted April 09, 2019
According to the Toronto Real Estate Board, it takes 11 days longer to sell a home than what was previously thought and displayed. TREB’s 50,000 plus customers are to be provided with a complex, yet refined look at how the Toronto housing market is actually doing. This report was released by Jason Mercer, director of...
The Lowest It’s Been Since 2017, Canada’s 5 Year Government Debt Yield Drops
Posted April 03, 2019
Posted April 03, 2019
The Canadian economy is currently in a period of gloom, yet for most mortgage-holders, that gloom isn’t all that bad. As the debt yield on a five year bond drops, the cost of financing a loan drops as well. The yield has continuously dropped since 2018, and as of this Monday, it was holding at...
Real Estate Contributing Less To The Canadian Economy
Posted March 29, 2019
Posted March 29, 2019
According to Craig Alexander, chief economist of Deloitte Canada, the Canadian economy isn’t receiving nearly as much support from the real estate market, as well as consumer spending as it once did. Craig Alexander’s new study attempts to warn readers that “a year of economic transition, both internationally and in Canada” is ever so present...
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...
