Real Estate News

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Mortgage war as BMO cuts rates, homebuyers benefit

March 6, 2013

Competition for mortgage customers has Finance Minister Jim Flaherty concerned about downward pressure on rates. On March 2, Flaherty warned Canada’s banks to remain careful and act prudently, to prevent a rate war ...

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Good news for qualified Victoria real estate buyers

November 20, 2012

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How green is your potential home?

October 12, 2012

The Energy Committee for the Consumers Council of Canada has floated a voluntary energy labelling system for homes that would help realtors and buyers determine the energy efficiency of a potential real estate purchase. According to Joan Huzar, chairman of ECCC, “Consumers have a ba...

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Big changes to mortgage rules will impact first time, gov’t insured buyers

June 25, 2012

  Mortgage lending rules are being tightened by the Canadian federal government amid concerns about an overheated housing market and rising household debt....

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New home construction explodes in April

May 9, 2012

Home building in Canada soared in April according to the Canada Mortgage and Housing Corp. There was a seasonally adjusted annual rate of 244,900 housing starts in April - up 14 per cent...

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