CMHC’s current Housing Market Assessment shows improving conditions in Winnipeg and Saskatoon, while Canada’s overall rating remains highly vulnerable.
Background on the assessment:
The Housing Market Assessment (HMA) compared the vulnerability of census metropolitan area (CMA) housing markets using data from the third quarter of 2017. Results are not incidental by housing type or neighbourhood. Rather, they show an assessment of the entire CMA.
The HMA assesses 4 factors that impacts housing markets:
overheating of demand (when sales notably outdo new listings)
price acceleration, which may partly reflect assumed activity
overvaluation (when house prices are not fully backed by fundamental drivers such
As we always try to keep you up to date on the Economy and the factors that affect the real estate market, we want to make you aware that the Bank of Canada today increased its target for the overnight rate to11/4per cent. The Bank Rate is correspondingly 11/2per cent and the deposit rate is 1 per cent.
According to the annoucement from the Bank of Canada, recent data have been strong, inflation is close to target, and the economy is operating roughly at capacity. However, uncertainty surrounding the future of the North American Free Trade Agreement (NAFTA) is clouding the economic outlook.The global economy continues to strengthen, with growth expected to average 3 1/2 per cent over the projection horizon. Growth in advanced economies is…
If you have decided to sell your Edmonton house, then 2018 is the right year for you!! Selling your home is a completely different process from the experience you had as a first-time Edmonton home buyer. In this environment, you are in control of the selling process - as long as you have some idea of what you are doing.
You might have the confidence to sell but don’t make any sudden rash decisions without first looking at these tips to assist you with your Edmonton property.
Look for an Edmonton Real Estate Agent
On the seller’s side of the transaction, there is a lot of prep and paperwork to be done. While a first-time Edmonton home seller may be overwhelmed by the market, for an Edmonton real estate agent this is just business as
In the world today, you can invest in almost everything which life has to offer. But if you are looking to invest in the future, then Edmonton real estate is one of the best investments you can make! You can enjoy excellent rate of returns, incredible tax advantages and build your wealth.
Here are the top reasons why you should invest in Edmonton real estate.
Provides Better Returns
With Edmonton real estate, you have more control over your investment. Other markets give numerous factors beyond your control that can negatively shock your investments. Your Edmonton property is a definite asset that you can use to capitalize on with numerous revenue streams while enjoying capital appreciation.
With domestic growth fueling inflation, Scotiabank predicts the Bank of Canada will increase rates three times this year
Canadian gross domestic product growth is forecast to slow to 2.3% in 2018, but will remain well above potential, adding to inflation pressures and requiring further tightening by the Bank of Canada, suggests a report published Friday by Bank of Nova Scotia.
In its Global Outlook report, the bank predicts three interest rate hikes in 2018, and expects the first increase to come on Jan. 17, with the others projected for May and October.
Similarly, the bank expects the U.S. Federal Reserve to boost rates by 75 basis points in 2018, although the Fed's first move likely won't be until March.