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CREA Boosts Annual Resale Housing Forecast

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, ...

March 2011-New Mortgage Rules

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 ...