Canada has one of the most unaffordable housing markets in the world, with Vancouver, British Columbia being the third-most unaffordable city to buy a home worldwide. According to Demographia’s 2017 International Housing…
If you’re applying for a mortgage with a small down payment, be prepared to pay a little more every month for default insurance. The Canadian Mortgage and Housing Corporation recently announced it will increase the premiums for ‘mortgage default insurance’ (also called mortgage loan insurance) effective March 17, 2017…
What is the true extent of foreign real estate ownership in Canada? The CMHC is attempting to find out, as both house and condo prices skyrocket.
A recent report finds the CMHC has taken efforts to further crack down on foreign investment in Canada. Will this provide clarity for nation’s too-hot-to-handle housing market? Read on for our breakdown.
The latest housing market assessment has been released by the CMHC and it has ranked what it feels are the riskiest Canadian markets. Is your city on the list? Read on to find out.
Canada condo starts have hit the highest levels since 1971, according to the latest data from CMHC. What does this mean for home buyers? Read on for our breakdown.
Foreign home ownership in Canada has been a concern of housing market critics as prices spike in certain neighbourhoods. The CMHC is now researching the impact, though many say the data is inconclusive. Read on for the full story.
The minimum home down payment has been increased to 10% from 5% on homes priced over $500,000. What does this mean for buyers? Read on to find out .
With home prices steadily rising in Canada, many existing home owners are choosing to stay put and improve their homes with renos – two new reports find home renos will be a big contributor to the economy next year.