Housing market – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Wed, 11 Oct 2023 16:33:52 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Housing market – Advisor's Edge https://phoenix.advisor.ca 32 32 Statistics Canada reports value of building permits up 3.4% in August https://phoenix.advisor.ca/news/economic/statistics-canada-reports-value-of-building-permits-up-3-4-in-august/ Wed, 11 Oct 2023 16:33:52 +0000 https://www.advisor.ca/?p=231635 Modest declines in residential construction plans, total monthly value of non-residential permits rose 14.8% to $5.0 billion

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]]> Toronto home sales drop 7% in September, while Vancouver market more balanced https://phoenix.advisor.ca/investments/market-insights/toronto-home-sales-drop-7-in-september-while-vancouver-market-more-balanced/ Wed, 04 Oct 2023 19:51:52 +0000 https://www.advisor.ca/?p=231501 TD Economics expects declines in sales and prices into 2024 across most regions

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]]> Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook https://phoenix.advisor.ca/news/economic/homeowners-brace-for-mortgage-payment-shock-amid-higher-for-longer-rate-outlook/ Mon, 02 Oct 2023 20:20:26 +0000 https://www.advisor.ca/?p=231393 Banks and other lenders have been stretching out amortizations to reduce monthly payments

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]]> Feds unlock another $20 billion for low-cost rental construction financing: Freeland https://phoenix.advisor.ca/news/industry-news/feds-unlock-another-20-billion-for-low-cost-rental-construction-financing-freeland/ Tue, 26 Sep 2023 19:24:09 +0000 https://www.advisor.ca/?p=231175 The government is raising the limit on the Canada Mortgage Bonds program to $60 billion

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]]> National home sales fall between July and August as market slows https://phoenix.advisor.ca/news/economic/national-home-sales-fall-between-july-and-august-as-market-slows/ Fri, 15 Sep 2023 15:08:47 +0000 https://www.advisor.ca/?p=230797 But a return to housing affordability isn't imminent, says an economist

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]]> Housing gap to restore affordability remains at about 3.5 million units: CMHC https://phoenix.advisor.ca/news/economic/housing-gap-to-restore-affordability-remains-at-about-3-5-million-units-cmhc/ Wed, 13 Sep 2023 16:33:59 +0000 https://www.advisor.ca/?p=230719 The supply picture has improved somewhat in Ontario, but has worsened in other provinces like Quebec, Alberta, and British Columbia

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]]> Does the underused housing tax apply to 24 Sussex Drive? https://phoenix.advisor.ca/tax/tax-news/does-the-underused-housing-tax-apply-to-24-sussex-drive/ Tue, 12 Sep 2023 14:00:53 +0000 https://www.advisor.ca/?p=230646 The Canada Revenue Agency's extended deadline to file a UHT return and pay any tax is approaching

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]]> Canadian home prices to be flat this fall amid high interest rates: report https://phoenix.advisor.ca/news/economic/canadian-home-prices-forecasted-to-be-flat-this-fall-amid-high-interest-rates-report/ Tue, 05 Sep 2023 19:24:16 +0000 https://www.advisor.ca/?p=230392 Prices are still expected to rise in Toronto, Calgary and Sudbury

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]]> Report says detached home prices in Toronto, Vancouver and Fraser Valley down https://phoenix.advisor.ca/investments/market-insights/report-says-detached-home-prices-in-toronto-vancouver-and-fraser-valley-down/ Tue, 22 Aug 2023 18:33:52 +0000 https://www.advisor.ca/?p=229950 A drop in prices in the first quarter triggered a surge in home-buying activity in the second

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]]> U.S. home sales slumped in July as rising mortgage rates and prices discouraged buyers https://phoenix.advisor.ca/news/economic/u-s-home-sales-slumped-in-july-as-rising-mortgage-rates-and-prices-discouraged-buyers/ Tue, 22 Aug 2023 18:28:01 +0000 https://www.advisor.ca/?p=229947 The shortage of homes for sale has kept the market competitive

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