Canada Mortgage and Housing Corp (CMHC) slightly raised its forecast for 2011 housing starts on Monday, citing an improving economy and still-low interest rates. In a second-quarter housing outlook, the federal housing agency also forecast higher existing home sales than industry group Canadian Real Estate Association (CREA). It said it expected housing ... More

The Bank of Canada kept its key interest rate unchanged at 1 percent on Tuesday but for the first time since the recession it said it would eventually have to lift borrowing costs if economic growth continues. "To the extent that the expansion continues and the current material excess supply in ... More

According to GTA Realtors, April has started off in a promising manner, although sales in the first two weeks have actually dropped by 3% year-over –year. Similarly, there was a drop of 21% year-over-year in the number of new listings. There is hope that April will finish with a bang, though. ... More

TORONTO, /CNW/ – Housing prices in the Greater Toronto Area have more than doubled since 1998, and two new studies released on March 10th, 2011 reveal that the provincial and municipal governments have fuelled much of this increase through a myriad of fees, charges and regulatory costs ... More

Across Canada, the average home price increased between 3.9 and 4.6 per cent in 2010s fourth quarter compared to 2009. Home values are expected to rise steadily through 2011 as low borrowing costs prompt more sales activity to occur in the first half of the year, according to the Royal ... More