By Josh Sherman To get an idea of what’s in store for the Canadian housing market in the coming year, you might want to look back over the past 12 months. “On a regional basis, it’s probably pretty similar to what we’ve seen through most of this year,” says Robert Kavcic, a senior economist at BMO, of his housing market...[ read more ]
By Josh Sherman The Canadian housing market has overcome a plunge in oil prices and a wave of new condo units flooding some regional pockets, and according to RBC’s quarterly economic update and provincial outlooks released today, it will continue to rally for the rest of this year. RBC is forecasting that national home resales will increase 5 per cent...[ read more ]
By Josh Sherman As the third quarter marches on, BuzzBuzzHome News spoke with economists from some of Canada’s biggest banks about what to watch for in the nation’s housing market over the next several months leading up to 2016. Here’s what they said. Stock market volatility Weaker stock exchanges in general could slow the Canadian housing market, says Randall Bartlett,...[ read more ]
CBC - By Lucas Powers Metro Vancouver took a novel crack at the problem last week with a plebiscite on a five cent sales tax hike that would have covered the region's $7.5-billion share in a massive 10-year transit strategy. Voters resoundingly rejected the plan, with nearly 62 per cent of the 759,696 ballots cast for the 'No' side....[ read more ]
