New Homes to Slow, Rates and Prices to Rise: CMHC Q3 Housing Market Outlook
Buying A Home / Mortgage News / Mortgages

New Homes to Slow, Rates and Prices to Rise: CMHC Q3 Housing Market Outlook

It seems everywhere you look, there’s evidence of Canada’s booming new home construction market – but that’s not expected to last, according the the Canada Mortgage and Housing Corporation (CMHC). The national housing agency anticipates developers will stop bringing as many homes to market and will shift focus to selling what’s already built in its quarterly Housing Market Outlook, released last week. Continue reading »

Friday Mortgage Round Up: August 17th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: August 17th, 2012

The CMHC had added their predictions to the cooling housing market pile – and they’re fortunately less extreme than past calls of a 10 per cent drop. While they’re forecasting a slowdown in pricing, new construction and existing home sale figures, Canada’s housing market is still sitting pretty compared to the U.S., where 4 million homeowners are now underwater on their mortgages. Continue reading »