Tag: home prices
The reports of the demise of Canada's housing sector appear to have been greatly exaggerated. According to the Royal LePage House Price Survey, housing prices across the country continue to post relatively modest gains, and home loans have been kept in check, leading to market stability. And, defying those who had predicted an imminent collapse, …
While rising home prices are good news for sellers and buyers seeking a sound investment, they can also make it that much harder for some Canadians to enter into homeownership.
Mortgage restrictions are turning first-time homebuyers into renters, and the increase in rental demand is resulting in higher costs, according to an article from Canadian Mortgage Trends.
If it seems like Canada’s housing market bounces back and forth from doom and gloom to optimism and sunshine faster than a mortgage application can be submitted, it’s likely because it makes for better headlines than the truth: The market is cooling, but it’s heading for a soft landing, not a crash.
Although the Canadian housing market as a whole is being referred to as “tepid” by some experts, the Alberta region is a shining example of a strong local housing market that other areas would be wise to mimic.
Many Canadians, especially those who belong to the so-called Generation Y, are less than confident when it comes to their chances of financing a home purchase. Data from real estate firm Royal LePage shows that more than 72 percent of survey respondents born between 1980 and 1994 said they were pessimistic about their chances of …