Excluding the recession year 2009, the Housing Price Index's April performance is tied for the smallest increase in 17 years for that month.
A panel of market leading real estate market analysts argues that fixed rates will increase in the next 30-45 days, citing recent bond yield increases and expecting rates to follow suit.
The British Columbia Real Estate Association (BCREA) said the province had its strongest April in more than a decade – that despite growing concern about Alberta’s economic woes spilling over the border.
One big bank uses recently released data to encourage homebuyers to lock into longer mortgage terms, but is that the best choice in the current environment?
Home sales activity continues to defy expectations, with Canadians taking advantage of warm weather and low rates in April for a 10 per cent spike in sales volume.
Economists at BMO Nesbitt Burns forecast that Newfoundland and Labrador will slip into recession this year but Alberta will narrowly avoid one.
For many Canadians the use of home equity has become the credit line of choice, replacing credit cards