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OTTAWA - Canadian home resales improved 41.5 per cent year over year to 42,288 units in October, a record for the month, according to the Canadian Real Estate Association . The national average price for homes listed on the Multiple Listing Service also ...[Read More]
OTTAWA (Reuters) - Canada's economy will pull out of its worst recession since the early 1990s this quarter, the Bank of Canada said on Thursday, and the world economy has likely averted a worst-case scenario and is bottoming out. "With the economy ...[Read More]
Île-des-Sœurs, July 7, 2009 MLS ® sales in the Montréal Metropolitan Area increased by 14 per cent in June 2009 compared to June 2008, the second consecutive monthly increase, reported the Greater Montréal Real Estate Board. ...[Read More]
OTTAWA (Reuters) - Sales of existing homes in Canada jumped 31.5 percent in the second quarter from the first and saw their first year-over-year quarterly increase since before the peak of the financial crisis, the Canadian Real Estate Association said ...[Read More]
Three projects that will give you the biggest return on your investment By Kenneth Ho The kitchen The kitchen is the best place to put your money, hands down. According to the Appraisal Institute of Canada , the average amount home-owners should spend ...[Read More]
Indexes vary Alia McMullen Financial Post CREDIT: Justin Sullivan, Getty Images CREDIT: Teranet, Andrew Barr, National Post CREDIT: The Canadian Real Estate Association, Andrew Barr, National Post The Canadian housing market is beginning to look like a ...[Read More]
Île-des-Sœurs, June 16, 2009 MLS ® sales in the Montréal Metropolitan Area increased by 8 per cent in May 2009 compared to May 2008, with single-family homes leading the way at 13 per cent, reported the Greater Montréal Real ...[Read More]
TORONTO (Reuters) - Resale prices for Canadian homes rose to their highest average on record in May, while sales activity climbed for a fourth straight month as consumer confidence strengthened, according to an industry report released on Monday. But rebounding ...[Read More]
To stimulate economic growth and encourage Canadians to invest in improvements to their homes, Budget 2009 proposes to introduce a temporary Home Renovation Tax Credit (HRTC). The HRTC will provide meaningful tax relief to help Canadian homeowners make ...[Read More]
The Home Buyers’ Plan (HBP) allows first-time home buyers to withdraw amounts from a Registered Retirement Savings Plan (RRSP) to purchase or build a home without having to pay tax on the withdrawal. Budget 2009 proposes to increase the HBP withdrawal ...[Read More]
Budget 2009 proposes to introduce a new non-refundable tax credit based on an amount of $5,000 for first-time home buyers who acquire a qualifying home after January 27, 2009 (i.e. the closing is after that date). The credit for a taxation year will be ...[Read More]
By J.W. Elphinstone, THE ASSOCIATED PRESS Maria Love's Southern California home needed a face-lift. On and off the market for two years, the stucco, five-bedroom house had suffered through three broken deals and steep price cuts. To better appeal to ...[Read More]
Île-des-Sœurs, February 11, 2009 – MLS ® real estate sales in the Montréal Metropolitan Area declined by 37 per cent in January 2009 compared to the same month last year while, at the same time, median prices of single-family ...[Read More]
The recent budget has some great incentives to help stimulate the housing sector! These apply to both 1st time purchasers as well as available grants for renovations. We are attaching the highlights as posted from the Canadian Government website so that ...[Read More]
By Brenda Bouw, The Canadian Press VANCOUVER, B.C. - Record low interest rates are spurring more Canadians to refinance mortgages to consolidate debt, a trend that is expected to grow as Ottawa moves to loosen lending conditions and encourage spending ...[Read More]
The government has earmarked $15 million to nudge Canadians with RRSPs into buying homes. Now you can withdraw $25,000 tax free from your RRSP to buy or build a first home - up from $20,000. The Home Buyers’ Plan (HBP) The Home Buyers' Plan (HBP) ...[Read More]
Published: Jan. 26, 2009 at 9:07 AM TORONTO, Jan. 26 (UPI) -- Political changes in Canada and the United States showed a rise in optimism among Canadians in the real estate market, a survey published Monday said. The Royal LePage Real Estate Services poll ...[Read More]
by Tobi Cohen, THE CANADIAN PRESS Thursday, January 22, 2009 MONTREAL - Homebuyers are being urged to read the fine print and to recognize the potential consequences of tying their mortgage to a grossly inflated secure line of credit - an increasingly ...[Read More]
These rates reflect market conditions at the time the survey was conducted and cannot be construed as an offer by that company. It is our experience that the major banks in Canada will offer consumers with reasonable crdit scores discounts of 1.2 - 1.3% ...[Read More]
Long Term Mortgage Rates Institution Updated 6-yr 7-yr 10-yr ATB Financial 21 JAN 7.20 Bank of Montreal 21 JAN 7.00 7.15 Bank of Nova Scotia 21 JAN 7.00 CIBC 21 JAN 7.00 7.30 Citizens Bank 21 JAN 6.90 Concentra Financial 21 JAN 7.20 7.35 First National ...[Read More]
Tue Jan 20, 9:58 AM Julian Beltrame, The Canadian Press Enlarge Photo (The Canadian Press) By Julian Beltrame, The Canadian Press OTTAWA - The Bank of Canada is warning Canada's economy will significantly contract this year and has moved to arrest ...[Read More]
Variable, Open & Convertible Mortgage Rates Institution Updated Variable 6 mth Open 6 mth Convert 1 yr Open 1 yr Convert 2 yr Open ATB Financial 16 JAN 3.50 7.70 8.25 8.45 Alterna Bank-Savings 16 JAN 4.50 7.80 8.25 Bank West 16 JAN Bank of Montreal ...[Read More]
by Lauren Kerensky Wednesday, January 31, 2007provided by Brokers in the Great White North are seeing an awful lot of green these days, and we're not talking about what's hidden under melting snow. Though the country is a latecomer to the multimillion-dollar ...[Read More]
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