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April 2011 National Archive

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Mortgage News & Press Releases - April 2011

  • First-time buyers in major Canadian markets move to get in ahead of higher ...
    MISSISSAUGA, Ontario, April 05, 2011 — Driven by the threat of higher interest rates down the road, first-time buyers are contributing to strong upward momentum in residential housing markets across the country, according to a report released today by RE/MAX. The RE/MAX First-Time Buyers Report, highlighting trends and developments in nineteen major Canadian centres, found that low …
  • GTA REALTORS® Report Monthly Resale Housing Figures
    TORONTO, Ontario, April 05, 2011 — Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010. “The strong home sales reported in March and throughout the first quarter of 2011 have been …
  • Canadians may be missing out on home ownership tax savings
    TORONTO, Ontario, April 07, 2011 — Canadian homeowners can find a number of ways to use their home to reduce their tax bill this year and into the future says CIBC's tax and estate planning expert, Jamie Golombek. In the first of a series of tax tips this month, Mr. Golombek looks at how Canadians can take advantage of often overlooked available credits, deductions and exemptions on …
  • Housing Hold'em: RBC Poll finds over half of younger Canadians plan to buy ...
    TORONTO, Ontario, April 07, 2011 — Over half of young Canadians (55 per cent) believe that it makes sense to delay a home purchase until next year, 10 points higher than the national average, and almost half (46 per cent) of younger homeowners admit that their mortgage is using up too much of their income, according to the 18th Annual RBC Homeownership Study. "In a more balanced housing …
  • March 2011 Housing Starts
    OTTAWA, Ontario, April 08, 2011 — The seasonally adjusted annual rate 1 of housing starts was 188,800 units in March, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 183,700 units in February 2011. “Housing starts moved higher in March mostly because of increases in rural starts,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis …
  • High Gasoline Prices Could Cost Canadians an Extra $12 Billion in 2011: CIBC
    TORONTO, Ontario, April 11, 2011 — If sustained, the near 25 per cent hike in gasoline prices since late 2010 will cost Canadian households an extra $12 billion at the pumps in 2011, finds a new report from CIBC World Markets Inc. In his latest Consumer Watch Canada report, Benjamin Tal, Deputy Chief Economist at CIBC, notes that as of 2010, total spending on energy by Canadian …
  • Bank of Canada maintains overnight rate target at 1 per cent
    OTTAWA, Ontario, April 12, 2011 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. As anticipated in the January Monetary Policy Report (MPR), the global economic recovery is becoming more firmly entrenched and is expected to continue at a …
  • Rate of Home Price Appreciation Stabilizes after Post-Recession Recovery
    TORONTO, Ontario, April 12, 2011 — The Royal LePage House Price Survey released today showed the average price of a home in Canada increased between 3.5 and 4.3 per cent in the first quarter of 2011, compared to the previous year, as markets continued their post-recession recovery. While the rate of year-over-year price appreciation slowed slightly in the first quarter, home values …
  • BMO Survey Shows 90 Percent of Canadian House Hunters Value Affordability and ...
    TORONTO, Ontario, April 13, 2011 — As the busiest season for the housing market gets underway, a new survey from BMO Bank of Montreal shows that the price of a home and where it's located is much more important for homebuyers than future sale price. The survey, conducted by Leger Marketing, shows that the majority of Canadians planning to buy a home in the next two years value the price …
  • National home sales hold steady in March
    OTTAWA, Ontario, April 15, 2011 — According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity held steady in March 2011 compared to February. Seasonally adjusted national home sales activity in March came in one tenth of a percentage point above levels for the previous month, with stable demand in most large urban centres. …
  • GTA REALTORS® Release Mid-Month Resale Housing Figures
    TORONTO, Ontario, April 18, 2011 — Greater Toronto REALTORS® reported 4,444 sales during the first two weeks of April 2011 – a three per cent decrease compared to the first two weeks of April 2010. The number of new listings was down by 21 per cent compared to the same period last year. “Sales activity was quite strong during the first two weeks of April. If this level …

 

 
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Below is a tally of our most popular mortgage product inquiries made using our secure online application for Internet users in the province of Yukon Territories.

Mortgage Type Inquiries
Qualification29.26%
Purchase27.04%
First-time Buyer14.07%
No Money Down11.11%
Renewal6.30%
Refinance3.70%
Pre-approval2.22%
Commercial2.22%
Equity Mortgage1.48%
Other2.59%
Last Tally: Apr 10 at 04:15:07
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