Housing market

Moderation on tap for Canadian housing market

Canadian real estate markets demonstrated remarkable resilience in 2012 – with home sales up or on par in 65% of major centres – despite considerable headwinds in terms of tighter financing and economic uncertainty abroad. The trend is expected to continue, with home-buying activity propped-up by low interest rates and an improved economic picture in 2013, according to a report released today by RE/MAX.

By Staff |November 14, 2012

3 min read

Market Insights

Ride the commodity wave

Food prices have been fluctuating, but there’s a positive trend emerging, says Benjamin Tal of CIBC.

By Vikram Barhat |November 6, 2012

2 min read

Industry

Canadian housing to hold steady in 2013

Canada's housing market will continue to moderate going into 2013, says the Canada Mortgage and Housing Corporation's Q4 2012 Housing Market Outlook.

By Staff |November 5, 2012

1 min read

Industry

Canadians rely on property to fund retirements

Forget Caribbean cruises or golfing vacations in Dubai, most Canadians saving for retirement are aiming for a comfortable life when they do get there. However, many are not confident they will save enough to achieve this, finds a BMO Retirement Institute report. Titled Home Sweet Home or Retirement Nest Egg, the study also reveals one-third […]

By Staff |November 1, 2012

2 min read

Affordability may create mortgage boooooo-m

A slight drop in home prices and lower mortgage rates in the third quarter have led to an improvement in Canadian affordability, shows the Desjardins Affordability Index (DAI). The improvement in affordability stems from faster income growth and the drop in mortgage rates. An improvement by the DAI therefore indicates that it’s less onerous for […]

By Staff |October 31, 2012

1 min read

Canada won’t see U.S.-style housing meltdown

There are several factors that raise concerns about Canada’s housing market, including sky-high prices in some cities. However, Canada is still sheltered from a U.S.-style meltdown, finds a report from CIBC World Markets. “House prices in Canada will probably fall in the coming year or two, but any comparison to the American market of 2006 […]

By Staff |October 30, 2012

4 min read

Toronto to see property value increases

Toronto homeowners will see the assessed value of their property increase by an average of 5.5% in 2013, according to Municipal Property Assessment Corporation’s (MPAC). Read: Housing prices up, sales down “Residential property values have increased by an average of approximately 22.8% in Toronto since 2008,” says Joe Regina, municipal relations account manager in MPAC’s […]

By Staff |October 26, 2012

1 min read

Housing market

Moderation on tap for Canadian housing market

Ride the commodity wave

Canadian housing to hold steady in 2013

Canadians rely on property to fund retirements

Affordability may create mortgage boooooo-m

Canada won’t see U.S.-style housing meltdown

Toronto to see property value increases

Buffett finds something to buy

U.S. GDP rises 2%

Boomers look to real estate for retirement income