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The Government of Canada and the Province of New Brunswick officially opened an affordable housing project in Baker Brook? |
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Canadian real estate sales break $10 billion mark
Published : June 09, 2008 | Author : mortgagegenie | Views : 18667 | Unrated |
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 New records for Canada's resale housing activity via the Multiple Listing Service were set in May 2005, according to statistics released by The Canadian Real Estate Association. Both seasonally adjusted and unadjusted dollar volume surpassed the $10 billion mark in May ($10.029 billion) – the highest level for any month on record and the first time seasonally adjusted dollar volume has entered double-digit territory...
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GTA home prices edge higher, board reports
Published : June 09, 2008 | Author : mortgagegenie | Views : 11885 | Rating :   |
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| The average home price in the Greater Toronto Area has jumped $1,582 in the last month alone, according to the Toronto Real Estate Board.
The average home price in mid-April was $337,279, up from $335,697 in mid-March, according to TREB, which tracks resale activity in the Greater Toronto Area...
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GST rebates for new homes unfairly skewed
Published : June 09, 2008 | Author : mortgagegenie | Views : 10565 | Rating : |
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| Rebate thresholds haven't kept up with house prices
GTA homeowners are unduly penalized
I congratulate fellow columnist Bob Aaron for highlighting a very important consumer issue in one of his recent columns.
In his Jan. 1 column, Aaron stated "... the GST new-housing rebate currently ends when a house is priced over $450,000. I would increase that limit to $600,000 or $700,000, in keeping with escalating costs."...
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Condo sales forecast to jump 10 per cent
Published : June 09, 2008 | Author : mortgagegenie | Views : 6530 | Unrated |
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| 13,000 highrise units expected to be sold in GTA
But housing starts in the region likely to drop
Housing economist Will Dunning has hiked his forecast for condo sales in the Greater Toronto Area by more than 10 per cent for the year...
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CMHC changes some rules to help new homebuyers
Published : June 09, 2008 | Author : mortgagegenie | Views : 3760 | Unrated |
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| If you're self-employed and trying to get a home mortgage, Canada Mortgage and Housing Corp. will soon make your life easier.
The federal agency, which insures high-ratio mortgages for buyers with down payments of less than 25 per cent of the house purchase price, has announced changes to its mortgage insurance program, effective Jan. 14...
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Read full article |
GST rebates for new homes unfairly skewed
Published : June 09, 2008 | Author : mortgagegenie | Views : 3506 | Rating : |
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| GTA homeowners are unduly penalized
I congratulate fellow columnist Bob Aaron for highlighting a very important consumer issue in one of his recent columns.
In his Jan. 1 column, Aaron stated "... the GST new-housing rebate currently ends when a house is priced over $450,000. I would increase that limit to $600,000 or $700,000, in keeping with escalating costs."...
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Read full article |
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