Here are the most recent archived news stories posted for Moving In Canada:
Interest Rate rise expected in the US
Canada: Canada: if rates rise in US, expect them to follow in
Home prices across Canada move toward affordability
Canada: Canada: 2018 Home prices in Canada... moves toward
Calgary housing starts expected to dip
The Conference Board of Canada predicts widespread housing starts declines over the short term across the country, including Calgary.
In releasing its Metropolitan Monthly Monitors report on Monday, the board said housing starts were down in 13 of 27 markets on a year-over-year basis in November.
Besides the Calgary census metropolitan area, the board listed the following centres as having negative short-term expectations: Oshawa, Toronto, Hamilton, Kitchener-Waterloo, Windsor, Winnipeg, Regina, Victoria and Abbotsford.
Canada November Composite Leading Indicators: Housing up
Canada: : Following is the text of Canada's leading indicators report from Statistics Canada.
The composite index rose 0.3% in November, the same as in October. Among the 10 components, 6 posted gains, 3 were unchanged and 1 declined.
The housing index recorded the largest turnaround, increasing 2.0% after six straight declines averaging almost 3% a month. Both housing starts and existing home sales firmed after sizable retreats from their highs in the spring. The upturn in housing was reflected in a levelling off of furniture and appliance sales, after four straight declines.
Bank of Canada says debt and overvalued house prices remain biggest risk to economy
Canada: : The bank reckons house prices today could be as much as 30 per cent overvalued today. The bank says it's about 95 per cent sure that house prices have been overvalued by an average of about 10 per cent since 2007.
The Canadian Housing Market is Expected to Stabilize- Predict Experts
Canada: : Even though the mortgage rates have increased from 3.39% to 3.69 %, they are still at historic lows. Thus, it’s still a buyer’s market. In fact experts suggest that Canada’s mortgage industry is vastly stable and competitive than its American and Australian markets. In the US, there were 54,000 mortgage firms, while only 8000 of them are left today. On a national level the housing affordability improved between 1.4 and 2.5 % points from the second quarter,” adds Ken Faminoff (first name).
Canada Housing Starts Rise First Time in Four Months, Exceeding Forecasts
Canada: : Starts advanced 11.6 percent to a seasonally adjusted annual pace of 187,200 from a revised 167,800 rate in October, Canada Mortgage and Housing Corp. said from Ottawa today. The reading exceeded all 21 estimates in a Bloomberg News survey that had a median estimate of 173,000 units.
Housing starts will drop to 174,800 units in 2011 from an estimated 186,200 units this year, Canada Mortgage and Housing Corp. said Nov. 15. The Bank of Canada said in October that housing will be a drag on economic growth next year, after temporary stimulus measures for homeowners lapsed.
Condo overbuilding in Canada
Canada: : I’m not at all surprised that our government-backed housing agency—the Canada Mortgage and Housing Corporation—is warning condo builders to sell more of their current inventory before building more condos.
RBC predicts stability in housing market
Canada: : Canada's largest bank is predicting a period of stability in the housing market next year as rising mortgage rates are offset by improvements in the job market and household income.
Canadian housing starts dove 9.2%
Canada: : In October, Canadian housing starts dove 9.2% to 167.9K units from a downwardly revised 185K in September. This is an acceleration of what had been a smooth down trend in starts since April. Urban starts plunged to 142.4K from 162.3K the previous month. Rural starts sprang to 25.5K from 22.7K. This worse-thanexpected overall decline was broad-based, with starts falling in 4 of 5 regions. Only the Atlantic region (+32.9% or +2.4K) posted a gain