October 2008 - Posts

21 October 2008
Bank of Canada lowers rate

OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 Read More...

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Filed under: Real Estate, real estate market, Canadian interest rates, Bank of Canada, mortgage rates

 

16 October 2008
Home Prices Down; Affordability Improves

Vancouver, BC – October 15, 2008. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined 39 per cent to $2.1 billion in September, compared to September Read More...

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Filed under: Market Conditions, For Sale, Buyer Information, affordability, housing, real estate market

 

16 October 2008
Banks pushing homeowners to lock in mortgage rates: experts

Canadian banks are trying to convince consumers to lock in their mortgage rates because more than 20% of the home loans they have negotiated have become unprofitable, according to industry sources. The credit crunch is affecting the cost of mortgages Read More...

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Filed under: Buyer Information, real estate market, mortgage rates

 

10 October 2008
Government of Canada providing $25B in mortgage funds to CMHC

Ottawa, October 10, 2008 2008-075 Related documents: Backgrounder Supporting Canada’s Credit Markets – A graphic illustration Canada’s Housing, Mortgage and Credit Markets – A PowerPoint Presentation The Honourable Jim Flaherty, Read More...

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Filed under: Real Estate, Market Conditions, Buyer Information, real estate market, canada's housing market, mortgage insurance, CMHC, Government of Canada funds, Canada Mortgage Bond

 

07 October 2008
Royal LePage - Canadian Average House Prices Inch Up In Q3

TORONTO, October 6, 2008 – Home prices in Canada’s resale real estate market continued to grow modestly through the third quarter in most major cities, according to a House Price Survey report released today by Royal LePage Real Estate Services. Read More...

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Filed under: Real Estate, Buyer Information, housing, canada's housing market, Royal LePage Real Estate Services

 

07 October 2008
Why the Canadian housing market is not set to melt down

Globe and Mail Update September 25, 2008 While the “best days” for Canada's real estate markets may be over, comparing the Canadian outlook to the U.S. housing meltdown is off base, two Bank of Nova Scotia economists say in a new report. Read More...

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Filed under: Real Estate, Market Conditions, Buyer Information, housing, real estate market, canada's housing market

 

01 October 2008
Lots For Sale in Pedley Heights, Lake Windermere, BC

Lake Access Lots! • "Phases 1 and 2 Now Selling!" $189,000 to $289,000 Pedley Heights, Lake Windermere - NOW AVAILABLE - LAKE ACCESS LOTS STARTING AT $189,000!! PEDLEY HEIGHTS PHASES I AND II offer one of the largest and best private sand Read More...

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Filed under: Real Estate, For Sale