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New construction home sales drop in November but condo prices climb

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https://ift.tt/2LrQAeb The average price of a new condo was up 11.9 per cent, though sales totals were down year over year. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/2QDXORX via IFTTT Need a mortgage?: Mortgages Victoria
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‘Subdued’ housing market predicted in B.C. through 2021, says Central 1 Credit Union

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https://ift.tt/2zZihGD Central One Credit Union, which provides services to more than 300 credit unions across Canada, says in its housing forecast for 2018 to 2021 that B.C. experienced a “mild provincial housing recession” this year. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/2S95Lvg via IFTTT Need a mortgage?: Mortgages Victoria
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GTA buyers behind 70 per cent house price increase in Hamilton area in past five years

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https://ift.tt/2QDoZMP A new CREA report says the price increase in the Hamilton-Burlington market — with the average home costing $581,900 — is the fourth highest in Canada. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/2SScJod via IFTTT Need a mortgage?: Mortgages Victoria
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Toronto and Vancouver most ‘vulnerable’ to interest rate hikes, says CMHC

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https://ift.tt/2UF61DL The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to 242 per cent in the second quarter, which ended June 30. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/2PDxrGm via IFTTT Need a mortgage?: Mortgages Victoria
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Broadview Hotel now under new management

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https://ift.tt/2QwoILL But hotel owner Streetcar Development says a new management company will give it time to develop the property’s local character. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/2GdHjHA via IFTTT Need a mortgage?: Mortgages Victoria
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U.S. homebuyers get a break as bidding wars fall to lowest since 2011

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https://ift.tt/2C7fi02 The era of bidding wars may be winding down in some of the most-competitive U.S. housing markets. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/2RVQoGm via IFTTT Need a mortgage?: Mortgages Victoria
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Total number of new mortgages slumped in second quarter, says CMHC

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https://ift.tt/2C8v1Mk The federal housing agency says fewer Canadians opened new mortgages in the three-month period ending June 30, even though the total number of active mortgages and the value of those mortgages rose during the same quarter compared with a year ago. from Toronto Star | BUSINESS | REAL_ESTATE https://ift.tt/2QqlZmO via IFTTT Need a mortgage?: Mortgages Victoria
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