| Home Buying Guide Increasing prices in hottest Canadian housing markets a concernSteep housing price increases in six of Canada's hottest real estate markets since 2002 have all the hallmarks of an "accident waiting to happen" if mortgage rates rise too sharply, warns a new report. Housing prices and sales to slow, CMHC saysExpect to see home sales and prices fall in Canada the second half of 2010, while housing starts moderate, according to Canada Mortgage and Housing Corporation's second quarter Housing Market Outlook released Tuesday. Inspect your home inspectorIt is easy to fall in love with a house or condo the first time you view it, but having a detailed home inspection should give you some idea of what really lurks beneath the surface beauty of that dream home. Rising resale home prices set to stall: Teranet reportA fourteen-month stretch of rising home prices could soon be broken, despite gains in June that were the largest since last August, analysts said Wednesday. Inheritance home: Reno, sell or rent?It is a great privilege to inherit a home from a loved one,
but at a time of high emotion there are practical considerations
that need to be weighed up. HST blamed for drop in sales across the countryHousing sales were down 30% in July from a year ago, and the
Canadian Real Estate Association blames the drop on the new
harmonized sales tax in Ontario and British Columbia. Know the lingo when purchasing a houseBuying your first home can be very exciting, but also a little intimidating and confusing. A real estate transaction is complex and there are many terms you'll hear that may seem like a whole new language. 'Unusual' market to affect sales paceConcerned about mortgage rule changes and rising interest rates, many Canadians decided to buy their homes earlier to save a few bucks -- likely causing the national housing market to slow down, says a real estate company. Canada sees 'dramatic' housing slowdown, global report saysCanada led in the global housing recovery in the first quarter of 2010, but moderating global growth, heightened financial market volatility and sluggish job creation have led to a "dramatic" slowdown in Canada, according to the Global Real Estate Trends report released Tuesday from Scotia Economics. Housing starts fall in JulyThe annual rate of housing starts in Canada fell 1.6 per cent in July to a seasonally adjusted 189,200 units from an upwardly revised 192,300 units in June, Canada Mortgage and Housing Corp. said Tuesday. Copyright (c) |
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