604homesblog

Straight from my Daily Economic Update from RBC (I wish they would quote the source of the stats. Maybe it is RBC itself.): The new housing price index was flat in April with the annual pace of increase slowing to 5.2% down from 6.1% in March. The house-only component fell 0.1% in April and the land component posted a 0.2% increase. On a ...

Quite the splashy title for the old RBC. As has been widely reported the Canadian market generally has cooled although it is cooler in some parts of the country (Calgary and Edmonton) than in others. The reports starts out talking about how the slow down of the real estate market was delayed by the  ... recent mortgage innovation that ...

I was away for Spring Break last week. Got back on Tuesday but have been busy catching up the last couple of days. Now its time to get you, and me, up to speed on the latest real estate news. The trend seems to be towards analysis of the future of the market and whether or not the boom is over. The Globe and Mail's Report on Business ...

This one is straight from the daily RBC Economic Update by RBC Economist Rishi Sondhi that is subscribe too. You too can subscribe to these as well as many other reports from the RBC Ecomonics team. They are useful for keeping an eye on the Canadian economy as well that of our American neighbours (or would that be ...

Carole Taylor, wearing her new, greener shoes, released the budget yesterday in Victoria. The big news has been about the carbon tax that was introduced, but for first time homebuyers driving around in their cars looking for their first home the big news was that the budget also increased the threshold for the the First Time Homebuyers Program ...