Is it True that “There is No Canadian Housing Market?”
Real estate guru and founding partner of Real Estate Investment Network (REIN), Don Campbell, has recently said something very interesting, noting that “there is no Canadian housing market.” And while at first you may want to point out all the ebbs and flows this so-called market has been through in the past two years, once…
Read moreAnother Bank Says that Home Prices Aren’t Likely to Go Anywhere in Next Several Years
It was just last week that TD reported that Canadian home prices would remain where they are, at least for the next several years, approximately keeping pace with the rate of inflation. Now, Scotiabank chimes in to the chorus, saying they agree. And that the factors that would normally be there to support increase in…
Read moreCAAMP says 190,000 Jobs will be Lost in Next 2 Years due to Mortgage Rule Changes
Last year was the fourth time in just as many years that Finance Minister Jim Flaherty made mortgage rule changes; but it was undeniably that round that saw the most protests, especially by those in the industry. One of the arguments against the changes, made even before they officially went into effect, was that they…
Read moreU.S. Housing Market Seeing a Big Rebound
We all knew it would happen and now, the housing market in the U.S. is finally starting to get back on its feet, after five long years of an environment that can only be described as dismal and gloomy. Now though, the market south of the border isn’t only hitting expectations and predictions, but greatly…
Read moreIs a “Lacklustre” 2% Rise in Home Values Such a Bad Thing?
TD Economics has released a report titled “Long-run rate of return for Canadian home prices,” which states that home prices should see a “lacklustre” return of only 2 per cent this year. And while that has some panicking, especially on the heels of the news that our economy is expected to slow in growth. But,…
Read moreWalking the Fine Line of Housing Stimulus and a Housing Bubble
Finance Minister Jim Flaherty seems to have been walking a fine line with the taxpayers over the past couple of years. Four years ago he increased the amortization periods on mortgages to 40 years – a whopping amount of time, considering how low that could make some monthly mortgage payments. Flaherty was criticized for this…
Read moreWhen’s the Best Time to Buy a New Home? At the End of This Year!
The Canadian housing market can be a hard one to predict lately. At the end of last year, many home buyers were sitting on the sidelines waiting for prices to come down. In some parts of Canada that is happening, and so buyers might be thinking about jumping into the market during the busy spring…
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