Category Archives: housing market

CIBC Economist: Immigrants to Boost Canada’s Housing Prices

Posted on August 23, 2012 by CICS Immigration Editor

A report released today by a major Canadian bank says growth in the 25-34 age group and increases in immigration levels will likely push housing prices up over the next decade. The analysis, by CIBC World Market’s deputy chief economist … Continue reading →

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Vancouver Sees 12 Percent Drop in Housing Prices in July from Same Time Last Year

Posted on August 4, 2012 by CICS Immigration Editor

Vancouver, one of the most popular Canadian housing markets for the country’s immigrants, saw the average value of real estate purchases in July drop 12 percent from the same period last year, according to data collected by Bloomberg News. The … Continue reading →

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Inflation Drops to 1.2% in May, Reducing Likelihood of Rate Hike

Posted on June 22, 2012 by CICS Immigration Editor

Prices increased 1.2 percent in the 12 months leading up to May, a drop of 0.8 percent from the annual inflation rate in April, according to a report released by Statistics Canada today, a development that could keep interest rates … Continue reading →

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