News Archive

18 Jun 2013

May Witnessed Rise in Canadian Home Sales

The Canadian Real Estate Association’s (CREA) latest report shows that home sales throughout Canada saw a rise in the month of May. The MLS system, which handles the most listings throughout the nation, reported a 3.6% rise
8 Jun 2013

Analyst fears Canada housing crash will drag economy down

Speaking to the audience at the World MoneyShow held in Vancouver, prominent analyst and strategist Ben Rabidoux (currently working with U.S. research firm Hanson Advisors) claimed that the slump in Canada’s housing market could very well drag
8 Jun 2013

Number of prospective Canadian homeowners drops by a record 12 per cent

According to an annual survey by the Royal Bank of Canada, the number of people willing to buy houses in the next two years has gone down despite confidence in real estate remaining strong. The survey, which
8 Jun 2013

Bank of Canada maintains overnight lending rate at 1 per cent

In December last year, the Bank of Canada had decided to maintain its target for overnight lending rate at 1 per cent, and the bank stuck with its economic assessment when it announced on May 29, 2013,