Canadian home sales pick up in April
“The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations rose 2.7 per cent from March to April 2014. This continues to build on gains recorded in each
Average house price rises 7.6% to $409,708 in Canada
“The average price of a Canadian home moved higher in April to $409,708, a 7.6 per cent increase in the past year. The figure continues to be skewed higher by hot markets in Toronto and Vancouver,
Monthly Market Update
[youtube id=”vVsaPJOevuU” width=”600″ height=”350″] President of the Vancouver Island Real Estate Board: Blair Herbert reports Real Estate Statistics for April 2014.
Plans unveiled for Hilton hotel in Nanaimo
“A $100-million skyscraper hotel proposed for Nanaimo’s waterfront will bank on Asian tourists to help fill rooms, according to the consulting firm behind the project. Nanaimo’s Front Street is being pitched as the new home
Should you get pre-approved for a mortgage? Ten things to know
“Putting your full faith in a mortgage pre-approval is like betting on a heavy favorite in a horse race. You’ll probably win but there’s room for major disappointment. Sure, pre-approvals have benefits. The best ones
Monthly Market Update
[youtube id=”WVB5v8yfwzE” width=”600″ height=”350″] President of the Vancouver Island Real Estate Board: Blair Herbert reports Real Estate Statistics for March 2014.
BMO slashes 5-year mortgage rate to 2.99%
“The Bank of Montreal is slashing its five-year fixed-rate mortgage to levels that caused former finance minister Jim Flaherty to express concerns last year. The bank says it will offer a five-year rate of 2.99 per cent,
All the data point to a soft landing for Canada’s housing market
“Mortgage costs, not just house prices, are the principal deciding factor for potential home buyers. This makes comparison of monthly payments to incomes and rents more relevant than similar comparisons using house prices alone. Slowly
Monthly Market Update
[youtube id=”bk71exB4-1w” width=”600″ height=”350″] President of the Vancouver Island Real Estate Board: Blair Herbert reports Real Estate Statistics for February 2014.
Bank of Canada maintains overnight rate target at 1 percent
“Both total CPI and core inflation in Canada are still expected to follow roughly the path outlined in the January Monetary Policy Report, although recent readings were slightly higher than expected. Excess supply in the economy
Mortgage costs set to rise as CMHC leads premium hike
“Canada Mortgage and Housing Corp. has raised mortgage insurance premiums for the first time since the 1990s, and signalled more hikes could be on the way.” “CMHC executives said the higher premiums would mean an
Young families, home buyers see marginal benefits from B.C. budget
“Young families and new homeowners were the main beneficiaries of the tightly confined wiggle room in B.C.’s latest budget, one touted by Finance Minister Mike de Jong as boring but balanced.” “For first-time home buyers,