The Bank of Canada is not entirely sure how much the new mortgage rules will slow the housing market, despite releasing forecasts in its Monetary Policy Report
Smaller firms not backed by mortgage insurance go for much higher rates than the BoC’s 4.64%
Though economists have predicted a very slight softening of the economy in Calgary and throughout Alberta next year, some real estate experts warn investors to be cautious.
Average housing prices across Canada were up nearly $30,000 year-over-year in October, from $391,931 in October 2013 to $419,699 in October 2014, according to monthly data from CREA.
Another part of the GTA price surge story… Planning to buy south of the border? Do the research… ATB Financial: Alberta economy will slow down for the next few years…
It is increasingly important for investors to do their homework and be educated about the real estate industry, caution experts.
Housing prices should never dictate investment location, with smart investors looking instead at vacancy rates, rents and cap rates, but a new U.S. report identifying the very cheapest markets may tempt them to stray from that formula.
BMO predicts house price correction in Toronto and Vancouver but not Calgary… Alberta economy may soften next year but no crisis… Business organization slams property tax disparity… Underground condo development: perfect for a nuclear apocalypse…
While Calgary and Edmonton have been hyped as Canada’s hottest residential property markets in recent weeks, some are warning that this is a dangerous trend for investors.
Do you have $100 million burning a hole in your pocket? Maybe you could invest in one of the top 10 most expensive residential properties in the world -- if the opportunity arises.
House price index climbs 5.4 per cent in a year; 0.2 per cent month to month… Lenders still cautious about micro-condos… Jobs growth is driven by Ontario… Royal LePage CEO wins PR award…
Investors beware -- some agents suggest it is ultimately down to buyers to ensure all aspects of an MLS listing are true.