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February 2011 National Archive

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Mortgage News & Press Releases - February 2011

  • Harper Government’s Economic Projections on Track
    OTTAWA, Ontario, February 01, 2011 — The Honourable Jim Flaherty, Minister of Finance, today met with Canada’s leading private sector economists to gather their views on economic prospects for the country. The economists confirmed the Government’s economic planning assumptions remain on track. “Our top priority continues to be the economy,” said Minister …
  • GTA REALTORS® Report Monthly Resale Housing Market Figures
    TORONTO, Ontario, February 04, 2011 — Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010. “While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding …
  • January 2011 Housing Starts
    OTTAWA, Ontario, February 08, 2011 — The seasonally adjusted annual rate 1 of housing starts was 170,400 units in January, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 169,000 units in December 2010. According to final figures, actual housing starts for 2010 totalled 189,930 units, with activity moderating towards demographic fundamentals by the final …
  • 'Wild card' props up Canadian housing markets over past decade, says RE/MAX
    KELOWNA, British Columbia, February 08, 2011 — Tighter inventory levels helped to make the last decade one of the healthiest periods on record for Canadian real estate, insulating markets in major centres from the peaks and valleys characteristic of past decades, according to a report released today by RE/MAX. The RE/MAX Housing Barometer Report measured monthly sales-to-new listings …
  • Harper Government Welcomes Task Force Report on Financial Literacy
    OTTAWA, Ontario, February 09, 2011 — The Honourable Jim Flaherty, Minister of Finance, and the Honourable Denis Lebel, Minister of State (Economic Development Agency of Canada for the Regions of Quebec), today welcomed the final report of the Task Force on Financial Literacy. The report, entitled Canadians and Their Money, makes recommendations for a cohesive national strategy to support …
  • New Index Identifies Provincial Households Most Vulnerable to Economic Risks
    TORONTO, Ontario, February 09, 2011 — The first index to rank the financial vulnerability of households by province was published today by TD Economics. British Columbia, Alberta, Ontario and Saskatchewan households were found to be at greatest risk to negative economic events such as a substantial correction in housing prices, a major disruption in incomes or an unexpected large …
  • Housing Activity to Move in Line with Demographic Fundamentals in 2011
    OTTAWA, Ontario, February 17, 2011 — After trending lower in the second half of 2010, housing starts are forecast to stabilize at levels consistent with demographic fundamentals in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) first quarter Housing Market Outlook, Canada Edition . 1 Housing starts will be in the range of 157,300 to 192,900 units in …
  • GTA REALTORS® Report Mid-Month Resale Housing Market Figures
    TORONTO, Ontario, February 17, 2011 — Greater Toronto REALTORS® reported 3,084 sales during the first two weeks of February 2011 – a 13 per cent decrease compared to the first two weeks of February 2010. "We are on pace for a strong sales result in February, but transactions will come in lower than the record result reported last February. Sales remain strong because the GTA …
  • Meeting of Finance Ministers and Central Bank Governors
    OTTAWA, Ontario, February 19, 2011 — 1. We, the G20 Finance Ministers and Central Bank Governors, met today to address ongoing economic and financial challenges and to agree on a way forward to fulfill the mandates given to us by our Leaders. 2. The global recovery is strengthening but is still uneven and downside risks remain. While most advanced economies are seeing modest growth and …
  • BMO Mortgage Survey: Are Canadians Stress-Tested Against Rising Interest Rates?
    TORONTO, Ontario, February 23, 2011 — Total housing expenses should not consume more than one third of total household income,” says Katie Archdekin, Head of Mortgage Products, BMO Bank of Montreal. “However, it is still important to be prudent and stress-test your mortgage against a higher interest rate to ensure you can afford what you signed up for.” On a cautionary …
  • Canadian homeownership costs ease for second consecutive quarter
    TORONTO, Ontario, February 24, 2011 — Canada's housing affordability continued to improve in the fourth quarter of 2010, thanks in part to slight decreases in five-year fixed mortgage rates and minimal home price appreciation across the country, according to the latest Housing Trends and Affordability report released today by RBC Economics Research. "Some of the stress that had been …

 

 
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