Real Estate Investment Canada - Canada Housing Market News

Canada Housing Market News

HOME BUYERS GET CASH INCENTIVE Tuesday, March 9, 2010 @ 11:03PMProspective homeowners will have more options to help them make their purchase. The Canada-Ontario Affordable Housing Program (AHP) home ownership component now includes resale units, providing down payment assistance to low and moderate-income households.[...]
Canada’s five biggest banks earn combined $5.09 billion in first quarter Tuesday, March 9, 2010 @ 5:43PMCanada’s five biggest banks saw their profits soar by nearly two-thirds in the latest quarter as a rebound in the economy from last year’s recession and continued strength in the housing and stock markets helped their bottom lines.
Furniture retailers’ sales rebound as home sales rise Tuesday, March 9, 2010 @ 5:32PMRevival started in fourth-quarter of 2009 South Florida big-box furniture retailers have seen an uptick in sales in recent months as home buying has climbed back from a historic slump.
Gold Seeker Closing Report: Gold and Silver End Mixed and Near Unchanged Tuesday, March 9, 2010 @ 3:26PMGold saw a slight gain of $0.79 at $1123.99 in Asia before it fell back off in London and dropped to as low as $1107.89 by about 8:45AM EST in New York , but it then rallied to a new session high of $1124.30 by about noon EST and ended with a loss of just 0.12%. Silver fell to as low as $16.855 in early New York trade before it also rallied back higher for most of the rest of trade and ended ...
Falling oil, gold push TSX slightly lower; Scotiabank hands in solid earnings Tuesday, March 9, 2010 @ 2:17PMTORONTO - The Toronto stock market was little changed early Tuesday afternoon as Scotiabank handed in a better than expected earnings report and commodity prices weakened.
TSX down on falling oil, gold Tuesday, March 9, 2010 @ 2:16PMCommodity and financial stocks pushed the Toronto stock market lower Tuesday as oil and gold prices fell and Scotiabank failed to encourage buyers even as its latest earnings beat expectations.
Albertans lead Canada in homeownership intentions Monday, March 8, 2010 @ 9:51AMAlberta residents are keenly focused on the housing market, with 92 per cent of respondents believing that buying a home is a good investment, according to the 17th Annual RBC Homeownership Survey. On a national level, Albertans are the most likely, 13 per cent, to say they are very likely to buy a home within the next two years, and among those looking to buy, they are also most likely, 40 per ...
Loonie hits 7-week high Monday, March 8, 2010 @ 9:32AMThe Canadian dollar has hit its highest level since January, as a lower U.S. dollar gave a boost to commodity prices.
TSX buoyed by commodities, RIM upgrade Monday, March 8, 2010 @ 9:30AMThe Toronto stock market was higher Monday morning amid rising oil and metal prices following a strong advance last week that took the TSX to its best levels of the year.
(AFX UK Focus) 2010-03-08 15:20 UPDATE 2-Canada February housing starts rise 6.1 pct Monday, March 8, 2010 @ 9:26AMBy Ka Yan Ng
Housing starts more than double in February Monday, March 8, 2010 @ 9:15AMHousing starts more than doubled in February in Ottawa as builders responded to strong market demand.
Facts for first-time home buyers Monday, March 8, 2010 @ 9:10AMThe Greater Vancouver Home Builders' Association is hosting the 16th-annual Seminar for First-time Home Buyers in Surrey on March 23. others also read...
February housing starts rise 6.1 percent Monday, March 8, 2010 @ 9:09AMCanadian housing starts rose a better than expected 6.1 percent in February, reinforcing views that the residential housing sector is a key lever pulling the economy out of recession.
Monday outlook: Stocks head for positive open following sharp gains last week Monday, March 8, 2010 @ 8:46AMRising oil and metal prices could take the Toronto stock market higher Monday following a solid advance last week. The Canadian dollar was up 0.38 cent to US97.42 cents.
Housing starts rise 6.1% in February Monday, March 8, 2010 @ 8:37AMHome construction rose by a more-than-expected 6.1 per cent to 196,700 units in February, Canada Mortgage and Housing Corp. reported Monday.
What a difference a year makes at PDAC Monday, March 8, 2010 @ 8:28AMExcept that it did happen, and there is no shortage of experts who think it could happen again. But at least next time the industry will be ready. The 2008 meltdown was a good learning experience for ...
TWO VIEWS ON CHILD POVERTY: Richard Lee, BC Liberal MLA, Burnaby North Friday, March 5, 2010 @ 5:10PM“The best welfare is a job”: Lee
TWO VIEWS ON CHILD POVERTY: Richard Lee, BC Liberal MLA, Burnaby North Friday, March 5, 2010 @ 5:05PMothers also read... British Columbia has the dubious distinction of having the highest rate of child poverty in Canada, as well as the lowest minimum wage.
