Category Archives: Economy
Demographic Shifts Not as Bad for Housing as Perceived: CIBC
Written on August 23, 2012 at 3:33 pm, by Ingrid Jarisz
Demographic conditions in the next decade will be as supportive as in the past decade – and might soften housing correction TORONTO, Aug. 23, 2012 /CNW/ – Housing market activity is projected to soften in the near-term, but the good news is any adjustment will not be aggravated by negative demographic forces. In fact, at Continue Reading »
Activity Continues in Favourable Victoria Real Estate Market Conditions
Written on August 1, 2012 at 11:29 am, by Ingrid Jarisz
VICTORIA BC – Real estate activity continues to be steady in Greater Victoria, reflecting favourable conditions attributed to stable pricing, low interest rates and good selection. Total MLS® sales for July 2012 were 523 compared to 523 for the same period in 2011. During the month, 293 single family homes sold throughout the Victoria Real Continue Reading »
HARPER GOVERNMENT TAKES FURTHER ACTION TO STRENGTHEN CANADA’S HOUSING MARKET
Written on June 24, 2012 at 11:26 am, by Ingrid Jarisz
Recently the Minister of Finance announced changes to the standards governing government-backed insured mortgages: the maximum amortization period was reduced from 30 years to 25years; the maximum amount Canadians can withdraw in refinancing their mortgages was lowered to 80 per cent from 85 per cent of the value of their homes; the maximum gross debt Continue Reading »