Fewer homes are expected to trade hands in the first half of 2013, predicts Royal LePage. This will slow the pace at which home prices are rising. Still, by the end of 2013, the average national home price will be 1% higher than 2012. Read: U.S. housing surge will help Canada In Q4 2012, standard […]
The largest U.S. banks, including JPMorgan Chase, Bank of America, Citi Group and Wells Fargo are close to settling with regulators for breaking rules when foreclosing on customer’s homes, reports ft.com. The $10 billion settlement includes about $3.5 billion that will be paid in cash to homeowners who were evicted from their properties. Read more. […]
National home sales activity edged back down in November.
The downward pressure on pricing in a number of housing markets has eased, but considerable strains remain.
A cooling in Canadian house prices may not be all bad news for the country’s economy as cheaper real estate may free up retail spending power for first-time homebuyers, finds CIBC World Markets. While the slowing in Canadian home sales will take a bite out of domestic economic growth by reducing new housing starts and […]
Do condo owners know their monthly condo fees can increase at any time? Many don’t. In fact, 68% of buyers in Toronto, Montreal, Calgary and Vancouver, didn’t realize condo fees might increase at any time. And more than one-third (38%) say they don’t know if they could afford an increase, finds a TD Canada Trust […]
More than 63% of Canadians need more information about the financial details of buying a home, says a new study.
There are several factors that raise concerns about Canada’s housing market, including sky-high prices in some cities. However, Canada is still sheltered from a U.S.-style meltdown, finds a report from CIBC World Markets. “House prices in Canada will probably fall in the coming year or two, but any comparison to the American market of 2006 […]
Toronto homeowners will see the assessed value of their property increase by an average of 5.5% in 2013, according to Municipal Property Assessment Corporation’s (MPAC). Read: Housing prices up, sales down “Residential property values have increased by an average of approximately 22.8% in Toronto since 2008,” says Joe Regina, municipal relations account manager in MPAC’s […]
Raymond James Ltd is planning to release a new research study that compares the Canadian and U.S. real estate markets.