March 2008 - Posts

14 March 2008
Home affordability at worst point since 1990: RBC

Housing affordability in Canada ended last year at its lowest level since 1990, Royal Bank said Friday. In its quarterly outlook on the cost of owning a home, the bank said affordability eroded in every quarter of 2007 as house prices rose on the strength Read More...

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Filed under: Real Estate, Market Conditions, Finances, Buyer Information, Royal Bank, affordability, housing

 

03 March 2008
How low will Bank of Canada rate go? Half-point cut expected on U.S. slowdown

ERIC BEAUCHESNE NEWS CANWEST SERVICE OTTAWA It’s no longer a question of to cut or not to cut for the Bank of Canada, but of how low will it go. Canadians will find out Tuesday. With analysts agreeing, and Mark Carney, the new governor of the central Read More...

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Filed under: Market Conditions, Finances

 

03 March 2008
Housing resales drop 6.3 per cent in January

© The Globe and Mail LORI McLEOD Friday, February 29, 2008 A predicted slowdown in the residential housing market has been proven out by January resale housing figures which show a drop in year-over-year unit sales in every part of the country except Read More...

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Filed under: Real Estate, Market Conditions, Buyer Information, Seller Information