According to the CREA, the Canadian housing market is down again with sales dropping 17% last month compared to last year. Despite the decline in sales and prices…
Recent data now shows the average selling price of a Canadian home dropped by 0.3 per cent in the past year. It may not seem like much of a difference, especially to those who have been waiting for the market to cool and stabilize, but does this mean that the bubble has burst?
Did you know – it now costs 109% of of the average Canadian’s income to own a house in Vancouver, according to a recent report from RBC. Read on for our breakdown of market affordability across Canada.
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.
The CMHC Q1 Report has been released, and it calls for a slight slowdown in housing activity in Canada this year. What will affect buyers and sellers? Read on to find out.
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.
Mortgages Spotlight: low interest rates from central banks worldwide and increasing investor interest have housing markets heating around the world. Could this be a sign of a global bubble?
Could the market be due for a 25 per cent crash? Today’s report by Capital Economics certainly points to that direction. Released just a day after RBC’s statement that Toronto – one of Canada’s biggest markets – is not in a bubble, today’s statement has economists and home buyers alike wondering: what’s in store for home prices?
Jim Flaherty’s new rule announcement for amortizations and refinancing has left a lot of Canadians puzzled this morning – what will this mean for those already in government-backed plus-25-year mortgages? And is there a silver lining when it comes to mortgage interest paid over time?
It seems that every month now there are new principles and policies that are being set out by regulatory agencies in Canada which make it increasingly difficult for consumers to qualify for mortgages. Earlier this week on March 19th, OFSI issued a draft aiming to tighten the mortgage underwriting process and lending guidelines and are looking for industry personnel and other parties involved to provide feedback towards these proposed best practice changes.