Monthly Archives: June 2012

Harper Government Takes Further Action to Strengthen Canada’s Housing Market

As part of the Government’s continuous efforts to strengthen Canada’s housing finance system, the Honourable Jim Flaherty, Minister of Finance, today announced further adjustments to the rules for government-backed insured mortgages. “Our Government stands behind the efforts of hard-working Canadian families to save by investing in their homes and their future,” said Minister Flaherty. “The […]

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May 2012 Housing Starts

OTTAWA, June 8, 2012 — The number of housing starts was trending at 212,400 units in May, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. The standalone monthly SAAR was 211,400 units in May, down from 243,800 in […]

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Bank of Canada keep rate unchange

The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on June 5th, 2012. It was the 14thconsecutive policy meeting in which borrowing costs have been left unchanged. While the text accompanying the announcement left the door open to future rate hikes, the language used was considerably less hawkish than in the […]

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Toronto Land Transfer Tax

New Massive Ward-by-Ward Poll Shows Support for Land Transfer Tax Repeal in 38 of 44 City of Toronto Wards June 8, 2012 — According to a new massive ward-by-ward poll of almost 9,500 Toronto residents, conducted by Ekos Research, 86 per cent of City wards (38 of 44) want to see the Toronto Land Transfer […]

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