By: The Canadian Press The pace of housing starts in Canada picked up in April as they rose more than 20 per cent compared with March, fuelled by the start of work on new multi-unit projects such as condominiums, apartments and townhouses. Canada Mortgage and Housing Corp. said Wednesday the seasonally adjusted annual rate of housing starts increased to 235,460 … Read More
Ontario price variances illustrate the Fair Housing Plan’s impact
by Ephraim Vecina Two years since the Fair Housing Plan was introduced, home prices in markets throughout Ontario have seen significant ups and downs, according to a new Zoocasa analysis. The Plan – implemented by the provincial government in April 2017 as a response to speculator-impelled price growth – introduced a raft of regulations that have had a marked impact on … Read More
Canadian home sales rebound from 7-year low, but prices still flat
CBC News After plunging to their lowest level since 2012, sales of Canadian homes have inched higher for the past two months and are now about four per cent higher than they were a year ago. The Canadian Real Estate Association said Wednesday that that home sales last month rose on an annual basis for the first time since December … Read More
First Ever online 50/50 Draw in Ontario Set to Benefit the Urology Program at Chatham-Kent Health Alliance!
Link here! Proceeds from the “Igniting Healthcare 50/50 FUNdraiser” will support the purchase of a new holmium laser, a key piece of equipment for the planned Urology Program at Chatham-Kent Health Alliance. In addition to being essential in urology for the treatment of such ailments as tumors, BPH (a benign, non-cancerous enlargement of the prostate) and for breaking down kidney … Read More
BoC announces initiative to take a closer look at HELOCs
by Ephraim Vecina As part of its drive to closely scrutinize threats to the national financial system, the Bank of Canada has announced that it will begin collecting more detailed data on HELOCs this month. This is especially important as HELOCs have emerged as a powerful and versatile solution amid a regulatory regime governed by the considerably rigid strictures of B-20. … Read More