Canadian Home Sales Supported by Low Mortgage Rates

Market Watch

Detached homes are taking the back burner to condos in Toronto  See full story on this topic »

Canada Labor Market Mocks America’s – Real Time Economics – WSJ

Canada’s stricter mortgage lending rules and tighter bank regulation kept its housing and financial sectors in check while the United States was consumed by a destructive real estate and credit bubble in the middle of the 2000s. This left the northern country less burdened by an overhang of unemployed construction workers, real estate agents and mortgage loan officers.

Canada Labor Market Mocks America’s – Real Time Economics – WSJ

Canadian Mortgage Broker News – Canada’s renovation market set to cool

“Homeowners typically undertake their largest renovation expenditures in the first three years following a resale home purchase,” said Warren. “With home sales having peaked in 2007, the largest share of these ‘new buyer’ renovations should be winding down.”

Canadian Mortgage Broker News – Canada’s renovation market set to cool

Improving economy, low mortgage rates to boost housing sales in B.C., CMHC says

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

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