Wednesday, September 15, 2010 1:18pm
The Canadian Real Estate Association (CREA) reported that home sales rose by 4.1 per cent in August, the first monthly sales increase since March. Ontario and British Columbia enjoyed the most activity. However, CREA predicts sales will likely stay slow. Home prices were stagnant in August at an average of $324,928, the same as last year. But though the number of listings rose 1.9 per cent, that’s still down down 16 per cent from last April’s peak
Showing posts with label home prices. Show all posts
Showing posts with label home prices. Show all posts
Saturday, September 25, 2010
Saturday, February 20, 2010
Dupuis: Enhance Rebates to Make Housing More Affordable
February 13, 2010
Stephen Dupuis
There have been mixed signals coming from federal Finance Minister Jim Flaherty as he prepares for the next budget.
At times over the last few months, Flaherty has said the budget will not be stimulative; but after his meetings at the World Economic Forum in Davos, Switzerland, that seemed to change.
At one point, Flaherty also mused about cooling down the housing market by increasing the minimum down payment and/or reducing the maximum mortgage amortization period should a housing bubble begin to form. More recently, Flaherty has said he has no plans to artificially slow down the market.
Meanwhile, the extension of the Home Renovation Tax Credit has been on and off again depending on the direction for the budget itself.
I have three suggestions for Flaherty, which could go a long way toward enhancing housing affordability and creating jobs.
First, while I doubt the finance minister would go out of his way to actively kill jobs, I'll say once more that he should not, under any circumstances, mess with a good thing by trying to slow down the housing market.
http://www.yourhome.ca/homes/columnsblogs/article/763602--dupuis-enhance-rebates-to-make-housing-more-affordable
Stephen Dupuis
There have been mixed signals coming from federal Finance Minister Jim Flaherty as he prepares for the next budget.
At times over the last few months, Flaherty has said the budget will not be stimulative; but after his meetings at the World Economic Forum in Davos, Switzerland, that seemed to change.
At one point, Flaherty also mused about cooling down the housing market by increasing the minimum down payment and/or reducing the maximum mortgage amortization period should a housing bubble begin to form. More recently, Flaherty has said he has no plans to artificially slow down the market.
Meanwhile, the extension of the Home Renovation Tax Credit has been on and off again depending on the direction for the budget itself.
I have three suggestions for Flaherty, which could go a long way toward enhancing housing affordability and creating jobs.
First, while I doubt the finance minister would go out of his way to actively kill jobs, I'll say once more that he should not, under any circumstances, mess with a good thing by trying to slow down the housing market.
http://www.yourhome.ca/homes/columnsblogs/article/763602--dupuis-enhance-rebates-to-make-housing-more-affordable
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