TORONTO -- Sales of existing homes in Canada dipped for a second straight month in February, but remained high on a year-over-year basis, as the market may be moving into more balanced conditions, data showed on Monday.
The Canadian Real Estate Association (CREA) said a total of 42,799 homes changed hands last month, down 1.5% from January, as a large gain in sales in Toronto were off ...
Lately some borrowers in the U.S. have been considering walking away from their mortgage, even if they have a means to pay it.
Some say it's a rational decision when you owe more on your mortgage than the home is now worth.
New Jersey-based Loan Value Group LLC has come up with an incentive to keep those payments coming, however. In a press release today, the company says it is launching th ...
Following a report in Saturday's Globe and Mail that banking officials have called for tighter mortgage rules to stave off a housing collapse, Finance Minister Jim Flaherty told reporters he does not see signs of a housing bubble in Canada.
According to the paper, Flaherty made the comments following the weekend's finance summit. Although he said there were some "signals in the market that ...
Housing starts hit a 15-month high according to a real estate report today, as media all across Canada continued to speculate whether the latest gains had stretched too far.
The Wall Street Journal and Canadian Business were amongst the publications recently to ask whether Canada's surprise performance in real estate was the start of a boom in the industry, or instead was nearing a bubble ab ...
Calgary, February 1, 2010 - Affordability continues to drive a recovery in Calgary's housing market according to figures released today by the Calgary Real Estate Board (CREB®).
The number of single family homes sold in January 2010 in the city of Calgary was up 39 per cent from the same time a year ago, while condominiums sales saw an increase of 67 per cent from the same time a year ago ...
Happy New Year and welcome back everyone. Bond yields remain
elevated after increasing late last year. So far it has been in
fairly thin trading so few lenders have responded with changes to
mortgage rates but if the bond yeilds remain at these levels in
regular trading we could see some increases on the fixed term
mortgage rates."
"On the fixed rate side….
...
Calgary, December 1, 2009 -
housing market is showing signs of a sustained
The Calgaryrecovery according to figures released today by
the Calgary Real Estate Board (CREB
®).The number of single family homes sold in
November 2009 in the city of Calgary were
up 63 per cent from the same time a year ago,
while condominium sales saw an even steeper
increase-up 77 per cent from the same ti ...
Calgary, September 1, 2009 - Calgary metro home prices made the first year-over-year increase on a monthly basis since February 2008 according to figures released by the Calgary Real Estate Board (CREB®). Prices received an added boost from the sale of a $10.3 million home earlier this month.
"Calgary's housing prices are edging upwards as consumer confidence improves and demand continues to ...