Analyzing September’s Housing Market
A first look at Canada’s housing market in September would tell you that it’s actually in the middle of a free-fall than they are in a cooling period. But a closer, and more accurate, look will reassure you that this is just Finance Minister Jim Flaherty’s measures at work. According to the Canadian Real Estate…
Read moreA Look at Canada’s Housing Bubble
Just this morning we talked about a piece in the National Post; and questioned a stat within it stating that sub-prime mortgages make up half of Canada’s mortgage market. Within that same piece though, there were many interesting stats and observations that are also worth taking a closer look at. Home prices are up almost…
Read moreOttawa Housing Starts Drop in September
While we’ve been busy talking about the rise of real estate once again out West, and how areas such as Calgary and Edmonton are booming, starts in Ottawa have dropped in September of this year when compared with housing starts in the nation’s capital city in September 2011. The chart below shows the latest stats…
Read moreHousing Starts Pick Up in Edmonton
Just yesterday we published a post showing the boom in Calgary housing. But now stats are out that show this city isn’t the only one in Alberta seeing an increase in demand – Edmonton is too! You may not see quite as big a boom happening in Alberta’s capital city as you do in Calgary,…
Read moreCan Toronto Handle Three More Massive Condo Towers?
A year ago, another condo going up in the city of Toronto probably wouldn’t have garnered much attention. But with the obvious overstock that’s on the market, and the softening already starting to be seen in the city, it certainly makes news when a developer has plans on building not just one more condo tower…
Read morePrices Continue to Go Up in Toronto, while Sales Falter
A lack of inventory and less pressure on homebuyers are the reasons given for the numbers coming out of Toronto regarding the city’s home prices, according to the Royal LePage House Price Survey. For the second month in a row, home prices continued to climb in Toronto while home sales continued to drop. The chart…
Read moreLuxury Homes Starting to Feel Pinch of Mortgage Rules
When changes were made once again to mortgages in Ottawa this past July, newspapers and the blogosphere were abuzz about the impact this would have on first-time homebuyers. They wouldn’t be able to afford the 25 year amortization period that now comes with insured mortgages, and at a time when prices were climbing ever-higher. And…
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