The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Before It’s Too Late! Best Credit Card Welcome Offers of October 2019 Oct 2nd
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CMHC Q1 Report Calls for Housing Market Slowdown
– ratesupermarket.ca
At the beginning of February, the Canada Mortgage and Housing Corporation released its first-quarter Housing Market Outlook report. The Crown agency’s updated national forecast predicts a stable to slightly declining housing market for this year and into 2016, a finding that’s echoed by economists at the country’s big banks.
Government Accountability
The CMHC looks at two factors when developing its outlook: the total number and sale price of resale homes, and the tally of “housing starts” (i.e. the number of new homes being constructed).
Based on Multiple Listing Service (MLS) stats, the total number of existing home sales will be stable for 2015 and 2016, with somewhere between 150,000 and 200,000 homes exchanging hands across the country. While the CMHC suggests there is “a modest amount of overvaluation at the national level,” overall, the price those homes sell for is expected to rise very modestly, by about 1.5 per cent, to a national average in the range of $384,000 to $428,000 in 2015…
CMHC Q1 Report Calls for Housing Market Slowdown
– ratesupermarket.ca
At the beginning of February, the Canada Mortgage and Housing Corporation released its first-quarter Housing Market Outlook report. The Crown agency’s updated national forecast predicts a stable to slightly declining housing market for this year and into 2016, a finding that’s echoed by economists at the country’s big banks.
Government Accountability
The CMHC looks at two factors when developing its outlook: the total number and sale price of resale homes, and the tally of “housing starts” (i.e. the number of new homes being constructed).
Based on Multiple Listing Service (MLS) stats, the total number of existing home sales will be stable for 2015 and 2016, with somewhere between 150,000 and 200,000 homes exchanging hands across the country. While the CMHC suggests there is “a modest amount of overvaluation at the national level,” overall, the price those homes sell for is expected to rise very modestly, by about 1.5 per cent, to a national average in the range of $384,000 to $428,000 in 2015…
