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Affordable housing should be key election issue: OREA

Published on Mon, 22 Jul 2019 13:15:39 +0000

by Duffie Osental With the federal election looming large, the Ontario Real Estate Association is lobbying all four major parties to make homeownership cornerstones of their respective campaigns. The real estate association has been particularly vocal about the plight of first-time homebuyers, many, if not most, of whom are shuttered out of the housing market for reasons ranging from general affordability ... Read More

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BoC interest rate cut likely on its way

Published on Mon, 15 Jul 2019 14:08:04 +0000

While it didn’t happen this week, the likelihood that the Bank of Canada slashes interest rates is growing, according to observers. “If we were only looking at domestic factors, we might think that the Bank would soon start to consider further rate hikes,” said Stephen Brown, an economist with Capital Economics. “Economic growth is on track to outperform the Bank’s ... Read More

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Economists share interest rate predictions

Published on Mon, 08 Jul 2019 13:15:14 +0000

by Neil Sharma While there’s near consensus among economists that the Bank of Canada will hold the interest rate at 1.75% on Wednesday, quite a few of them also believe a rate cut is just around the corner. “If we were only looking at domestic factors, we might think that the Bank would soon start to consider further rate hikes,” said ... Read More

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Only 7% of Vancouver families can afford homeownership

Published on Tue, 02 Jul 2019 13:53:52 +0000

by Neil Sharma With the mortgage stress test, only one in 13 Vancouver families can afford to buy a home. “Only one in eight families earns the income necessary to manage ownership costs in the Vancouver area, and one in five families in the Toronto area and Victoria. And this isn’t taking into account the mortgage stress test,” said RBC’s report ... Read More

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National market benefiting from lower borrowing costs, more jobs

Published on Mon, 24 Jun 2019 13:59:25 +0000

by Ephraim Vecina Lower borrowing costs and a growing labour force are stoking the national housing market, with Canadian home prices going up for the first time in nine months, according to Teranet data. The latest edition of the Teranet-National Bank Composite House Price Index noted that prices went up by 0.5% on a month-over-month basis in May. Increases were observed in nine out ... Read More

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Canadian home sales returned to historical average last month

Published on Mon, 17 Jun 2019 14:02:52 +0000

by Steve Randall There was a further increase in home sales nationwide in May, finally returning sales to 10-year average levels for the month. The Canadian Real Estate Association reported a 1.9% month-over-month increase while actual seasonal activity gained 6.7% year-over-year; the largest annual gain in three years. Sales only increased in half of local markets in May but were ... Read More

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‘Pretty cheap money’: Canadian mortgage rates falling to their lowest level in 2 years

Published on Mon, 10 Jun 2019 14:01:52 +0000

By: Pete Evans House prices may be as high as ever in many parts of the country, but Canadian homebuyers are being offered some of the lowest mortgage rates seen in years as lenders battle to drum up new business. Rates on a standard five-year fixed-rate mortgage have fallen to their lowest level in two years, according to rate comparison website, Ratehub.ca. ... Read More

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Housing starts beat expectations, jumping 20%; condos, apartments up 30%

Published on Mon, 03 Jun 2019 13:56:15 +0000

By: The Canadian Press The pace of housing starts in Canada picked up in April as they rose more than 20 per cent compared with March, fuelled by the start of work on new multi-unit projects such as condominiums, apartments and townhouses. Canada Mortgage and Housing Corp. said Wednesday the seasonally adjusted annual rate of housing starts increased to 235,460 ... Read More

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Ontario price variances illustrate the Fair Housing Plan’s impact

Published on Mon, 27 May 2019 14:11:40 +0000

by Ephraim Vecina Two years since the Fair Housing Plan was introduced, home prices in markets throughout Ontario have seen significant ups and downs, according to a new Zoocasa analysis. The Plan – implemented by the provincial government in April 2017 as a response to speculator-impelled price growth – introduced a raft of regulations that have had a marked impact on ... Read More

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Canadian home sales rebound from 7-year low, but prices still flat

Published on Tue, 21 May 2019 14:29:42 +0000

CBC News After plunging to their lowest level since 2012, sales of Canadian homes have inched higher for the past two months and are now about four per cent higher than they were a year ago. The Canadian Real Estate Association said Wednesday that that home sales last month rose on an annual basis for the first time since December ... Read More

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Canadian Farm News
OMAFRA invests in ag research

The University of Guelph will study possible solutions to crop issues By Diego Flammini The provincial government is investing more than $1 million

Increasing U.S. wheat access to Canada

Canada’s Variety Registration System limits market access, four U.S. Senators said By Diego FlamminiStaff WriterFarms.com Four U.S. politicians are