Canada Mortgage and Housing Corporation has crunched the 2015 numbers on foreign ownership of condos in Canadian cities and again concluded that it is low but growing. In Vancouver, about 3.5 per cent of condominiums were owned by foreign buyers in 2015, up from 2.3 per cent a year earlier. The percentage jumped in […]
Archives for December 3, 2015
Toronto, Vancouver house sales set blistering pace in November 2015
Home sales are at record levels in Toronto and near record levels in Vancouver, despite a steep run-up in prices that is putting housing out of reach for many first-time buyers. The era of rock-bottom mortgage rates shows signs of ending, with bond yields on the rise and the U.S. set to raise its benchmark […]
Don’t Ruin Your Chance to Buy a Home with Holiday Spending
If a new home purchase is in your future, or you’re currently under contract to purchase a new home soon, please read this! ‘Tis the season to spend, spend, spend. It’s hard sometimes not to get overwhelmed with the Holiday gift giving spirit. Shoppers around the country say they are planning to spend an […]