Research Firm Predicts 25% Drop in Canadian Housing Prices
A report by Capital Economics, suggests that house prices in Canada could fall by 25% over the next three years. The report points to some specific concerns for their worrying prediction: -Housing prices relative to disposable income are 25% overvalued -Unoccupied housing units are at historical highs -The homeownership rate has increased sharply over the…
Read moreUnpredictable Economy Places Premium on Expert Advice
The relative uncertainty with respect to growth and inflation rates in the short to medium term has spilled over to housing decisions. Recently, lower than expected growth and inflation rates led Bank of Canada chairman Mark Carney to put off an interest rate hike for at least six weeks. In all likelihood, a rate hike…
Read moreCanadians Appear Prepared For Mortgage Rate Hikes
After news that Canadians have accumulated enormous amounts of household debt in recent years, it was refreshing to get some more positive news. A recent Canada Mortgage and Housing Corporation (CMHC) survey found that, by and large, Canadians were fairly studious and responsible when it came to planning out their household budgets. The survey found…
Read moreCanada’s Housing Market: Not Too Hot, Not Too Cold
“The Canadian housing market has seen some big ups and downs in recent years, making national sales activity so far this year look like something of a Goldilocks story by comparison,” affirmed CREA’s president Gary Morse, “not too hot, not too cold.” The latest data released by the Canadian Real Estate Association (CREA) suggests that…
Read moreA higher Canadian dollar is helping on the “Home” front.
There has been a great deal of concern as our Canadian dollar gained in strength and economist were concerned that the high value of our currency would negatively impact trade with our export partners. That are less willing to pay higher prices for or goods. However, there is a bright side to this on the…
Read more2010 Calgary Housing Market: Active in First Half, Flat in Second
The Calgary housing market saw some momentum in the first part of 2010 while the second part of the year remained flat.
Read moreCanadian Housing Markets Poised for Steady, Moderate Growth in 2011
Home prices are poised for steady yet moderate growth in the first half of 2011, as Canadian mortgage and housing markets absorb the slack in demand caused by decade-long, double-digit pricing increases.
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