Browsing Category
Real Estate
Ontario Real Estate Association appeals to Ottawa for less stringent mortgage rules
The Ontario Real Estate Association's (OREA) chief executive officer, Tim Hudak, in a letter sent today to the House of Commons Standing Committee on Finance, is calling for less stringent mortgage rules – taking aim at comments made by…
Alternative lenders gain market share as total mortgage growth slows, CMHC says
An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government interventions aimed at cooling the housing market, according…
Average Monthly Rents in Canada Increase For Second Straight Month: Rentals.ca Report
Since late last year, the average size of units for rent in Canada has been slowly declining, from 1,010 square feet (sf) in October 2018 to 933 sf in June 2019, according to Rentals.ca’s July National Rent Report.The report reveals…
Mortgage market slowing & share of uninsured mortgages increasing: CMHC Report
According to the first Residential Mortgage Industry Report released by Canada Mortgage and Housing Corporation (CMHC), recent mortgage regulations, rising interest rates and a softening Canadian housing market contributed to a general…
Alberta economy doing better than expected in June forecast, TD economists note
CALGARY – Encouraging data points are forcing economists to consider upgrading their expectations for weak 2019 economic growth in Alberta as the province continues to recover from the effects of extreme heavy oil price weakness late last…
CENTURY 21 Canada Survey Reveals Canadians Have Mixed Feelings About the Real Estate Market
A nationwide survey, conducted by CENTURY 21 Canada, reveals that two-thirds of their real estate agents feels their clients are concerned about real estate market conditions in their communities.CENTURY 21 Canada invited over 1,000…
Stats Can Publishes Survey of Non-Bank Mortgage Lenders, fourth quarter 2018
For the first time, Statistics Canada has published data from the quarterly Survey of Non-Bank Mortgage Lenders. These lenders held 1.7 million residential mortgages in the fourth quarter of 2018, two-thirds of which were uninsured.…
Government Announces $462 million in funding for Phase 2 of the Federal Community Housing Initiative
The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) announced $462 million in funding over eight years for Phase 2 of the Federal…
Canadian Home Sales Climbed in June: CREA Stats
The Canadian Real Estate Association’s (CREA) new statistics show national home sales had minor changes in June 2019 from the previous month. Following a string of monthly gains recorded in March, April and May, home sales recorded by the…
Sandy Shindleman, CRE, Reports Infrastructure and Housing Lead Top Ten Issues Affecting Real Estate
Sandy Shindleman, President of commercial real estate firm Shindico Realty Inc., and the international organization of commercial property professionals, The Counselors of Real Estate (CRE), have shared emerging issues that are expected to…