How is Canada’s Housing Market Tied to the Economy?
We all hear talk all the time about the effects Canada’s housing market has on the economy. Consumers can’t be pushed out of the market with overvalued properties, because this would be a huge drag on the economy. The federal government must be careful about the rules they impose on mortgages, because that will slow…
Read moreCMHC Housing Forecast Weaker than Originally Thought
We all know there’s a softening going on right now in most Canadian housing markets. Homebuyers know it, home sellers know it, and now, CMHC knows it, too. While the Crown corporation has undoubtedly seen the softening going on for several months, now they’ve come out with a new forecast for the remainder of this…
Read moreOkay, One More Time: We Are Not The U.S.
Economist Benjamin Tal, one of the most well-known and respected voices in the mortgage and real estate market in Canada, has once again released a report in which he points to many factors differing Canada’s “housing bubble” from the complete meltdown that happened in the States. Still, there are disbelievers, such as Seeking Alpha, who…
Read moreCondo Starts in Toronto Stalled due to Low Sales
Jim Flaherty can take a look at the lack of trucks and construction trailers, and partially finished condo projects around Toronto, and breathe a sigh of relief. His mortgage rules are working. Toronto condo starts are softening, and perhaps he can finally stop worrying about “the last Toronto condo buyer.” There is definitely some change…
Read moreA Brief Overview of the Economy and Real Estate Situation in Fredericton, NB
Introduction Fredericton is the capital city of New Brunswick and is the third largest city to be a provincial capital in Canada. Most recently touted for its electronic innovation, Fredericton has a rich history and culture, and plays a very important role in the Canadian economy. The Local Economy The local economy was once based…
Read moreA Brief Report on the Real Estate Sector in Sault Ste. Marie
Introduction Sault Ste. Marie, Ontario is home to a variety of industries including steel, forestry and BPO services. The total population is about 75,000 people, making it the third largest city in Northern Ontario. However, this number has fluctuated some during the past few years especially true during the recession. The Local Economy The local…
Read moreA Brief Report on the Real Estate Sector in Timmins, Ontario
Introduction Timmins, Ontario is an important economic hub in North East Ontario, with a population of around 43,000 and an industry driven by natural resources. The city’s population has seen little to no growth in the last decade, but due to the increase in gold prices, one of the economy’s most abundant resources, the real…
Read more
Contact Us
Contact us today to set up an appointment.