Canadian Real Estate News Round up

August 9, 2013 · Filed Under Real Estate Articles 

Here is a round up of interesting real estate articles I stumbled upon this week.  Some great reads if you follow the Canadian Real Estate Market and the latest mortgage changes.

Rob Carrick wrote a great article listing five strategies for those worried about the housing market?

Being at all time lows the past few years, it was only a matter of time before the interest rates increased.  Canada Mortgage and Housing Corp. is limiting guarantees it offers banks and other lenders on mortgage-backed securities – CMHC moves to take steam out of housing market. 

Housing starts were trending at 1,543 units in July compared to 1,531 in June according to CMHC.  Read the full press release – July 2013 Housing Starts for the St. John’s real estate market

First-time buyers likely to feel impact of new CMHC restrictions as housing market starts to surge again – New CMHC restrictions could impact mortgage rates

Curious to see how the Canadian mortgage rates moved over the past 23 years? Check out this chart of the slow decline in mortgage rates since 1990.

Here is a great article from ratehub.ca – What does CMHC’s latest announcement mean for Canadians?

Statistics Canada says its new housing price index rose 0.2% in June, following a pattern of similar gains over the past 15 months. – Prices of new Canadian homes continue to march higher

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