C ANADIAN HOMEOWNERSHIP COSTS EASE FOR SECOND CONSECUTIVE QUARTER: RBC ECONOMICS TORONTO, Feb. 24 /CNW/ - Canada's housing affordability continued to improve in the fourth quarter of 2010, thanks in part to slight decreases in five-year fixed mortgage
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The Federal Government is proposing new rules that will make it much more difficult for condo buyers to qualify for financing. Currently when applying for financing 50% of the condo fees have to be added to monthly debt. Under the new proposal 100% of
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Filed under: Market Conditions, Finances, cmhc, first time homebuyer information, mortgage rule changes, mortgage rules, high ratio mortgage changes, posted mortgage rate, interest rates, Canadian housing market, mortage rates, economic conditions, mortgage qualification rules
December continued to see a decline in the number of residential sales from the previous months. The last half of 2010 has seen a slowed pace from the first half of the year. (HST Anyone). Sales were down 21% as compared to December of 2009, but still
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The Bank of Canada raised it's prime rate .25% today to 1%. This may result in higher mortgage rates depending on what the banks decide to do. The Bank of Montreal had just lowered it's 5 year rate, so we'll see today or tomorrow what they
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Housing Starts Increase in June OTTAWA, July 9, 2009 — The seasonally adjusted annual rate 1 of housing starts increased to 140,700 units in June from 130,300 units in May, according to Canada Mortgage and Housing Corporation (CMHC). “The
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Total listings for the month of June were 1062 that's a 12% decrease over June of last year. Sales were 542 for the month which is a 8% increase over June of last year. This has been the first positive month in over a year. The 20% spread between
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