House price growth to remain slow: Scotiabank
According to economists, the key drivers of prices are looking increasingly weaker and are warning Canadians not to expect any sort of significant growth in house prices for the next few years. The Scotiabank report came a week after TD’s economic announced that it expects home prices to grow at 2% per year for the […]
February real estate market data points to a continued cooling trend
The fallout from the tougher lending rules is continuing through February as sales and prices decline on the national scale. After a lacluster second half in 2012, the Canadian Real Estate Association (CREA) adjusted its forcast for 2013. Total sales for the Canadian housing market are projected to fall 2.9% to 441,500 with the national average […]
Household debt hits a new high
Although the rate of credit accumulation is slowing, household debt in Canada hits new high in the fourth quarter of 2012, lending more evidence that actions taken by the Bank of Canada are stabilzing the housing market.
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Condos fueling jump in Canadian housing starts
According to STATSCAN, building permits worth$5.8 -billion were issued in January, which is up 1.7% from December. The value of permits were also up 17.6% after a 6 month decline.