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TORONTO, Ontario, March 08, 2010 — Homebuying momentum in Canada continues to gain steam with the portion of Canadians who are very likely to purchase a home in the next two years rising to 10 per cent from seven per cent two years ago, according to the 17th Annual RBC Homeownership Study. Younger Canadians, aged 18 to 24, will lead the charge this year, with those very likely to buy …
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Home purchase intentions full steam ahead: RBC poll
OTTAWA, Ontario, March 08, 2010 — The seasonally adjusted annual rate 1 of housing starts reached 196,700 units in February 2010. This is an increase from an annual rate of 185,400 units in January 2010, according to Canada Mortgage and Housing Corporation (CMHC).
“The gain in February housing starts was concentrated in the multiple starts segment, particularly in Toronto,” …
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February Housing Starts
OTTAWA, Ontario, March 02, 2010 — Housing starts rebounded in the second half of 2009 and will strengthen in 2010, according to Canada Mortgage and Housing Corporation’s first quarter Housing Market Outlook, Canada Edition*.
Following a total of 149,081 units in 2009, housing starts are expected to be in the range of 152,000 to 189,300 units in 2010, with a point forecast of …
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Housing Activity Stronger in 2010
TORONTO, Ontario, March 01, 2010 — The February RBC Canadian Consumer Outlook Index rose three points to 109 from 106 in January, as consumers were more positive about their outlook for the Canadian economy. This is the highest level the index has reached since it was established in November 2009.
Canadians remain divided when considering the overall state of the economy. However, the …
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RBC Canadian Consumer Outlook Index rises in February as Canadians feel more positive about the national economy
OTTAWA, Ontario, February 26, 2010 — The Board of Directors of the Bank of Canada today announced that Tiff Macklem has been appointed Senior Deputy Governor for a term of seven years beginning 1 July, 2010. His selection was made by the independent members of the Bank’s Board and was approved by the federal Cabinet.
Mr. Macklem, who has had a long association with the Bank of Canada, …
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Bank of Canada announces appointment of Tiff Macklem as Senior Deputy Governor
WINNIPEG, Manitoba, February 25, 2010 — Housing market analysts predict single-detached and multi-family starts in Manitoba to increase in 2010 as buyers return to the marketplace following the economic downturn in 2009. Canada Mortgage and Housing Corporation (CMHC) experts will present their outlooks today at the annual Housing Outlook Conference in Winnipeg. Attendees will hear …
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Manitoba’s New and Resale Housing Markets Expected to Improve
KELOWNA, British Columbia, February 24, 2010 — Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released today by RE/MAX.
The RE/MAX Market Trends Report 2010, which examined real estate trends and developments in 16 markets across the country, found that unusually strong activity during one of the …
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Low inventory levels set stage for heated Spring market in most major Canadian centres, says RE/MAX
OTTAWA, Ontario, February 17, 2010 — According to statistics released by The Canadian Real Estate Association, the number of homes sold through the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards declined in January 2010 from the previous month.
Seasonally adjusted national home sales dropped 2.8 per cent from near record levels reported in December. …
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National resale activity edges down in January
OTTAWA, Ontario, February 16, 2010 — The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada’s housing market and continue to encourage home ownership for Canadians.
“Canada’s housing market is healthy, stable and supported by our country’s solid economic fundamentals,” said Minister Flaherty. “However, a …
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Government of Canada Takes Action to Strengthen Housing Financing
TORONTO, Ontario, February 16, 2010 — “While we do not believe that Canada faces a housing bubble, we fully support the Minister’s actions. Given the prospect of higher interest rates and the recent run-up in housing prices in some markets across Canada, the measures announced today are prudent. Currently, we require high ratio mortgages to be able to qualify using the 5 year rate,” said …
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Statement by BMO Bank of Montreal on Changes to Canada’s Mortgage Market