As part of its efforts to address the current financial crisis, the federal government announced that it will inject $75 billion of new money into the financial system, by buying insured mortgage pools from Canadian financial institutions. Read More
Archive for November, 2008
Year-to-date sales in the Montréal Metropolitan Area total 36,955 transactions, and are down slightly by 4 per cent compared to the same period last year, according to the Greater Montréal Real Estate Board’s MLS® system.
“With real estate sales still going strong in Montréal, it proves that it’s still a good investment. This argument is even more compelling when you look at the other major cities like Calgary, Vancouver and Toronto, which have seen dramatic decreases in sales since the start of this year,” said Michel Beauséjour, FCA, Greater Montréal Real Estate Board Chief Executive Officer. “Also, bear in mind that we’re comparing sales so far this year with 2007, which broke all records,” he said. Read More
