With sales up in February, the Canadian housing market remains stable and balanced.
Archive for the ‘Housing Market News’ Category
With the release of the 2012 provincial budget released on Tuesday, February 21st, a new tax break for first-time purchasers of new homes will aid in fueling the home construction industry and create new employment.
The Canadian Real Estate Association has reported beginning of this week that existing home sales in Vancouver decreased last month and the average price had a slight drop.
Check out the latest ‘BEST RATES’ from our RBC Mortgage Specialist, Lorriane Gingras…
According to the 2012 report released by B.C. Assessment, the province’s total real estate value has increased to $964 billion – rising by 6.54 per cent.
In its annual report, B.C Assessment has stated that total real estate value within the province has risen 6 % over the course of 2011, but with both cities that fared well and poorly.
Real estate in Canada will vary as the housing market in 2012 is expected to have bursts of growth in some regions with a cooling trend in others.