The Canadian economy experienced some good news recently when the International Monetary Fund proclaimed that their outlook for the country was better than expected. “Our outlook for the Canadian economy is a relatively rosy one,” said Roberto Cardarelli, mission chief for the IMF in Canada. The IMF’s outlook includes growth for the economy during the …
Remember those government housing rules created in July by Finance Minister Jim Flaherty to cool the hotter-than-hot housing market down and prevent that supposed bubble from bursting and ruining everybody’s lives?
After what seems like years of increasing home sales and low mortgage rates, could it be that the Canadian housing market is finally slowing down?
Existing home sales in Canada inched up in April, piggybacking on the Toronto and Calgary markets, which handily outpaced to rest of the country, according to the Canadian Real Estate Association.
Fueled by continued low mortgage rates, Canadian home sales activity rose 1.2 percent in October from the previous month, keeping in line with the 10-year average for year-to-date sales.
Canadians have recently expressed desire to only pay for select real estate agent services when buying or selling a home, but now the agents are engaging in a similar battle.
With the age of information in full effect, prospective home buyers are increasingly interested in obtaining housing data on their own, instead of completely relying on a Realtor.