Blog

Optimism about market, economy

Ontarians seem hopeful about the provincial real estate market, according to new research conducted by the polling firm of Ipsos Reid for the Ontario Real Estate Association (OREA). One third of Ontarians (33%) say the market will strengthen rather than weaken (21%) in 2014. Looking even further ahead – 10 years’ time – significantly more […]

Carbon monoxide detectors to be mandatory in homes

The Ontario legislature recently passed a bill to make carbon monoxide detectors mandatory in homes across the province. The legislature voted to support a private member’s bill requiring home owners to install carbon monoxide warning devices just as they would smoke detectors. The bill passed unanimously in the legislature.  

2014 housing starts to remain stable

Canada Mortgage and Housing Corporation (CMHC) expects total housing starts to be stable in 2014, as fundamentals such as employment growth and migration continue to support the Canadian housing market. That’s the forecast contained in CMHC’s fourth-quarter outlook report.

Ottawa Real Estate Scams

The Ottawa Police Service Organized Fraud Unit is investigating public complaints of real estate fraud using online classified sites. Unknown suspects are duplicating genuine online postings of area properties at a drastically reduced asking price. To date, phony ads have been posted on Kijiji and ForSaleByOwner.ca. The suspect(s) represent themselves as agents for the property […]

Bank of Canada stands pat on key interest rate

The Bank of Canada made no change in its key policy interest rate this morning as expected, leaving it at the one per cent level it has been at for the past three years. The central bank said low interest rates will remain “appropriate” as long as inflation and growth in Canada remain subdued. The bank noted that the global economy continues […]

CMHC cools mortgage market with new cap for banks

Canada Mortgage and Housing Corp. is putting a cap on the amount of mortgage-backed securities sold by banks that it is willing to guarantee. A spokesperson with CMHC confirmed media reports Monday that the national housing agency will, effective immediately, limit banks and other mortgage lenders to $350 million worth of new mortgage-backed securities per […]

Bank of Canada keeps rate and expectations unchanged

The Bank of Canada issued its first policy announcement with new governor Stephen Poloz on Wednesday, and kept the benchmark overnight rate at 1%. Many had expected the introduction of a new governor to set Canada’s central bank on a new course than the one set by Mark Carney, the previous BoC governor. The overnight […]

Be mindful…

The con artist takes information about an MLS® listing from public websites and uses it to advertise the property for rent. When the con artist receives an enquiry, he or she asks for personal information and then requests a “security deposit,” claiming that after receipt of the deposit the keys will be couriered to the […]

Market watch: First-time buyers still a force

Four in 10 Canadians who plan to enter the housing market in the next two years are first-time buyers, according to a new poll. Forty per cent of buyers are predicted to be people new to the housing market, says the 20th Annual RBC Home Ownership Poll. Meanwhile, the majority of Canadians are taking a […]

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