Should Potential Homebuyers Wait it Out or buy Now?
Canadian’s who are looking to enter the real estate market has been through a lot. Between sky-high prices and what feels like never-ending bidding wars in most markets, it is…
What Major Canadian Cities can Expect from the Real Estate Market in 2019
What Major Canadian Cities can Expect from the Real Estate Market in 2019 With the new year upon us, many are wondering what the real estate market will…
Jim Flaherty Receptive to the idea of ending CMHC
The International Monetary Fund recently suggested that Canada should consider winding down government backing of mortgages — and Finance Minister Jim Flaherty is sounding receptive to the idea. Ending or…
Flaherty charges CMHC new risk fee on mortgages
Finance Minister Jim Flaherty is taking another step to curb taxpayers’ exposure to the housing market, by charging Canada Mortgage and Housing Corp. a new risk fee. As of Jan.…
CMHC Mortgage default Insurance
No one wants to inflate a housing bubble by encouraging folks who can’t afford the debt to buy. But many creditworthy first-time homebuyers are paying much more than they should…
Home sales dip in October as market cools
OTTAWA - Canadian home resales dipped last month for the first time since February in what many see as a signal that a so-called correction in the housing market remains…
Real Estate continues to grow
The Canadian real estate industry will get more good news today — not that it needs any more positive spin or Finance Minister Jim Flaherty even wants to hear it.…
Canada won’t interfere in housing market — for now: Flaherty
OTTAWA — The Canadian government has no plans for now to clamp down on the housing market even though prices are rising again, Finance Minister Jim Flaherty said on Monday,…
Why no rate hike means variable mortgages are safe again
A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood of falling mortgage rates, could be enough…
Canadian Real Estate Association raises the future outlook for home sales this year.
OTTAWA - The Canadian Real Estate Association has raised its outlook for homes sales this year as it reported an 11.1 per cent jump in August sales compared with a…