photo: Deya Bautista Home building across Canada is expected to fall back this year by 25%. [Globe and Mail] In Montreal, resale home prices are not expected to drop as much as the rest of the country. [CEP News] Housing Projects in Montreal had a fantastic "Open house weekend" with 6682 visits in total. [La Presse] … [Read more...]
Real Estate Market News: Morning Edition
December 17, 2008 By Leave a Comment
Housing sales fall sharply in Canada: MLS [CBC News] "The number of homes sold through the Multiple Listing Service dropped to 27,743 units in November — the lowest level recorded since January 2001, the Canadian Real Estate Association said Monday." Fed Cuts to ~0% and Prints Money [Canadian Mortgage Trends] "Many think they're getting ready for another rate cut on January 20. If so, that … [Read more...]
Tuesday: Canadian Real Estate in the News
August 19, 2008 By Leave a Comment
A quick list of today's articles from different news sources. The Calgary Herald seems to be quite busy reporting for Canada and the US. Housing is too expensive - The Montreal Gazette Calgary home prices fall 8% - Calgary Herald Home sale prices fall in July - CBC.ca Housing market dodging worst of US meltdown -Calgary Herald Albertans' household finances in decline - Calgary … [Read more...]
Ottawa is tightening mortgage insurance rules
July 11, 2008 By Leave a Comment
The federal government said Wednesday that it is tightening the rules relating to government-guaranteed mortgages. The new rules, set to take effect Oct. 15, are a "responsible and measured approach … to reduce the risk of a U.S.-style housing bubble developing in Canada," the Department of Finance said in a news release. The measures will apply to new, government-backed, insured mortgages. … [Read more...]
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