The housing market in Canada has been stronger in the second half of 2009 than was widely anticipated. That has been particularly true for residential resales.
The first quarter of 2009 was nearly disastrous for the existing home market, but all of that turned around in late spring and early summer. Record low mortgage rates have done the trick.
Potential homebuyers know that they are not likely to ever see interest rates this low again.
As for new home construction, it is worth remembering that an existing home sale is often a prelude to a new home purchase.
There have been other factors that have contributed to recent resale strength as well.
The home renovation tax credit extending through February of next year is an incentive to spruce up one’s property and then, perhaps, put it on the market.
Also, Canadian labour markets have held up better than in the U.S.
The service sector in particular has experienced little in the way of job losses.
Whether your are moving one item or a whole apartment, loading or unloading a truck call Vincent at A Man With a Cube Van at this number 917 257-2761 for a free quote or e-mail us a list of what you are moving.
We give hourly & flat rates depending on what kind of move you have and our rates are one of the lowest in the NYC, New Jersey and Connecticut area.
We are 100% reliable and your satisfaction is guaranteed! Last minute & night moves are Ok. No hidden fees here !
 |
 |
| Free Sofa & Mattress Covers Free Insurance Free Blanket Wrap Free Dollys & Hand Truck Free Wardrobes Boxes & Tape |
The November labour report showed an overall increase in employment in Canada of 79,000 jobs.
There has been only one really bad labour market report in the past four months, in October, and that was partly an adjustment after strong August and September numbers.
The improving labour market overall, the Bank of Canada’s commitment to keep its trend-setting overnight rate at 0.25% until next summer, and the end to the recession are all serving to raise consumer confidence levels.
Add to the foregoing that foreign investors are seeing this country as well-positioned to benefit from the recovery. Foreign investment money is being attracted to Canadian stocks, commodities and to commercial and residential real estate.
The net effect is to raise the prospects for new home construction. CanaData has somewhat revised upward its housing starts forecasts for next year. The latest figures are set out in the accompanying tables.
It is remarkable the degree to which housing starts in the largest cities in Canada dominate their provincial residential markets. In Quebec, Montreal usually accounts for almost 50% of total starts in the province.
Toronto housing starts are usually slightly more than half of the total in Ontario. Calgary and Edmonton each account for about one-third of Alberta’s total.
Finally, Vancouver starts traditionally make up between 55% and 60% of total starts in British Columbia.
http://dcnonl.com/article/id36930
Capital Car Carriers
BC Lottery Winning Numbers
BC Lottery Winning Numbers
Crossfireconsulting Blog
Related Websites - Read Helpful Information About Being Fed Up With Your Old Job Have you had enough or getting up everyday and going to the same old job? Do you feel like today no different as every other day? Does your job do nothing for you except pay...
- The Official Rent-A-Husband Guide to a Safe, Problem-Free Home: Quick, Easy, and Effective Solutions for Do-It-Yourselfer Improvements and Repairs The company was founded by Kaile Warren Jr, who at the time had a car accident. It left him nearly homeless, sleeping on the couches of his friends whenever possible. It was at this low...
- New Loan Funded — Relocating, Need Quick Cash to Payoff Home Equity Loan — $25,000 at 22% — C Credit — DTI 28% A new loan funded (Relocating, Need Quick Cash to Payoff Home Equity Loan â $25,000 at 22%). I participated via a manual bid the loan was Autofunding. The borrower had C credit, 28% DTI. and is a homeowner. ...
- What You Need to Know About Electric Hybrids and Electric Cars The electric car market is expected to boom over the next few years as more and more companies start to enter the electric car market. Chevrolet will be releasing the Chevy Volt in late 2010,...
- Three Ways to Fix Up Your House - The Outside If you are trying to find some quick and inexpensive ways to get the outside of your house shaped up, there are numerous options. We’re going to cover three of the best that can transform...