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There are many appeals and attractions that draw Canadians towards the condo life. Simplicity, efficiency, security, even glamour are all features that attract people to condominiums. But before making a down payment on your castle in the sky, you may want to reflect on the life you've already built − and on your future plans […]
The Liberals’ new majority gives them all the power they need to influence Canada’s mortgage market. Interest rates, mortgage policy and affordable housing initiatives will all be affected. Here’s some of what the mortgage market can expect from Mr. Trudeau’s new government: Higher bond yields: Balancing the budget is not a priority for the Liberals until […]
In the third quarter of 2015, home prices showed moderate to strong year-over-year increases in most markets in Canada, according to the Royal LePage House Price Survey¹ released today. While the effects of the crude oil shock are still filtering through the economy, the country’s non-energy sectors are beginning to regain momentum as a lower […]
The total value of building permits decreased 3.7% to $7.5 billion in August, following increases of 15.5% in June and 0.7% in July (revised data). The decline was attributable to lower construction intentions in most provinces, mainly British Columbia, Alberta, Quebec and Saskatchewan. In the residential sector, municipalities issued $4.7 billion worth of building permits, down 5.1% from July. This was […]
The non-residential leasing industry reported $45.4 billion in operating revenue and $30.0 billion in operating expenditures in 2013, resulting in an operating profit margin of 33.9%. Ontario had the largest share of operating revenue, accounting for 42.0%, followed by Quebec (17.6%) and Alberta (15.9%). Lessors of residential buildings and dwellings generated $35.4 billion in operating revenue in 2013, while they reported $23.2 billion […]
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 for 2015 and 2016. Since CREA’s forecast published in June, the outlook for oil and other natural resource commodities has deteriorated. As a result, the economic and […]
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. Inflation has evolved in line with the outlook in the Bank’s July Monetary Policy Report (MPR). Total CPI inflation remains near the bottom […]
