Tag Archives: Real Estate

CREA speaks to the House of Commons

Here are Gary Simonsen’s, the CEO of CREA, remarks to the House of Commons Standing Commitee on Finance, specifically relating to requested improvements on the Home Buyer’s Plan.

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The Bank Of Canada Rate Hike Announcement

The Bank of Canada Abandons its Rate Hike Bias. After years of mimicking chicken little, saying the sky was falling and that interest rates were rising, The Bank of Canada has stopped hinting at future rate hikes.

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How Interest Rates Affect Property Values

An interesting read on How Interest Rates Affect Property Values. please note that this is an American site, so please take it with a grain of salt.

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~60% of Canadian homeowners have a mortgage

NHS: Home-ownership dreams are reliant on mortgages for most Canadians. Does this mean more Canadians are taking bigger mortgages? Or are we borrowing for longer periods of time? Probably, yes. We are also becoming more financially savvy. Experts are finally … Continue reading

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Canadian home sales rise in April

According to statistics released today by The Canadian Real Estate Association Canadian home sales rise in April.

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Homeownership for Generation Y

This article was published in the Calgary Herald, It was written about the Generation Y – those born between ’80 and ’94. According to the survey homeownership in the cards for Generation Y.

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More Canadians Adopt a Low Rate Mindset

Is it time to switch your Variable Rate Mortgage into a Fixed Rate Mortgage? Fewer people believe that rates could rise this year. In a study released by CIBC, 46% of Canadians believe today’s low rates will remain unchanged over … Continue reading

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Alberta’s housing market and affordability levels amongst the strongest in Canada

The Royal Bank has released it’s Housing Trends and Affordability Report, which measures affordability for each province, captures the pre-tax household income needed to service the costs of owning a home at market values. Alberta’s housing market is among the … Continue reading

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