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Canada Mortgage and Housing Corporation (CMHC) released this week the Housing Market Outlook - Canada Edition for the Second Quarter of 2016. The economic and housing report provides an outlook for the housing market reflecting the evolution of risks since the fourth quarter of 2015. Here are some highlights from the report. Housing Starts On an […]
According to statistics released by The Canadian Real Estate Association (CREA), the number of homes sold in Canada in April 2016 hit a new record. But while sales rose to their highest level ever, supply shrank, particularly in the Toronto area. The number of new homes put up for sale slipped 3.7 per cent from a year […]
(NC) Interior design trends continue to straddle the outdoors – and nowhere is it more exciting than in this year's designs for the perfect patio oasis. No matter whether your outdoor space is large or small, there are now more options than ever to replicate the comfort and beauty found inside our homes with the […]
(NC) They both start with the letter 'd', and they both require a large sum of money to secure the purchase of a home. However, a 'deposit' and 'down payment' are very different. “A lot of my first-time home buying clients ask me what the difference between a deposit and down payment is,” says Ray […]
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted their third monthly increase and broke all previous monthly records. The number of homes trading hands via Canadian MLS® Systems rose by 1.5 percent month-over-month to set a new all-time record in March 2016. Though sales edged lower in Greater […]
The following is an excerpt of the Economic Update for Q2 2016 released by VERICO’s Economic Consultant Michael Campbell. Read the full report on the VERICO blog. At last count I’ve seen or heard 2,463 warning since 2012 about the coming collapse in Vancouver and Toronto’s housing markets. We’re still waiting. Forgive the glibness but […]
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. Growth in the global economy is expected to strengthen gradually from about 3 per cent in 2016 to 3 1/2 per cent in […]
