CREA Boosts Annual Resale Housing Forecast
Yesterday the Canadian Real Estate Association (CREA) revised its 2011 forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations, and extended it to 2012. Sales in the second half of 2010 rebounded faster than CREA had previously expected."The hand-off going into 2011, ...
Posted by Stephen George
on February 9, 2011
The Harper Government adjusts mortgage rules to support the long-term stability of Canada’s housing market and support hard-working Canadian families saving through home ownership.
The new measures:
Reduce the maximum amortization period to 30 years from 35 years for new government-backed insured mortgages with loan-to-value ratios of more than 80 per cent. This will significantly reduce ...
Posted by Ryan Philippe
on February 4, 2011