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 [...]
OTTAWA — Weaker home prices and lower borrowing costs are attracting buyers back into the housing market, according to a report Wednesday by RBC Economics.
“Declining costs of home ownership during the last year were driven by significant cuts in mortgage rates along with the federal government taking an active role in supporting the mortgage securities [...]
Atlantic Canada housing market strongest in ‘09
Updated Wed. Apr. 8 2009 6:40 PM ET
CTV.ca News Staff
A recession-cooled Canadian real estate market saw falling housing prices during the first quarter of the year, though the declines were not as steep as expected.
A quarterly house price survey, released Wednesday by Royal LePage Real Estate Services, showed national [...]