Canadian Government still looking at shorter mortgage amortizations on real estate purchases, but no indication of decision yet So much talk, so little action. Typical of a government, so I probably shouldnt be surprised On December 22 I wrote Flaherty comments further on Canadian Real Estate and Mortgages and on Janaury 13 I reported in [...]
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Flaherty talks more about Canadian Real Estate & Mortgage Markets
Yesterday we looked at reports from Ottawa that Finance Minister Jim Flaherty was looking at tightening up mortgage regulations, specifically increasing the minimum down payments and reducing the maximum amortization periods (currently 5% and 35 years). This morning Bloomberg has more from Flaherty (but still no specific proposals): Flaherty, in an interview today, said recent [...]
High Volume and Sales Prices seen in Kitchener Waterloo
Some interesting reports about the national real estate market in Canada Via Learning from Canada by Richard Florida I read this report by the Cleveland Fed: Despite their many points of similarity, housing markets in the United States and Canada have fared quite differently since the onset of the financial crisis. Unlike the U.S., Canada [...]
