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 Outlook Conference held Nov. 3. “Year-over-year comparisons to 2010 will mask an underlying growth trend that will gain momentum in the second half of next year.

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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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Canada Unexpectedly Loses Jobs

Posted on October 8/2010 by

OTTAWA — The Canadian economy lost 6,600 jobs in September, Statistics Canada said Friday, as the country’s recovery faltered after an initially strong rebound from recession. The jobless rate declined to eight per cent during the month, from 8.

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Canada Mortgage & Housing Related Press Releases

Posted on October 13/2010 by

Half of Canadians struggling to save: RBC poll Juggling personal expenses and managing debt cited as key obstacles TORONTO, Ontario, October 13, 2010 — Many Canadians are having difficulty meeting their savings goals with 38 per cent indicating...

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Home Sales Rise For Second Straight Month

Posted on October 19/2010 by

Canadian housing sales have rose for the second straight month, according to the Canadian Real Estate Association (CREA). In September, the seasonally adjusted annual rate of sales increased by 3 per cent, and prices has begun to stabilize.

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Canadian Real Estate Too Pricey The Canadian Press

Posted on October 26/2010 by

The Economist magazine’s latest survey of global home prices claims that Canadian real estate is overvalued by 23.9 per cent. The Economist determines fair value by comparing the current ratio of house prices to rent with the long-term average.

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