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Real Estate
CMHC reports annual pace of housing starts in Canada slowed in January
The Canada Mortgage and Housing Corp. said the annual pace of housing starts slowed in January, dropping less than was expected for the start of the year.The federal housing agency said the seasonally adjusted annual rate came in at…
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U.S. clamps down on foreign investment in real estate near "strategic locations."
Young buyers still seek home ownership in Quebec: survey
The Association des professionnels de la construction et de l'habitation du Québec (APCHQ), the Québec Federation of Real Estate Boards (QFREB) and the Fonds immobilier de solidarité FTQ released the results of a survey conducted by the…
Banking regulator defends stress test, open to change when warranted
Canada's financial regulator hit back at criticisms of its stress test for uninsured mortgages, which has made it harder for borrowers to qualify and weighed on national home sales, but said it is open to changes when warranted.…
Housing markets vulnerable despite easing overvaluation: CMHC
While overvaluation has eased in Toronto and Victoria, Canada's overall housing market remains vulnerable for the tenth quarter in a row, according to the most recent Housing Market Assessment (HMA) released by Canada Mortgage and Housing…
Trade issues, oil slump and lower spending have slowed growth: BoC deputy
The effects of U.S. trade unknowns, lower oil prices and weaker housing and consumer spending are behind the recent deceleration in economic growth, a Bank of Canada deputy governor said in a speech Wednesday.To help the economy get…
Toronto real estate board calls on Ottawa to revisit mortgage stress test
Canada's largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto's once red-hot housing…
City of Vancouver says 2018 empty home tax cut number of homes sitting vacant
The number of vacant properties in Vancouver has fallen by 15 per cent in one year and the city says just over half of those previously empty homes have been returned to the rental market.The statistics are from initial returns of…
Toronto home sales see small uptick in January as prices continue to go up
Home sales in Toronto and the surrounding area saw a small uptick in January, a sign that the real estate market in Canada's largest city remains stable.The Toronto Real Estate Board reports that there were 4,009 home sales recorded…
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St. Catharines and Welland take different approaches to put developers on the fast track.