October housing starts down more than expected
Filed Under Main Content · Tagged: Atlantic Canada, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Chief Economist, Dugan, Housing Agency, Regions
The Gazette- Housing starts fell more than expected in October, Canada Mortgage and Housing Corp. said Monday.
The federal housing agency said there was an annualized rate of 167,900 starts last month, down 9.2 per cent from 185,000 in September. The September number was revised down from the previously reported 186,400.
"Housing starts moved lower in October due to a decrease in urban single starts in all regions, with the exception of Atlantic Canada," CMHC chief economist Bob Dugan said in a statement. "Both single-detached and multiple starts decreased last month…"
October housing starts down more than expected
When housing boom meets rate-hike panic
Filed Under Main Content · Tagged: Atlantic Canada, Bank Of Canada, British Columbia, Estate Business, Executive Vice, Harmonized Sales Tax, Housing Boom, Hst, Interest Rates, July 1, Ontario Canada, Post Spring, Rate Hike, Real Estate, Sales Tax, Surprise, Term Interest, Vice President
Financial Post-Spring is typically a busy time for the real estate business, but this year may make others pale in comparison.
With new mortgage rules in effect April 19 that will make it tougher to borrow in some cases, the new harmonized sales tax (HST) in Ontario and British Columbia beginning on July 1, and the Bank of Canada likely to hike short-term interest rates, it’s no surprise buyers are becoming panicked.
"It’s extremely busy out there right now. There is clearly a shortage of properties for sale in many parts of the country," said Michael Polzler, executive vice-president of Re/Max Ontario-Atlantic Canada…
When housing boom meets rate-hike panic
Economy to grow 2.7% in 2010: report
Filed Under Main Content · Tagged: Atlantic Canada, Canada Economy, Canadian Economy, Conference Board Of Canada, Manitoba, Second Half, Times Colonist Victoria
Times Colonist, Victoria, BC – The Canadian economy will begin to recover in the second half of 2009 — led by Atlantic Canada and Manitoba — but will still end the year with negative growth of 1.9%, according to the Conference Board of Canada…
Economy to grow 2.7% in 2010: report
Ghosts of housing bubble still haunt U.S.
Filed Under Main Content · Tagged: Atlantic Canada, Ghosts, Globe And Mail, Gst, Housing Bubble, Mail Canada, Mortgage Interest, Nbsp, New Homes, Quebec, States Mortgage, United States
Globe and Mail – Canada – Unlike the United States, mortgage interest is not tax-deductible here and the GST applies to new homes. In Quebec and Atlantic Canada, and coming soon to …
reportonbusiness.com: Ghosts of housing bubble still haunt U.S.
