TORONTO, Feb. 15 /CNW/ - BMO Bank of Montreal announced today it is decreasing its residential mortgage rates, effective February 16, 2008. The new rates are: Fixed Rates: To: Change: 6 month open 8.90% 0.00% 6 month convertible 7.10% 0.00% 1 year open … [Read more...]
Analysis of the Resale Market 2007
February 11, 2008 By Leave a Comment
The Resale Market Reaches New Heights in 2007 with Close to 56,000 Transactions Île-des-Soeurs, January 14, 2008 – The residential resale market reached new heights in 2007 with 55,776 transactions compiled on the Greater Montréal Real Estate Board’s (GMREB) MLS® system. Sales grew by 11% compared to 2006, which is the highest raise in five years. “The … [Read more...]
Housing Starts to Fall Slightly in 2008
February 6, 2008 By Leave a Comment
OTTAWA, February 4, 2008 — Housing starts reached 228,343 units in 2007, an increase of 0.4 per cent from 227,395 in 2006, according to Canada Mortgage and Housing Corporation's (CMHC) first quarter Housing Market Outlook, Canada Edition report. In 2008, residential construction will decline to about 211,700 units, given higher mortgage carrying costs. Nevertheless, Canada's housing market … [Read more...]
Changes in Home Buyers’ and Sellers’ Profiles
January 30, 2008 By 1 Comment
"The profile of home buyers will change significantly in the next few years, according to a public telephone survey conducted in September for the Greater Montréal Real Estate Board (GMREB). The survey, which is the fourth one, helps profile buyers and sellers, as well as measure their intentions over the next five years. Buyers’ and Sellers’ Profiles The survey showed significant … [Read more...]
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