Canadian Home Sales Supported by Low Mortgage Rates
Filed Under Main Content · Tagged: Canadian Mortgage, Condos In Toronto, Low Mortgage, Market Watch, Mortgage Market, Mortgage Rates
Market Watch
Detached homes are taking the back burner to condos in Toronto 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
Home building to slide further
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Chief Economist, Dugan, Employment Levels, Home Construction, Low Mortgage, Mortgage Rates, New Homes
Times Colonist-Home construction is expected to continue easing in the final quarter of this year before stabilizing in 2011, according to Canada Mortgage and Housing Corp.
The federal agency on Monday forecast housing starts to range between 176,700 and 194,700 units in 2010, and between 148,000 to 202,300 units next year as the market returns to “levels consistent with demographic fundamentals.”
“High employment levels and low mortgage rates will continue to support demand for new homes in 2011,” said CMHC chief economist Bob Dugan. “Nevertheless, housing starts will decrease to levels that are more in-line with long term demographic fundamentals next year…”
Home building to slide further
CTV Southwestern Ontario – More stable real estate market predicted for 2011
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corporation, Cmhc, Ctv News, Housing Costs, Kitchener, Low Mortgage, Market News, Mortgage Rates, Promises, Real Estate Market, Roller Coaster Ride, Southwestern Ontario, Waterloo Region
CTV News- Low mortgage rates and reasonable housing costs in Waterloo Region are on the way for 2011, according to analysts at the Canada Mortgage and Housing Corporation.
The CMHC held its annual outlook seminar in Kitchener on Tuesday, and analysts say 2011 promises to be much more stable after a roller coaster ride in 2010…
CTV Southwestern Ontario – More stable real estate market predicted for 2011 – CTV News
