Economic forecast upgraded
But residential land investment is becoming cautious
A poll of 40 economists by Reuters revealed that the financial experts are not forecasting any rise in interest rates until 2017.
All housing types in the Greater Toronto Area saw an increase in August, according to new figures from the Toronto Real Estate Board.
While official figures show a technical recession for the first half of 2015, it seems Canadians were not put off from borrowing.
There was a 6.6% increase in sales through the Ottawa Real Estate Board MLS in August compared to the same period in 2014.
Sales of homes in Greater Vancouver were up by 21.3% in July compared to a year earlier but down 15.5% from June
Canada’s largest mortgage institution has announced a record number of originations in July
The weekly Canadian Confidence Index from Bloomberg and Nanos Research shows that sentiment is still at a near one-year low and real estate is weighing heavily on Canadians’ minds
Recent figures from the Calgary Real Estate Association show that the condo market is not holding up as well as some other housing types in the area
Home sales in Calgary dropped 27% in August from a year earlier
Figures from Statistics Canada revealed Tuesday that Canada was in a technical recession in the first half of the year as the economy declined in both quarters
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