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Mortgage Market Update for the Week of September 28, 2012  

Top mortgage stories of the week:

  • Real estate adapting to changing demographics
  • New mortgage rules cooling home sales Canada-wide: report
  • Real estate: today’s bidding wars are for farmland

This Week's Quotation:

“ All our dreams can come true – if we have the courage to pursue them. ” - Walt Disney

Real estate adapting to changing demographics

CTV News
Sep 21, 2012

According to the latest census, the average Canadian family is shrinking. More adults are living on their own, parents are having fewer children, more families are being headed by single parents, and more couples are choosing not to have children at all. How will all this affect housing in Canada?... Read more....

New mortgage rules cooling home sales Canada-wide: report

CTV News
Sep 24, 2012

Canada's housing market appears to be cooling across the board in the face of tighter mortgage rules that affect many first-time buyers of modest means, a new analysis from the Conference Board shows. The think-tank's snapshot of resales for August shows a widespread decline in sales of existing homes, with 21 of 28 metropolitan markets registering a drop from July, and 16 of the markets showing a fall off of five per cent or more… Read more....

Real estate: today’s bidding wars are for farmland

MacLean's - Tamsin McMahon
Sep 25, 2012

The hottest real estate investments aren't in big cities. Today's bidding wars are in the breadbasket, Much like the frenzy that has swept Canada's urban housing market, real estate prices are soaring in the hinterlands. Prices of farmland have shot up as much as 25 per cent across Canada this year… Read more....


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