Housing market

Housing prices won’t freefall: Laurentian Fallback Image Decorative pattern

Industry

Housing prices won’t freefall: Laurentian

Following the release of BoC’s gloomy Monetary Policy Report last week, Laurentian Bank and its research team downgraded their provincial and national growth forecasts for Canada in 2012. It expects the country to grow only 2% over the next two years, and has released a new edition of the Provincial Monitor, a report highlighting the […]

July 25, 2012

2 min read

Residential sale prices climb 17% Fallback Image Decorative pattern

Industry

Residential sale prices climb 17%

The average sale price for residential properties in Ontario rose 17% between 2008 and 2012, says the Municipal Property Assessment Corporation’s first report on residential price trends. “This report is good news for most Ontario homeowners,” says Larry Hummel, MPAC’s Chief Assessor. “The average sale price of residential properties in most communities has increased since […]

By Staff |July 24, 2012

1 min read

National Bank lowers residential mortgage rates Fallback Image Decorative pattern

Industry

National Bank lowers residential mortgage rates

National Bank has adjusted its rates for residential mortgages. The changes are effective as of July 18, 2012, and are as follows: Fixed-rate closed term 6 months: Used to 4.45% and will now be 4% Fixed-rate closed term 1 year: used to be 3.5% and will now be 3.1% Fixed-rate closed term 2 years: used […]

By Staff |July 17, 2012

1 min read

REITs outperform the market in Q2 Fallback Image Decorative pattern

Industry

REITs outperform the market in Q2

U.S. REITs significantly outperformed the broader equity market in the first half of 2012, says the National Association of Real Estate Investment Trusts (NAREIT), with And all but one sector of the market producing double-digit total returns.

By Staff |July 16, 2012

2 min read