House-price appreciation returns to more normal levels
Filed Under Main Content · Tagged: Condominiums, Greater Toronto Area, House Price, Price Appreciation, Royal Lepage, Survey
The Star- Condominiums showed the highest appreciation in value for housing types in the Greater Toronto Area in the third quarter of 2010, according to a survey.
The average price of a condo was up by 5.9 per cent to $329,138, according to Royal LePage in a report released Tuesday…
House-price appreciation returns to more normal levels – Moneyville.ca
Canada’s May home resale prices up for 13th straight month, but not likely to be sustained
Filed Under Main Content · Tagged: Ahead, Canada, House Price, Last September, National Bank, Pace, Price Index, Recession, Resale Prices, Rose 13, Survey, Teranet, Toronto, Vancouver Sun
Vancouver Sun- Canadian home prices rose 1.3 per cent in May, their largest monthly gain since last September, but are unlikely to keep up the pace in months ahead, according to the Teranet-National Bank composite house price index, released Wednesday.
On an annual basis, prices rose 13.6 per cent and are now 4.2 per cent higher than their pre-recession peak.
Prices have now advanced for 13 straight months, the survey showed.
The yearly gains were strongly influenced by advances in Canada’s major markets, with Vancouver up 17.1 per cent year over year and Toronto up 16 per cent…
Canada’s May home resale prices up for 13th straight month, but not likely to be sustained
Bank of Canada to raise interest rate in July: Survey
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Basis Points, Double Dip Recession, Economic Data, Economic Recovery, Europe, Fears, Forecasters, Gauge, Interest Rate, Montreal Gazette, Opportunity, Overnight Rate, Pace, Policy Announcement, Probability, Quarter Point, Reuters Poll, Survey
The Montreal Gazette- The Bank of Canada will raise its key overnight interest rate next week, but the pace of subsequent hikes is less clear, according to Canadian primary dealers and global forecasters surveyed by Reuters.
The Reuters poll, released on Wednesday, showed a 73-per-cent median probability that the Bank of Canada will raise the overnight rate by 25 basis points, to 0.75 per cent from the current 0.50 per cent, at its next policy announcement date on July 20.
More than half of 42 forecasters surveyed say the central bank will not take every subsequent opportunity this year to raise rates by a quarter point, but will pause to gauge the pace of global economic recovery. Fears of a double-dip recession, Europe’s debt troubles and patchy U.S. economic data have weighed on markets in recent months…
Bank of Canada to raise interest rate in July: Survey
B.C. housing sales expected to ease this year but rise in 2011: survey
Filed Under Main Content · Tagged: Economic Conditions, Employment Growth, Erosion, Fraser Valley, Housing Sales, Metro Vancouver, Mortgage Rates, Real Estate Association, Residential Sales, Second Quarter, Survey, Upward Pressure, Valley Areas, Vancouver Province, Vancouver Sun, Vancouver Victoria
Vancouver Sun- Residential sales across the province are expected to ease by three per cent this year to 82,350 units before increasing four per cent in 2011 to 85,900 units, according to the B.C. Real Estate Association.
Waning demand, upward pressure on mortgage rates and tighter lending restrictions will moderate consumer demand this year, particularly in the Metro Vancouver, Victoria and the Fraser Valley areas, the association said in its second quarter housing forecast released Monday.
Improving economic conditions, however, are expected to counter-balance some of the erosion and stronger economic and employment growth next year will push home sales higher…
B.C. housing sales expected to ease this year but rise in 2011: survey
