TORONTO, April 10, 2014 /CNW/ - More Ontarians plan to buy homes this year compared to last, according to the 21st Annual RBC Home Ownership Poll. Nearly one-in-four (24 per cent) residents of Canada's most populous province said they intend to buy a home this year, up from less than one-in-five (14 per cent) in 2013.
Canadian housing starts fell more than expected in March and building permits dropped sharply in February, according to data released on Tuesday that suggests the countryâ€™s robust housing market is cooling.
Looking forward to those sunset years when you can put your feet up and burn your mortgage? The traditional mortgage market, where younger Canadians scrimp and sacrifice in the expectation that they’ll be paid up when they retire, has been changing ...
Canadaâ€™s property market is set to perform better than previously thought, with average prices rising 3.8 percent during 2014 to $397,000 (Canadian), 1.3 percent higher than estimated at the start of the year and $20,000 more than forecast in June 2013.
Finance Minister Joe Oliver says he will not intervene or seek to reverse the Bank of Montreal's half-point cut to its key mortgage rate, calling it a "private" decision to drop the fixed, five-year setting to 2.99 per cent.
There’s a definite undercurrent of gloom in Toronto’s real-estate market, thanks in part to a booming condo-construction sector that for years, according to analysts, has threatened to outstrip demand. Now, a different group of analysts is saying that all those overbuilding fears are overblown.
TORONTO - A Bank of Montreal report on first-time home buyers says the average budget has increased to $316,100.
That's up nearly six per cent from an average of $300,000 in last year's report on first-time home buyers.
The average price of a Canadian home has risen to more than $400,000, according to new data released on Monday.
The Canadian Real Estate Association said Monday the average price of a resale home was $406,372 in February. That figure is 10.1 per cent higher than what it was the same month a year earlier.
t's not just superheated markets like Hong Kong and Vancouver where housing prices are spiraling. The trend is more global than one might expect. These 15 markets are where house prices have grown at the fastest rate over the past year.
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