Mortgage Information

MISSISSAUGA, Ontario, May 18, 2011 — Improved financial standing among high net worth individuals is the major factor driving strong sales activity at the top end of Canadian housing markets, according to a report released today by RE/MAX.
RE/MAX Ontario-Atlantic Canada and RE/MAX of Western Canada examined 12 major centres from coast-to-coast and found that luxury sales have surged in …

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Demand for luxury homes intensifies amid rising Canadian and global wealth

OTTAWA, Ontario, May 17, 2011 — Statistics released today by The Canadian Real Estate Association (CREA), reveal that national resale housing activity softened in April when compared to March 2011.
The decline in April sales activity reflects changes to mortgage regulations that came into effect previously. As anticipated, the changes pulled forward some sales activity that would have …

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Canadian home sales edge down in April

OTTAWA, Ontario, May 16, 2011 — While Canada’s economy remains relatively well positioned, it is being buffeted by a significant transformation of the global economy, which is driven by a combination of secular trends and cyclical forces, Bank of Canada Governor Mark Carney said.
“It is a time of great opportunity for Canada, but navigating the cross-currents in the global …

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Canada Is Adjusting to Global Economic Transformation, Says Bank of Canada Governor Mark Carney

TORONTO, Ontario, May 12, 2011 — When it comes to selling a home, the majority of Canadians believe that paying too much in real estate commissions hurts their personal net worth, according to a new survey of over 730 Canadian home owners released by PropertyGuys.com.
The new findings show Canadians are thinking more carefully about their home as a financial asset and are scrutinizing …

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Sell Your Home Smartly And Retire Sooner

TORONTO, Ontario, May 10, 2011 — Of the nearly half of Canadians (46 per cent) who have a mortgage, 86 per cent think it’s important to pay it off as soon as possible, according to a recent Scotiabank study conducted by Harris/Decima assessing the borrowing habits of Canadians. Scotiabank mortgage expert David Stafford provides advice for Canadians on how to pay off their mortgage as …

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Canadians Want To Be Mortgage Free, ASAP: Scotiabank Study

OTTAWA, Ontario, May 09, 2011 — The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service ® (MLS ® ) Systems of Canadian real estate Boards and Associations for 2011 and 2012.
National sales activity is now expected to reach 441,100 units in 2011, a decline of 1.3 per cent from 2010. This is a slight …

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CREA Updates Resale Housing Forecast

OTTAWA, Ontario, May 09, 2011 — The seasonally adjusted annual rate 1 of housing starts was 179,000 units in April, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 184,700 units in March 2011.
“Housing starts moved lower in April mostly because of decreases in multiple construction across the country and in rural starts,” said Bob Dugan, Chief …

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April 2011 Housing Starts

CALGARY, Alberta, May 04, 2011 — In a presentation earlier today moderated by Scotiabank’s Senior Vice-President, Prairie Region, George Marlatte, Scotiabank Chief Economist Warren Jestin was joined by Ted Zaharko, Owner and Broker of Royal LePage Foothills, to share their views on the Alberta economy, as well as the outlook and trends for the Alberta real estate market.
During the …

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Scotiabank Forum Offers Outlook for Alberta’s Real Estate Market

MONTREAL, Quebec, May 04, 2011 — The state of Quebec’s real estate market was examined earlier today in presentations moderated by Scotiabank’s Senior Vice President of Quebec and Eastern Ontario, Diane Giard. Scotiabank Economist Alex Koustas and Scotia Capital’s Director of Portfolio Strategy, Vincent Delisle were joined by Dominic St-Pierre, Director, Network Development, Royal LePage …

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Scotiabank Forum Offers Outlook for Quebec’s Real Estate Market

TORONTO, Ontario, April 18, 2011 — Greater Toronto REALTORS® reported 4,444 sales during the first two weeks of April 2011 – a three per cent decrease compared to the first two weeks of April 2010. The number of new listings was down by 21 per cent compared to the same period last year.
“Sales activity was quite strong during the first two weeks of April. If this level …

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GTA REALTORS® Release Mid-Month Resale Housing Figures