Pletschet: Judge utility stocks on dividend more than share price Friday, March 5, 2010 @ 4:42PMReaders often end a letter with a throw-away question that usually goes something like this: "Do you still like utilities?"They never expand on their query by stating whether they're really worried about utilities and, if so, why.
Wen warns of China bank risks Friday, March 5, 2010 @ 12:08PMBEIJING: Premier Wen Jiabao warned of "latent risk" in China's banks and pledged to crack down on property speculation as the government faces the consequences of flooding the economy with money to drive growth.
Protest Crowds Flood Streets, Shut 880 Friday, March 5, 2010 @ 11:46AMMillions of students, teachers and parents rallied in schools and college campuses across California to protest deep spending cuts to schools and universities.
Still risk in banks, Wen warns Friday, March 5, 2010 @ 10:24AMPremier Wen Jiabao has warned of 'latent risk' in China's banks and pledged to crack down on property speculation as the government faces the consequences of flooding the economy with money.
Wen warns of China bank risks Friday, March 5, 2010 @ 10:14AMBEIJING: Premier Wen Jiabao warned of "latent risk" in China's banks and pledged to crack down on property speculation as the government faces the consequences of flooding the economy with money to drive growth. "The domestic economy still faces some prominent problems," Wen, 67, said in a speech in Beijing to the National People's Congress, similar to the US State of the Union address. He cited ...
Local housing market heating up Wednesday, March 3, 2010 @ 4:39PMHOLLY MIYASAKI Today staff After a year-long dip in real estate prices, things are looking up for the area's residential housing market. The average housing price in Fort McMurray has shot up by over $35,000, according to a report released from the Canada Mortgage and Housing Corporation.[...]
LUB Rollout 2 numbers please planners Wednesday, March 3, 2010 @ 2:29PM"We were pleasantly surprised," Gary Buxton, manager of planning for the Town said of the turnout at the open house for the second rollout of proposed policies in the Land Use Bylaw review process as roughly 30 people turned out for the information session held at the same time Canada played Russia in Olympic men's hockey Wednesday, Feb. 24.
Royal Bank profit up 35 per cent but narrowly misses analyst estimates Wednesday, March 3, 2010 @ 1:49PMTORONTO - Canada's largest bank racked up a $1.5-billion profit in its first-quarter, a 35 per cent gain from the same period a year earlier, but narrowly missed analyst expectations.
Toronto housing market continues to soar Wednesday, March 3, 2010 @ 1:22PMExisting home sales in the Toronto area were up by 77 per cent in February.
Make Tomorrow Your Family's Budget Day Wednesday, March 3, 2010 @ 1:16PMOn the eve of the federal budget, BMO Bank of Montreal is making it easier for Canadians to be their household's Minister of Finance and reduce interest costs with BMO's new five-year fixed rate mortgage.
Business News Wednesday, March 3, 2010 @ 11:57AMDETROIT — Toyota’s pain is its rivals’ gain. Click for more NEW YORK — The stock market had its third straight winning day on signs that companies are becoming more optimistic about the economy.
Gold investor donates $1.4 million to athletes after Team Canada's gold rush Tuesday, March 2, 2010 @ 6:51PMTORONTO - One of Canada's savviest money managers and best known gold bugs is shelling out $1.4 million to make good on a promise to donate $100,000 for each gold medal won by Canada at the Winter Olympics.
Text of B.C. finance minister Colin Hansen's 2010 budget speech Tuesday, March 2, 2010 @ 5:49PMMr. Speaker: Today I present Budget 2010 — the next step forward on the road to renewed prosperity for British Columbians.
B.C. Finance Minister promises turnaround Tuesday, March 2, 2010 @ 5:37PMB.C.'s Finance Minister Colin Hansen says his government wants to capitalize on the momentum of the 2010 Winter Olympics to pull B.C. out of the global economic downturn.
British Columbia sets budget, eyes Olympic costs Tuesday, March 2, 2010 @ 5:36PMBritish Columbia unveiled a 2010-11 budget that includes a C$1.7 billion ($1.64 billion) deficit on Tuesday, and said it is keeping a close eye on whether it will have to cover any unexpected costs from the Vancouver Winter Olympics.
Beating puts Sask newspaper columnist in hospital in critical condition Tuesday, March 2, 2010 @ 5:29PMSASKATOON - The Saskatoon StarPhoenix has identified a man in hospital after a vicious early morning beating as one of its longtime columnists.
