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Here are Gary Simonsen’s, the CEO of CREA, remarks to the House of Commons Standing Commitee on Finance, specifically relating to requested improvements on the Home Buyer’s Plan.
The Bank of Canada Abandons its Rate Hike Bias. After years of mimicking chicken little, saying the sky was falling and that interest rates were rising, The Bank of Canada has stopped hinting at future rate hikes.
An interesting read on How Interest Rates Affect Property Values. please note that this is an American site, so please take it with a grain of salt.
NHS: Home-ownership dreams are reliant on mortgages for most Canadians. Does this mean more Canadians are taking bigger mortgages? Or are we borrowing for longer periods of time? Probably, yes. We are also becoming more financially savvy. Experts are finally … Continue reading
According to statistics released today by The Canadian Real Estate Association Canadian home sales rise in April.
This article was published in the Calgary Herald, It was written about the Generation Y – those born between ’80 and ’94. According to the survey homeownership in the cards for Generation Y.
Is it time to switch your Variable Rate Mortgage into a Fixed Rate Mortgage? Fewer people believe that rates could rise this year. In a study released by CIBC, 46% of Canadians believe today’s low rates will remain unchanged over … Continue reading
The Royal Bank has released it’s Housing Trends and Affordability Report, which measures affordability for each province, captures the pre-tax household income needed to service the costs of owning a home at market values. Alberta’s housing market is among the … Continue reading
Call to Action: As changes to the Condominium Property Act are of critical importance, we encourage you to complete the survey. Your input on this consultation paper will be used to determine the merit of the policy proposals being considered … Continue reading
Canadians see homes as an investment not an expense.