Canadians Want To Be Mortgage Free, ASAP: Scotiabank Study

TORONTO, Ontario, May 10, 2011 — Of the nearly half of Canadians (46 per cent) who have a mortgage, 86 per cent think it's important to pay it off as soon as possible, according to a recent Scotiabank study conducted by Harris/Decima assessing the borrowing habits of Canadians. Scotiabank mortgage expert David Stafford provides advice for Canadians on how to pay off their mortgage as …

CREA Updates Resale Housing Forecast

OTTAWA, Ontario, May 09, 2011 — The Canadian Real Estate Association (CREA) has revised its forecast for home sales activity via the Multiple Listing Service ® (MLS ® ) Systems of Canadian real estate Boards and Associations for 2011 and 2012. National sales activity is now expected to reach 441,100 units in 2011, a decline of 1.3 per cent from 2010. This is a slight …

April 2011 Housing Starts

OTTAWA, Ontario, May 09, 2011 — The seasonally adjusted annual rate 1 of housing starts was 179,000 units in April, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 184,700 units in March 2011. “Housing starts moved lower in April mostly because of decreases in multiple construction across the country and in rural starts,” said Bob Dugan, Chief …

Scotiabank Forum Offers Outlook for Quebec’s Real Estate Market

MONTREAL, Quebec, May 04, 2011 — The state of Quebec's real estate market was examined earlier today in presentations moderated by Scotiabank's Senior Vice President of Quebec and Eastern Ontario, Diane Giard. Scotiabank Economist Alex Koustas and Scotia Capital's Director of Portfolio Strategy, Vincent Delisle were joined by Dominic St-Pierre, Director, Network Development, Royal LePage …

GTA REALTORS® Report Monthly Resale Housing Figures

TORONTO, Ontario, May 04, 2011 — Greater Toronto REALTORS® reported 9,041 existing home sales through the TorontoMLS® system in April 2011. This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year’s record result, April 2011 sales were in line with the average April sales level reported over the previous five …

GTA REALTORS® Release Mid-Month Resale Housing Figures

TORONTO, Ontario, April 18, 2011 — Greater Toronto REALTORS® reported 4,444 sales during the first two weeks of April 2011 – a three per cent decrease compared to the first two weeks of April 2010. The number of new listings was down by 21 per cent compared to the same period last year. “Sales activity was quite strong during the first two weeks of April. If this level …

National home sales hold steady in March

OTTAWA, Ontario, April 15, 2011 — According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity held steady in March 2011 compared to February. Seasonally adjusted national home sales activity in March came in one tenth of a percentage point above levels for the previous month, with stable demand in most large urban centres. …

BMO Survey Shows 90 Percent of Canadian House Hunters Value Affordability and Location over Resale Value

TORONTO, Ontario, April 13, 2011 — As the busiest season for the housing market gets underway, a new survey from BMO Bank of Montreal shows that the price of a home and where it's located is much more important for homebuyers than future sale price. The survey, conducted by Leger Marketing, shows that the majority of Canadians planning to buy a home in the next two years value the price …