canadian resale housing market: Toronto real estate and mortgage highlights
- 02/22/10 04:26 PM
• Housing starts rise in January and are now 23% below their trough in April of last year. • Weekly jobless claims move up and barely budge on a four quarter moving average basis. • Headline inflation falls to 2.6% from 2.5% in December. Core inflation falls to 1.6% from 1.8% • The Canadian Federal Department of Finance announced three changes to mortgage insurance rules that will help to cool the Canadian real estate market. • Canadian Resale housing market data over the last three months suggest activity is cooling. Homes sales fell 2.8% in January, the first decline in over (0 comments)