Posts Tagged ‘housing market’
Major lenders hike rates following Bank of Canada decision
Canada’s major banks have been quick to react to the Bank of Canada’s decision to raise interest rates to 1.25%. CIBC, RBC, Scotiabank and TD were among the first lenders to increase their prime lending rates by 25 basis points to 3.45%; the new rates take effect from today (Jan 18) more
Read MoreSold Strategies goes to #1!
FREE download till midnight tonight (Wed). Ranked #1 in Do-it-Yourself and #2 in Real Estate. Reviews appreciated! If you’re thinking of selling your house, you need this book! https://goo.gl/lFjdz8
Read MoreGovernment thinks these measures will cool the hot market. Are they aiming at the right places?
As a REALTOR, part of me wants to see the gov’t do something about escalating prices. But the other side of me has investors who are paying too much for homes, then being forced to pass it on to renters with higher initial rents. Capping increases will help, yes, but what about the high starting…
Read MoreNo crash for Canadian housing market say experts
Moody’s Analytics economist Andrew Carbacho-Burgos believes that growth in prices will slow nationally to 2 per cent with Vancouver and Toronto leading the decline as domestic buyers continue to struggle with affordability and foreign investment eases. http://www.repmag.ca/…/no-crash-for-canadian-housing-market…
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