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The following is an excerpt of the Economic Update for Q3 2016 released by VERICO’s Economic Consultant Michael Campbell. Read the full report on the VERICO blog The biggest immediate impact of the UK vote and the rise of anti-EU parties will be on the currency markets because the euro will no longer be […]
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2016 and 2017. Canadian resale housing market trends that defined 2015 have intensified. National sales activity and average prices reached new heights in the first half of […]
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales dropped in May 2016 after having set an all-time monthly record in April. Highlights: - National home sales dropped 2.8% from April to May - Actual (not seasonally adjusted) activity was up 9.6% compared to May 2015 - The number of newly […]
Going green at home is a great way to save the environment while saving money on your home. Also, thinking green throughout the year can offer some significant benefits. Here are 6 money saving tips that benefit your wallet and the environment. 1. Insulate well A good insulation will keep your house cool in the summer and […]
(NC) You've bought a tool belt and are ready to go. For many, one of the joys of home ownership is renovating the property to improve its appearance, for better use of space, and also to protect the investment. Before you start, however, there are some important considerations. While it's common practice to buy insurance […]
On May 30, 2016, Canada Mortgage and Housing Corporation (CMHC) released its first quarter financial results as well as supplemental data on the Corporation’s Mortgage Loan Insurance, Securitization, and Covered Bonds business activities. Report Highlights - During the first quarter, CMHC provided mortgage loan insurance for over 83,000 units across the country. - Total […]
The Bank of Canada 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. The current rate is expected to stay where it is well into 2017, depending on economic conditions in the United […]
