Concerns that condo projects may be reaching market saturation in urban centres may be on the decline, as the CMHC reports an October downturn for new construction. While a busy construction industry means jobs and economic growth, could this be a good move for Canada’s housing market?
A recent CIBC study suggests Canadian mortgage debt isn’t as dire as the Bank of Canada claims – in fact, consumers may be paying their mortgages off faster to the tune of $11 billion nationally. But do these numbers really paint an accurate picture of consumer debt in Canada? Read on for the full story.
Canada’s so-called housing market bubble has become the topic du jour once again in finance news – but MoneyWise writer Rubina doesn’t think conditions are as alarming as they’re made out to be. Read on for her argument on why Canada’s housing market is right where it should be.
Real estate pundits love to point to the crash-prone boogeyman that is the condo market – but two recent reports suggest that high-rise living is just getting started in Canada.
It seems hardly a week goes by this spring without a new announcement from Canada Mortgage and Housing Corporation – another slew of changes were announced today, targeting multi-unit developers and low-ratio mortgage borrowers.
Mortgages spotlight: ATB drops their posted rates practices and CMHC introduces cap for lender mortgage guarantees.
Retirement comes with age. Might seem like common sense, but it’s a fact many don’t like to consider when planning their post-pension finances. The truth is, aging – and slowing down – is unavoidable, and there are significant costs associated with this life stage. Whether you’re retrofitting your home to ease mobility, or shelling out for prescriptions, a little planning can go a long way in alleviating the costs of aging.
Carrying debt = bad, right? Seems like it, according to personal finance 101. But did you know that not all types of debt are created equal – and that certain types can actually increase your wealth? Understand the difference between constructive and deconstructive debt – and how to avoid the latter.
Next up in our Regional Real Estate roundup is big spender Vancouver! Home to Canada’s highest real estate prices, it costs some serious ducats to live in the land of sea and sky. So, why are housing prices mountain high? And what does this spell out for first time home buyers?