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Banks might resort to passing on the mortgage rate increases to consumers, RateSpy.com founder warns
April housing starts across Canada were down almost nine per cent from a year ago as increases in some urban centres failed to offset declines in the Prairies.
With higher house prices in many areas and economic uncertainly weighing heavily on some homeowners’ minds more are choosing to stay in their current homes and renovate.
The City of Montreal has announced a multimillion dollar program to boost commercial retailers.
Economic policies that apply to the whole country do little to curb the hottest markets and Ottawa seems reluctant to meddle too much anyway.
It could be Canada’s most expensive vacation property – if it sells for asking – but this Whistler home is unlikely to cash flow as an investment.
Homebuyers and investors have yet another reason to rejoice: one more economist has suggested that the Bank of Canada is unlikely in increase interest rates.
There was an 11.6 per cent increase in the value of building permits in March compared to the month before.
While opinions differ on both the level and the impact of foreign ownership of homes in Vancouver, many of the city’s residents are fed up with rising prices making the city unaffordable.
The office and industrial real estate sectors have been slowing down but it’s a different story in the city’s retail space.
One West Coast MLA is challenging the government to ensure there is accountability for landlords and tenants who break the law