The CMHC has released its latest forecast for home sales in Canada, and they foresee a downtown in our red-hot market. However, one economist calls into question red flags raised over the condo market, saying the data doesn’t paint the full picture. Here’s what buyers and owners should know.
CMHC August housing starts exceeded expectation, surging 12% – a high not seen since 2012. Read on to learn more about the factors driving home sales.
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.
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?
This weeks Spotlight on Mortgages: Prices keep climbing, along with a surprise boost to housing starts and jobs.
The latest report from CAAMP on mortgages shows recent rule changes are having an adverse impact on housing starts.
Kicking off our Regional Real Estate series, we check in with Calgary, Canada’s fourth largest city. Boasting a strong economy fueled by the oil and gas sector and a solid employment rate, it’s safe to say Calgarians are looking to buy, buy, buy. With the city implementing a less-sprawl strategy, and renewed focus on entry-level offerings, things are looking rosy in the wild west.
Last weekend the government announced a change to current mortgage regulations which now require federal financial institutions to revise the mortgage penalty disclosures they provide to consumers. Plus, BMO is back in full force with their announcement of offering 2.99 per cent on their 5 year fixed mortgage product and TD has responded by bringing back their 2.99 per cent 4 year fixed mortgage.
CMHC’s latest report on Canadian housing starts was released this morning and showed that the seasonally adjusted annual rate of housing starts in April 2010 was up 2,500 units or 1.3% over March 2010 to 201,700 units. This is the latest evidence that Canada’s housing market is still doing exceptionally well and driving Canada’s economic …
RateSupermarket.ca reviews the Canadian Mortgage and Housing Corporation’s (CMHC) predictions for 2009-2013. All of which indicate a continued slow-down in the real estate and building markets in Canada.