Buyers Market? Some First-timers Agree Says RBC Poll

Posted on November 5/2010 by

Almost half of first-time homeowners in Canada say it’s now a buyers market, pointing to a pick up in activity in coming months, according to an online survey conducted by RBC. About 46 per cent of buyers who purchased a home in the past two years say it’s a buyers market, while 43 per cent of those who intend to buy for the first time said the same.

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CMHC Says Toronto Housing Market To Remain Balanced In 2011

Posted on November 5/2010 by

Toronto’s housing market will remain stable next year as sales and prices gradually increase from current levels and housing starts hold steady, stated Shaun Hildebrand, CMHC’s senior market analyst for the GTA at the annual CMHC Toronto Housing...

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Canada’s household debt risks are being mitigated says Scotia...

Posted on November 5/2010 by

After witnessing the experiences of other countries during the global credit crisis, and living through the painful deleveraging here in the 1990s, Canadians are very cognizant of the dangers of excessive debt leverage, according to a special report...

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CAAMP Report: Canadians Comfortable With Their Mortgage Debt Levels;

Posted on November 9/2010 by

One third have made additional payments in the last 12 months Canadian homeowners are comfortable with their mortgage debt, have significant home equity and could withstand an increase in their mortgage interest rate, according to the sixth Annual...

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October Housing Starts Fall 9.2% From September

Posted on November 9/2010 by

The seasonally adjusted annual rate of housing starts was 167,900 units in October down from 185,000 units in September, according to CMHC.

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More Homeowners Opting For Long Amortization

Posted on November 10/2010 by

Canadians are taking longer to pay off their mortgages but don’t expect it to affect their retirement plans.

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Worst Not Over For U.S. Economist Tells Brokers At CAAMP Conference

Posted on November 25/2010 by

Worst not over for U.S. economist tells brokers at CAAMP conference | Thursday, 25 November 2010 Mortgage industry professionals were told the worst isn't over yet for the U.S. economy and that a housing crash is not likely to happen in Canada.

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Affordability Improves For The First Time In Over A Year Says RCB

Posted on November 26/2010 by

After four consecutive quarters of rising homeownership costs, housing affordability improved in the third quarter of 2010 thanks primarily to a drop in mortgage rates and some softening in home prices, according to the latest Housing Trends and...

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