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RBC rules out housing crash scenario

Fears of a U.S.-style housing bust in Canada are off the mark as the real estate market is showing signs of stabilizing, according to economists at RBC.
Brady Yauch, BNN.ca
Posted on 5-23-2013 at 3:18 PM

U.S. new home sales rise, prices surge to record highs

Sales of new U.S. single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong proof the sector's rebound trend is intact.
Margaret Chadbourn, Reuters
Posted on 5-23-2013 at 10:12 AM

Low rates help keep home affordability stable: report

Low mortgage rates helped make owning a house largely affordable in the first quarter of 2013 and the risk of a sharp upturn in rates remains low, RBC Economics says in a new report.
Bertrand Marotte, The Globe and Mail
Posted on 5-23-2013 at 9:18 AM

Zoocasa real-estate brokerage reduces commissions

Zoocasa, an online service for home seekers, is aiming to win market share with rebates to buyers and sellers that will refund roughly 15 percent of the commission they pay their real...
Tara Perkins, The Globe & Mail
Posted on 5-22-2013 at 2:20 PM

Nearly half of homeowners eager to buy property

Undeterred by record-high housing prices and bolstered by low borrowing costs, nearly half of Canadian homeowners plan to buy a property in the next five years, although intentions vary...
Roma Luciw, The Globe and Mail
Posted on 5-22-2013 at 7:25 AM

Daniel Stecich, Senior Vice-President, TJM Institutional Services

Target cuts outlook, posts weak quarter

Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal...
Jessica Wohl , Reuters
Posted on 5-22-2013 at 8:07 AM

Will Dunning, Chief Economist, the Canadian Association of Accredited Mortgage Professionals

Ottawa’s mortgage rules to hurt economy: Report

Ottawa's last attempt to apply the brakes to the country's booming real estate market will have a dramatic negative impact in the coming years, according to a report from the Canadian...
Brady Yauch, BNN.ca
Posted on 5-22-2013 at 11:33 AM

Patrick Newport, U.S. Economists, IHS Global Insight.

U.S. existing home sales highest in almost 3-1/2 years

U.S. home resales rose in April to the highest level in nearly 3-1/2 years, which should support the housing sector and the overall economic recovery.
Lucia Mutikani, Reuters
Posted on 5-22-2013 at 10:55 AM