Housing Jumps 7.3% In September From August
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Dow Jones, Fox, Housing Starts, Rose, Toronto
Fox Business
TORONTO -(Dow Jones)- Canadian housing starts rose 7.3% to an annual rate of 205,900 in September, mainly due to an increase in multiple starts, Canada Mortgage and Housing Corp. said Tuesday.
Read more: http://www.foxbusiness.com/industries/2011/10/11/canada-housing-starts-jump-73-in-september-from-august/#ixzz1aUU3OFRy
Market Prices Fall Pushing Average Down
Filed Under Main Content · Tagged: Canadian Real Estate, Canadian Realestate, Economist, Klump, Realestate Magazine, Toronto, Vancouver
Canadian Realestate Magazine
Canadian Real Estate Economist Gregory Klump said the drop in the national average selling price to $361,181 in July, is reflected in the recent cooling luxury markets of Vancouver and Toronto. See all stories on this topic »
New home prices rise surprisingly in August: Statistics Canada
Filed Under Main Content · Tagged: Canada Statistics, Canada Vancouver, Eastern Canada, Economists, Hamilton Ont, Led, Oshawa, Rose, Statistics Canada, Toronto, Vancouver Sun, Windsor
The Vancouver Sun- New home prices edged up unexpectedly in August, led mainly by increases in Eastern Canada, Statistics Canada reported Wednesday.
Prices rose 0.1 per cent during the month, after declining 0.1 per cent in July, the federal agency said.
Economists had expected new home prices to decline by about 0.1 per cent in August.
The biggest monthly increases were in Hamilton, Ont. (up 0.9 per cent), Windsor, Ont. (up 0.4 per cent), and the Toronto and Oshawa, Ont., region (up 0.3 per cent)…
New home prices rise surprisingly in August: Statistics Canada
Housing will be banks’ next sore spot
Filed Under Main Content · Tagged: Balance Sheets, Bank Balance, Banks Canada, Canadian Households, David Macdonald, Debt Levels, Economy, Financial Crisis, Housing Bubble, Housing Market, Market Bubble, Millstone, Mortgage, Policy Alternatives, Real Estate Market, Residential Real Estate, Toronto, Vancouver Calgary, Vancouver Canada, Vancouver Sun
Vancouver Sun- Canada’s housing market was a key source of strength that shielded the banks from the financial crisis but a flurry of recent warnings about a market bubble is raising concerns the vast mortgage holdings on bank balance sheets is about to become a millstone.
The Canadian Centre for Policy Alternatives Tuesday released a study arguing that the red-hot residential real estate market in Toronto, Vancouver, Calgary and other cities is “an accident waiting to happen.”
“Canada is experiencing, for the first time in the last 30 years, a synchronized housing bubble,” said the report by David Macdonald.
The warning comes after a report from the Organization for Economic Co-operation and Development argued that bloated debt levels of Canadian households are a threat to the economy…
