The slowdown in the Canadian resale housing market was dramatic last month, but the sector got a boost Tuesday from statistics that show new home construction is not falling as fast as anticipated. In fact, Ottawa, which often goes against the trend in economic indicators, saw housing starts increase by 42 per cent in July as builders stepped up ap

Today's Real Estate News: The Relocation Services Forum: Attached is an article in the NY Times by David Streitfeld and Jack Healy that recaps the recent Board Meeting of the Federal Reserve regarding the Housing Market. Key points include: Concerns over long term interest rates rising quickly Mortgage applications now at lowest level in 12 years T

Measures the number of new residential building permits issued. A rising trend has a positive effect on the nation's currency because permits are a leading indicator for the housing market as they signal a a healthy construction industry

Measures the number of new residential building permits issued. A rising trend has a positive effect on the nation's currency because permits are a leading indicator for the housing market as they signal a a healthy construction industry

A fear of rising interest rates in 2010 has yet again made headlines in Boston papers. The Boston Herald reported that rising mortgage rates will likely hinder home sales, and may even cause the housing market to become even less stable.