Tag Archives: Canada

What’s New in the Canadian Housing Market

Low interest rates and balanced market conditions across Canada have combined to provide a stable real estate market in recent years. Cartus’ Canadian Real Estate Market Overview, prepared by Andy Puthon, president of Coldwell Banker Canada, provides valuable information for companies relocating employees to and within Canada.
Industry forecasts on Canadian real estate markets are generally positive for this year and are expected to further improve in 2016. “It is important to remember that, while real estate activity is forecast nationally, it is transacted locally,” said Puthon. “Market conditions can vary dramatically from city to city, or between neighbourhoods—and even on [...] Read More

Canadian Property Trends: Cartus Market Watch

According to the Cartus Canadian Property Market Watch, the housing market in Canada remains in balance and, according to the latest Canadian Housing Outlook issued by the Canada Mortgage and Housing Corporation (CMHC), existing home sales are expected to increase moderately through the end of 2015 along with the country’s economic conditions.
“Industry forecasts call for Canada’s positive economic outlook and strong net migration to continue to drive housing demand this year and through 2015,” said Andy Puthon, president of Coldwell Banker Canada . “These strong economic fundamentals, combined with the ready availability of financing at near-record low interest rates, will [...] Read More

Global Spotlight: Canada | Cartus

Canada is the second largest country in the world by total area—a vast land featuring stunning natural beauty with world-class cities made up of different ethnicities. Canada’s strong economy and immigration-friendly climate also make it an ideal destination for companies looking to establish new business centers. Thanks to strong economic growth and the continuation of nearly record-low interest rates, real estate sales are expected to grow and improve in 2013—making it a very attractive place for assignees to live.
Country Spotlight: Canada
Although Ottawa is the capital of Canada and houses the national government, Toronto is Canada’s largest city. Toronto is also [...] Read More

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