The Canadian Real Estate Association (CREA) have revised their 2011 forecast to include 2012. Click here see the news release with the revised forecast.
Posted by Martin Minda
on February 11, 2011
Ottawa - December 15th, 2010- The Canadian Real Estate Association (CREA) has released the latest statistics regarding national resale activity, which is showing a return to normal levels. Please click here to read the the full article.
Posted by Martin Minda
on December 20, 2010
Attached are some statistics for the Canadian Real Estate Association (CREA) that will show you the rising activity in the real estate market, including sale prices and activity.
Since March 2010 the real estate market, in Canada has not seen an increase. But in August of 2010, mainly in Ontario & British Columbia, we saw a 4.1 percent increase from previous ...
Posted by Martin Minda
on September 24, 2010
As we all know by now, the new HST (Harmonized Sales Tax) will be taking effect as of July 1st, 2010. But now purchasing a newly build second home will cost a lot more then it has in the past with the new tax. Any type of home purchased, for example cottages, weekend condo's etc will be subject to HST, which means ten of thousands of dollars will be added onto the cost of your second home. This ...
Posted by Martin Minda
on June 2, 2010
House prices in Canada will not be going down the same road as the U.S. style pricing.
Click here to view CREA's Housing Report.
Posted by Martin Minda
on June 2, 2010
Federal Finance Minister, Jim Fleherty, annouced prudent changes to mortgage insurance rules intended to come into force on April 19th, 2010. CAAMP (Canadian Association Of Accredited Mortgage Professionals) was actively engaged in the discussions around these changes, which are as follows:
All borrowers must meet the standards for a five-year fixed rate mortgage even if you choose a mortgage ...
Posted by Martin Minda
on March 9, 2010
Resale housing forecast extended to 2011
OTTAWA – February 8, 2010 – The Canadian Real Estate Association has revised its forecast for home sales via the MLS® Systems of Canadian real estate boards in 2010, and extended the forecast to 2011. Please see here for full article
Posted by Martin Minda
on February 8, 2010
December 18, 2009 -- While low interest rates have enhanced affordability, they are only one factor contributing to the market’s strength. The steady stream of newcomers to the Greater Toronto Area, all of whom have housing needs, are another important factor says Tom Lebour the President of the Toronto Real Estate Board in his column in the Toronto Star. Please click here for full article ...
Posted by Martin Minda
on December 23, 2009
OTTAWA – December 15th, 2009 –According to statistics released by The Canadian Real Estate Association, existing home sales activity remained upbeat in November 2009. The current strength of housing demand stands in sharp contrast to weak activity recorded one year ago. Please click here to view full article
Posted by Martin Minda
on December 15, 2009
Monthly MLS® home sales activity continues to run strong, with new monthly records set in July, September, and October. This has prompted The Canadian Real Estate Association to revise its MLS® home sales forecast for 2009 and 2010. For full story click here......
Posted by Martin Minda
on November 16, 2009