Oakville, with picturesque Lake Ontario waterfront and countless pockets of luxury homes, has boasted a strong housing market over the past few years. This suburban market was primed for balanced conditions coming into the new year, with an expected five-per-cent increases in prices, according to the RE/MAX 2020 Housing Market Outlook Report. Oakville is a hot […]
Dear median-income Vancouver household looking to buy real estate in the city where you work and play: It will take you more than six years to save for a five percent down payment on a median-priced home. And once you’ve reached that goal, carrying that median-priced home will consume 81 percent of your gross […]
OTTAWA — The new Liberal government on Friday confirmed it is tightening lending rules for residential mortgages, setting a minimum down payment of 10 per cent on the portion of home prices over $500,000. Finance Minister Bill Morneau said homes purchased below the new price ceiling will remain at five per cent. The changes […]
Young Canadian homeowners are in for some tough times if the housing market comes crashing down around them, a new study suggests, but realtors and economists say there’s no reason to panic. A report released last week by the Canadian Centre for Policy Alternatives suggests that one in 10 homeowners under 40 will be underwater on their mortgages — meaning their debts will […]
A report by the Canadian Real Estate Association says the Calgary housing market continued to see a slow down in price gains in June. The association’s, MLS Home Price Index, released on Wednesday, which tracks benchmark, or typical, property sales in specific markets, said Calgary saw a year-over-year increase of just 0.48 per cent last month. […]
VANCOUVER — Large Wall Street investors who made billions when the U.S. housing market collapsed in 2008 are now betting real estate values in Vancouver and other Canadian cities will crash, financial insiders say. The hedge fund investors, known as short sellers, are betting against what they believe is a housing bubble in Vancouver, Toronto, Calgary […]
