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November 2011 National Archive

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Mortgage News & Press Releases - November 2011

  • CREA Welcomes Decision of Competition Tribunal
    OTTAWA, Ontario, November 03, 2011 — Ottawa, ON, November 3, 2011 – The President of the Canadian Real Estate Association (CREA), Gary Morse, today welcomed the decision of the Competition Tribunal to grant CREA leave to intervene in the proceedings the Commissioner of Competition has brought against the Toronto Real Estate Board (TREB). “We are pleased that the Tribunal is …
  • GTA REALTORS® Release Resale Market Figures
    TORONTO, Ontario, November 03, 2011 — Greater Toronto REALTORS® reported 7,642 home sales through the TorontoMLS® in October 2011. This represented an increase of 17.5 per cent compared to the 6,504 transactions reported in October 2010. Monthly sales data follow a recurring seasonal trend that should be removed before comparing monthly results within the same year. After …
  • Canadian Housing Market to Stabilize
    OTTAWA, Ontario, November 04, 2011 — Housing starts are forecast to stabilize into 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook, Canada Edition 1 . “Despite continued uncertainty in the global economy, Canada’s economic fundamentals remain positive, particularly with respect to interest rates, employment and …
  • Housing evolution driving average price appreciation in Canada's major centres
    MISSISSAUGA, Ontario, November 07, 2011 — Billions spent in new construction, renovation, and infill over the past decade have contributed to a serious upswing in the calibre of Canada’s housing stock, propping up residential average price in the country’s major centres, according to a report released today by RE/MAX. Since 2000, the value of a Canadian home has doubled, …
  • October 2011 Housing Starts
    OTTAWA, Ontario, November 08, 2011 — The seasonally adjusted annual rate 1 of housing starts was 207,600 units in October, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 208,800 units in September 2011. “Housing starts posted a slight decline in October due to a decrease in single-detached starts in urban centres,” said Mathieu Laberge, Deputy …
  • Bank of Canada Releases Background Information on Renewal of the ...
    OTTAWA, Ontario, November 09, 2011 — The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which summarizes the key elements of Canada's inflation-targeting framework. The document describes Canada's 20-year experience with inflation targeting, provides a detailed explanation of the Bank’s flexible approach to inflation …
  • Canadian home sales edge higher in October
    OTTAWA, Ontario, November 15, 2011 — OTTAWA – November 15, 2011 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity picked up a little further in October 2011 following the uptick in September. Highlights:
  • Estate Planning: The Power Behind a Power of Attorney
    TORONTO, Ontario, November 22, 2011 — The importance of having a will is widely understood, but fewer people realize the value of a power of attorney. A power of attorney is a legal document that gives someone else the right to act on your behalf. It is an important tool for estate planning because it can be used to provide personal or financial protection in the event that a person …
  • Importance of affordable housing solutions recognized on National Housing Day
    TORONTO, Ontario, November 22, 2011 — Greater Toronto REALTORS®, Canada Mortgage and Housing Corporation (CMHC), Habitat for Humanity Toronto and the City of Toronto’s Affordable Housing Office are encouraging Canadians to join in the discussion about the importance of affordable housing in our communities this National Housing Day, November 22nd. P“Quality affordable …
  • Minister of Finance Highlights Canada’s Economic, Fiscal and Financial ...
    OTTAWA, Ontario, November 30, 2011 — The Honourable Jim Flaherty, Minister of Finance, today told senior American and Canadian business leaders that Canada’s strong economic fundamentals, sound fiscal management and well-supervised financial sector support increasing business investment in Canada. Speaking at a conference in New York sponsored by the Toronto Financial Services …


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