TORONTO = Forecasts for a “modest correction” in Greater Vancouver’s real estate market are unlikely to be echoed here in Ontario’s capital, according to a new report from TD Economics. Released on August 30 and authored by economists Derek Burleton and Diana Petramala, the latest edition of the Regional Housing Report reports “little slackening” seen […]
Mortgage Primes Lowered as Bank of Canada Trims Overnight Rate
TORONTO – Mortgage-seeking Canadians caught a bit of a break on July 15, as the Bank of Canada announced it was lowering its overnight rate target by ¼ of a percentage point, to 0.5 per cent. The first of Canada’s major banks to follow suit was TD, who initially reduced their prime rate to 2.75 […]
Market Update: CREA Reports Hottest Spring Market in Years
New home sales help fuel strong rebound after long winter GREATER TORONTO – After one of the longest and coldest Canadian winters in recent memory, low interest rates and plenty of home-building activity have inspired a red-hot sales surge for Canadian real estate – one that has economists boosting their forecasts for the country’s housing […]