Housing Sales and Prices Expected to Fall by 10% into 2013
Filed Under Main Content · Tagged: Globe And Mail, Globe Mail, Housing Prices, Housing Sales
The Globe and Mail
Existing housing sales dipped 0.5 per cent in August and prices dipped 0.6 per cent… See full story on this topic »
Improving economy, low mortgage rates to boost housing sales in B.C., CMHC says
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Cmhc, Economy, Greater Vancouver, Housing Market, Housing Sales, Job Canada, Job Corp, Job Market, Low Mortgage, Lower Mainland, Market Analyst, Metro Vancouver, Migrants, Mortgage Market, Mortgage Rates, Population, Steady Flow, Vancouver Sun
Vancouver Sun- A new report suggests that low mortgage rates combined with a growing population and an improving economy bode well for Metro Vancouver home sales for the rest of 2010 and 2011.
“For the next year, we’re looking at favourable mortgage rates, a steady flow of migrants to the Lower Mainland, and a growing job market,” Canada Mortgage and Housing Corp. senior market analyst Robyn Adamache said in an interview about the federal agency’s housing market report that concluded sales will remain stable until mid-2011 before trending higher. “We’re looking at about 33,000 sales for Greater Vancouver [in 2011]. We’re looking at 31,000 this year. The 10-year average is about 34,000…
Improving economy, low mortgage rates to boost housing sales in B.C., CMHC says
Canadian housing sales rise for second-straight month
Filed Under Main Content · Tagged: Adjusted Basis, Canadian Real Estate, Canadian Real Estate Association, Housing Sales, Multiple Listing Service, Negative Trend, Ottawa, Real Estate Association, Rose, Time Prices, Vancouver Sun
The Vancouver Sun- Housing sales rose in September for a second straight month, while average prices reversed a negative trend with a 1.9 per cent increase from August, the Canadian Real Estate Association said Friday.
The Ottawa-based group said sales in September climbed three per cent from August on a seasonally adjusted basis. It was the highest number of sales since last May.
At the same time prices also showed some growth. The average sale price across the Multiple Listing Service last month was $331,089, on par with where it stood a year ago, and an increase from $324,928 in August…
Canadian housing sales rise for second-straight month
Finance Minister Flaherty not worried about slumping markets, tougher mortgage rules
Filed Under Main Content · Tagged: Calgary Herald, Canadian Markets, Consumers, Federal Finance Minister, Federal Government, Finance Minister Jim Flaherty, Financial Risk, Greater Vancouver, Housing Sales, Housing Slowdown, National Securities, Ottawa, Proposal, Reverse Mortgage, Securities Regulator, Victoria
Calgary Herald- Federal Finance Minister Jim Flaherty said Thursday he is not concerned about slumping housing sales in some Canadian markets and has no plans to reverse mortgage restrictions imposed earlier this year.
Housing sales plunged dramatically last month in cities such as Calgary, Victoria and Greater Vancouver compared with one year ago.
But Flaherty, in Calgary to deliver a speech on Ottawa’s proposal for a national securities regulator, said he believes the housing slowdown is a sign that consumers are being more careful about financial risk-taking. He hinted the federal government wouldn’t shy away from additional mortgage restrictions, if needed…
Finance Minister Flaherty not worried about slumping markets, tougher mortgage rules
