As interest rates rise, consider helping clients stress-test their mortgages and budget plans.
The Canadian Real Estate Association has updated its forecast for home sales activity.
Eighty-four percent of Canadians say a house or a condominium is a good investment, according to an RBC poll. Intent to purchase remains strong with one-in-four Canadians (25%) indicating plans to buy a home within the next two years. Among these, four-in-ten (44%) say they will be first-time buyers.
The affordable single-family home in Vancouver is a dying relic, says real estate expert.
And selling it can be even more difficult -- 76% of realtors say buyers are less likely to purchase the home.
Housing markets will remain stable going into 2016, but national trends may affect provinces differently.
Wealthy Canadians’ primary residences are currently worth upwards of $1.5 million, on average.
There is little evidence that Canadian households are being irresponsible in taking on new debt.
The average cost of a home in Canada is now $448,862, according to the Canadian Real Estate Association. So what type of property can a buyer get for that amount?
One reason Canadians are cashing out could be due to the falling loonie and rising U.S. home prices. Here's how to help these clients.