An overview of this lower market conditions since the mortgage rule changes in July 2012. Has the bubble burst, or are we experiencing a soft landing in real estate values?
Canada could move on rates well before the end of next year. Moodybs Analytics, the sister company to global ratings agency points to Canadabs GDP growth being broadly in line with projections.
Following several months of higher than expected sales growth, Calgary residential sales in August totaled 1,725 units, a 10-per-cent increase over last year. Read for more details.
The Bank of Canada left its interest unchanged today at 1%. This means that Bank Prime rate will remain unchanged at 3%. This is the interest rate that variable rate mortgages and lines of credit are measured against. This interest rate has remained unchanged since September 2010. This is the longest period of unchanged interest rates since the mid-1950bs.