CMHC Case Study Reviews by the Canadian Funding Corp.
OTTAWA — Despite signs long-term mortgage rates are creeping up, the housing market is continuing is bounce back to life according to the Canadian Real Estate Association.
In June, 8.7% more homes were sold than in May. It’s the fifth straight month of increases — a 17.9% increase over June 2008.
“This rebound reflects the releasing of [...]
Canadian sales of existing homes rose for a fifth month in June, adding to evidence that record low borrowing costs are fueling housing demand.
Sales rose 8.7 percent to 41,304 homes from the previous month on a seasonally adjusted basis, the Canadian Real Estate Association said today in a statement from Ottawa. Average home prices rose [...]
Every time I go back through the TLR archives of this BC Rail case, I am surprised to see certain things leap off the page with new significance. Almost as if I hadn’t seen them before. Like this line:
OmniTRAX president and real estate developer, Patrick Broe …
A real estate developer?
Others undoubtedly saw that line [...]