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The trend measure of housing starts in Canada was 198,053 units in December compared to 200,105 in November, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. CMHC uses the trend measure as a complement to the monthly […]
The following is an excerpt of an article written by VERICO’s Economic Consultant Michael Campbell and published on the VERICO blog. Read the full article on the VERICO blog There is no pressure in Canada to raise rates says VERICO Economist, Michael Campbell. "While 3rd quarter economic growth was good, the recovery in energy in the […]
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were down on a month-over-month basis in November 2016. Highlights: National home sales fell 5.3% from October to November Actual (not seasonally adjusted) activity remained 1.6% above levels in November 2015 The number of newly listed homes edged down 0.4% […]
This morning B.C. Premier Christy Clark announced the Home Owner Mortgage and Equity (HOME) Partnership program. Through the B.C. HOME Partnership program, the Province is helping first-time home buyers by contributing to the amount they have already saved for a down payment with a loan that is interest-free and payment-free for the first five years. Here […]
Are you thinking about moving in together? This decision might be an opportunity to improve your financial situation by combining your income and expenses and doing some long‑term planning. Advantages of a relationship Being a couple is bound to have an impact on your income and expenses. Living under the same roof is much less […]
The share of foreign ownership in condominium apartments remains low in major Census Metropolitan Areas (CMAs). This analysis is the result of combined insight from two Housing Market Insight reports released by Canada Mortgage and Housing Corporation today — a national look at foreign ownership and a second report delving deeper into Montréal. National Report Highlights - Foreign […]
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Economic data suggest that global economic conditions have strengthened, as the Bank anticipated in its October Monetary Policy Report […]
