Basix Hedge News - Mortgages & Real Estate


BoC chief Stephen Poloz says Canadian housing market not a bubble, predicts soft landing

Bank of Canada Governor says Canada’s housing market is not likely to suffer a sudden and sharp correction in prices unless there is another major...

Canadian home sales drop most in a year as chances of rate hike fade

Market sees its first decline in 7 months as Bank of Canada takes pressure off buyers, realtors say

Cash floods into property as investors seek alternative or safety

5 years after the global financial crisis sparked by a burst U.S. housing market bubble, real estate is booming again and even considered a safe-haven...

CMHC cuts 2014 housing starts forecast, signalling slowing market

Canada’s federal housing agency has bumped up its forecast for housing starts in 2013 but trimmed its forecast for 2014, setting an essentially flat outlook...

Don’t look now Mr. Flaherty — here’s another shot in the arm for real estate

A London-based group is now predicting construction output, led by housing, is set to grow by about 4% over the next year, despite the fact...

Why no rate hike means variable mortgages are safe again

The Bank of Canada's neutral stance on interest rates could add fuel to the country's recovering housing market, and possibly force Ottawa but to tighten...

Canada’s housing market begins to apply the brakes

October sales could be the real test for the market as pre-approved mortgages, at rates long since gone from the marketplace but held in place...

New home prices rise less than expected; Ottawa sees first drop since 1998

Canada’s new home price index rose 0.1% on gains in Calgary, trailing economists' forecasts

Toronto home sales soar, prices continue climb

Existing homes sales in the Greater Toronto Area rose 30% in September from a year ago and a strong third quarter has the market about...

George Soros, Goldman Sachs poised to win big on a 2009 bet most investors would not have touched with a 10-foot pole

Who bets on mortgage insurers at the height of the housing crisis? These guys — and that's why they make the big bucks

Housing prices being propped up by low interest rates

Low borrowing costs and balanced market conditions have brought buyers to the Canadian housing market, although slowing job growth and a recent jump in mortgage...

Canadians’ homes are getting less affordable, but we still keep buying

Home ownership has become less affordable for the average Canadian, but that hasn’t stopped many from jumping into what may already be an overpriced market,...

Wealthy Chinese snap up homes in Southern Europe as governments offer visas for buying

Southern Europe’s cash-strapped governments are courting wealthy Chinese homebuyers, seeking to bolster their battered real estate markets by offering visas to those who purchase prime...

No more tightening needed after measures averted housing bubble: Flaherty

Finance Minister Jim Flaherty said he isn’t planning new measures to restrain the country’s housing market because his past four rounds of action have already...

Housing bubbles bloom again in Las Vegas, Phoenix

Bubbles are inflating in Nevada and Arizona even as housing in the rest of the country recovers at a more sustainable pace, with one house...

Re/Max brokerage files for IPO as U.S. housing shares rally

Re/Max Holdings Inc., a franchiser of real estate brokerages, filed for a U.S. initial public offering as the nation’s property market rebounds and shares of...

Real estate: Five signs that you are in over your head

The question you must ask yourself is 'should I admit that it is not going to work?' Here are five clues that you have more...

Strong home sales in Vancouver, Toronto suggest market stabilizing

Homes were selling at a brisk pace in Vancouver and Toronto last month, while the national average price continued to rise, suggesting Canada’s real estate...

Canadian housing starts relatively stable in July, CMHC reports

The federal agency estimates there were 17,993 actual starts in July which, extrapolated over 12 months, gives a seasonally adjusted annual rate of 192,853 starts...

Ottawa’s latest housing crackdown has some wondering — why now?

Analysis: The latest tightening of mortgage rules might come down to a couple of thousand dollars for the average Canadian consumer but that still has...