Cartus

Tag Archives: Canada

Cartus Canadian Market Watch | Slow and Steady Wins the Race

Canada’s stable housing market stands out as a bright spot. Although activity has geared down since mid-2012, sales are expected to improve later this year, fueled by stronger economic growth and continuation of nearly record-low interest rates.

To help my Canadian peers stay up to date on the key trends impacting our market, Cartus worked with Coldwell Banker Canada to publish our bi-annual Canadian Property Trends Market Watch. According to John Geha, President of Coldwell Banker Canada, “Canada’s employment, economic growth and net migration are all expected to build momentum this year and through 2014.” In agreement is the Canadian Real [...] Read More

Canadian Government to People: No Housing Drama Here

From my home in Montreal, I have a good view of the U.S. real estate market. The housing correction has had a serious impact on the American economy. As home values have decreased, many people owe more on their mortgages than their homes are worth. The number of foreclosures and short sales has increased significantly.

The Canadian government has recently implemented new standards to prevent a similar occurrence in this country. The impact of these rules on relocation is that employees being transferred to higher cost cities such as Toronto and Vancouver might not qualify for a new mortgage based on [...] Read More