Archive for April, 2009
Home construction rose unexpectedly
OTTAWA - Home construction rose unexpectedly in March, led by Ontario and Quebec, Canada Mortgage and Housing Corporation said Wednesday. There were 154,700 housing starts on an annualized basis during the month, up from a revised 136,100 units in February, the government agency said. Many economists had expected housing starts to dip to [...]
Mortgage rates in Canada aren’t likely to fall further
Mortgage rates in Canada, which have plunged by almost 50% in the last year, aren’t likely to fall further, said Phil Soper, chief executive of Brookfield Real Estate Services Fund. “Certainly with the Bank of Canada’s target rate set at virtually zero, there’s very little room,” Mr. Soper said Tuesday at a conference in Toronto on [...]
Canada’s housing market shows signs of life
Canada's housing market shows signs of life By Jamie Sturgeon, Financial PostApril 15, 2009 Rock-bottom interest rates combined with some relief from Ottawa to pull the housing market out of its tailspin, industry experts said Wednesday — temporarily, at least. The cautious optimism stems from fresh figures released by the [...]
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