Planet Ark Tuesday, March 2, 2010 @ 5:04PMVANCOUVER - Sustainable Energy Technologies Ltd, a solar equipment maker that recently relocated to Toronto from Calgary, may soon land its first large-scale orders in its new home province, the world's newest "go-to" region for solar power.
CIBC acquires minority interest in Bermuda bank with $150 million investment Tuesday, March 2, 2010 @ 4:36PMTORONTO - CIBC (TSX:CM) is investing US$150 million into the recapitalization of the largest independent bank in Bermuda, which will give it a minority interest in the operation.
Volunteers will help homeless connect to services in Bellingham Tuesday, March 2, 2010 @ 4:32PMBELLINGHAM - Hundreds of homeless people will be able to eat a meal, get a haircut, receive dental c
People and Places in the news / March 2010 OE Tuesday, March 2, 2010 @ 4:14PMDr Bob Allwood, newly appointed chief executive of the Society for Underwater Technology (SUT), received the Lifetime Achievement award; Walter Van Der Vijver has been appointed president and CEO of Reliance Exploration & Production DMCC; Smith International has agreed to acquire Netherlands-based managed pressure drilling specialist @Balance from Shell Technology Ventures . . .
WSJ's New York section to launch in April; Murdoch swipes at NY Times Tuesday, March 2, 2010 @ 3:00PMNEW YORK - News Corp. Chairman Rupert Murdoch said Tuesday that The Wall Street Journal will launch its New York metro section in April.
Google still considering next steps in China, following vow to stop censoring search results Tuesday, March 2, 2010 @ 12:35PMWASHINGTON - A Google Inc. executive says the company is still considering its next step in China - seven weeks after it pledged to stop censoring search results and threatened to pull out of the country altogether.
Toronto housing market expected to cool in 2010 Tuesday, March 2, 2010 @ 12:15PMSales of new and existing homes in the Toronto area should fall significantly next year, as the market continues to slow, according to a forecast released today.
Canada Mortgage and Housing Corporation: British Columbia Housing Starts to Increase Tuesday, March 2, 2010 @ 12:07PMVANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2010) - Housing starts will increase in 2010 and 2011, according to the Canada Mortgage and Housing Corporation's (CMHC's) Housing Market Outlook Report published today. Total housing starts 1 in British Columbia will be in the range of 20,200 to 24,500 homes this year, up from 16,077 starts in 2009.
Market Commentary and Intraday News Tuesday, March 2, 2010 @ 11:55AM(AP:TORONTO) Canada's central bank held its key interest rate at a record low 0.25 percent on Tuesday and reaffirmed that it expects it will keep the rate steady until July. But the bank also signaled it is getting closer to raising rates.
House construction to strengthen in 2010, CMHC says Tuesday, March 2, 2010 @ 11:51AMOTTAWA -- A rebound in home construction is set to strengthen this year as the Canadian economy continues to show signs of recovery, according to Canada Mortgage and Housing Corporation. Between ...
Canada Mortgage and Housing Corporation: British Columbia Housing Starts to Increase Tuesday, March 2, 2010 @ 11:49AMVANCOUVER, BRITISH COLUMBIA-- - Housing starts will increase in 2010 and 2011, according to the Canada Mortgage and Housing Corporation's Housing Market Outlook Report published today.
Farming: How do you like them apples? Tuesday, March 2, 2010 @ 11:14AMApple farming in Canada isn't what it used to be — but a team of entrepreneurs is betting it can revolutionize the industry with a new patented variety, the Red Prince.
Rise in housing starts will keep lid on prices in 2010: CMHC Tuesday, March 2, 2010 @ 11:11AMHousing starts will rise in 2010, putting a lid on home prices this year following their 19 per cent surge in 2009, the Canada Mortgage and Housing Corporation said Tuesday.
Forecast: Canadian housing starts to rise Tuesday, March 2, 2010 @ 10:54AMOTTAWA, March 2 (UPI) -- Canada's national housing agency predicted strengthening in new housing starts for 2010 Tuesday and a switch to a seller's market.
CMHC predicts increase in housing starts in 2010 Tuesday, March 2, 2010 @ 10:49AMThe national housing agency says housing starts rebounded in the second half of 2009 and will further strengthen this year. Canada Mortgage and Housing Corporation's first-quarter market outlook predicts 4-thousand-600 housing starts in Manitoba in 2010, up from 4-thousand-174 last year.
Boil Water Advisory on for Parts of Dunbar Monday, March 1, 2010 @ 11:13PMSome West Virginia American Water customers in Dunbar will need to boil their water for at least one minute before using.