Canadian home sales defy expectations The full national picture for February won’t be available until the Canadian Real Estate Board releases data later this month, but Bank of Montreal economist Sal Guatieri suggested in a research note that he thinks February’s market shows some momentum. Sales of existing homes in the Greater Toronto Area nudged […]
Can mortgage rate suppresses the Realty Dragon ?
Banks show restraint on mortgage rates one year after Flaherty’s warning However, other prognosticators, such as bond giant Pimco, expect mortgage rates to rise this year. Ed Devlin, head of Pimco’s Canadian portfolio management, said in an interview Monday that he expects to see house prices … The Globe and Mail I am a little skeptical […]
US Real Estate Flying
US home sales bigger and healthier Home sales in the United States increased 6% year-on-year, with the trend continuing towards “healthy sales”. New data from CoreLogic showed that annual home sales to November 2013 reached 4.6million – the 23rd consecutive month of year-on-year increases. Distressed sales made up 16.2% of total sales in November 2013, […]