Canadian home sales climb in March

Highlights: National home sales edged up 4.1% from February to March. Actual (not seasonally adjusted) activity stood 9.5% above March 2014 levels. The number of newly listed homes rose 1.8% from February to March. The Canadian housing market remains balanced. The MLS® Home Price Index (HPI) rose 4.95% year-over-year in March. The national average sale price rose 9.4% on a...

Canada’s mortgage wars hit new low as fixed rate dips to 1.49%

A Toronto-based credit union has upped the ante in the spring mortgage market rate wars, a development that is likely to make the country’s most expensive markets even hotter. Though the term is only for 18 months, Meridian, Ontario’s largest credit union, has offered what appears to be one of the lowest rates ever on a fixed term at 1.49 per cent. Rob McLister, the founder of, said...

‘The madness is here.’: Toronto home buyers greet the spring market

As lively as Toronto’s real estate market has been so far in 2015, this is the week that activity really starts to intensify. With Easter, Passover and March break all behind them, prospective buyers have more properties to look at in every price segment – from downtown condos to a 16,000-square-foot Forest Hill mansion that hit the market with an asking price of $18.8-million. Not only are listings...

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