Canada's Condominium Magazine

Monthly Archives: March 2013

Transit-accessible homes retain their value, even in recession: study

Transit-accessible homes retain their value, even in recession: study

There’s an interesting connection between public transportation and housing. It has long been apparent that people shopping for a home often put proximity to public transit high on their list of priorities for the home’s location. People like the convenience of living close to subways and streetcar lines. Given the choice, many people will take… Continue Reading

Flaherty squashes mortgage rate competition

Flaherty squashes mortgage rate competition

It didn’t take long. This morning, Manulife Bank announced that it would offer five-year fixed-rate mortgages at 2.89 per cent, ten basis points below BMO’s offering announced last week. By this afternoon, however, Manulife said it was pulling the cut-rate mortgage, which had been the lowest it ever offered. What happened? Canada’s Finance Minister, Jim… Continue Reading

Baby boomers affecting longer-term housing growth: report

Baby boomers affecting longer-term housing growth: report

The badly damaged US housing market is practically roaring back to life, while Canada’s is “softening.” According to a report on global real estate by ScotiaBank, the US is “at the top of the pack” globally for price growth, as demand outstrips supply. Here, on the other hand, demand has slumped because of government engineered… Continue Reading

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