Browsing Tag

housing market

Housing markets vulnerable despite easing overvaluation: CMHC

Building Feb 7, 2019

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…

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‘Subdued’ housing market predicted in B.C. through 2021: Central One Credit Union

THE CANADIAN PRESS Dec 18, 2018

Another dismal forecast for British Columbia's housing market, one day after the Canadian Real Estate Association predicted home sales will continue to dip in the province next year. Central One Credit Union, which provides services to more…

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Housing collapse in Canada unlikely: CPA Canada study

Building Nov 26, 2018

As household debt rises and home prices in some markets continue to be out of reach for many average Canadians, the temptation is to compare the situation to the 2008-09 U.S. housing market bubble and subsequent crash. However, underlying…

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Prices easing but Canada’s housing market still ‘highly vulnerable’: CMHC

THE CANADIAN PRESS Oct 25, 2018

Despite an easing in prices, the Canadian housing market remains "highly vulnerable,'' according to the Canadian Mortgage and Housing Corporation.The federal agency says house prices in Toronto, Vancouver, Victoria and Hamilton are…

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Altus Group analysis highlights Golden Horseshoe affordability woes

Building Aug 9, 2018

The dynamics of today’s workforce are evolving at a rapid rate. Technology has made communication more efficient and opportunities to work remotely – with more flexible schedules – increasingly possible. Many millennials who currently live…

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Canada’s housing sector faces high degree of instability for eighth quarter: CMHC

THE CANADIAN PRESS Jul 26, 2018

The Canada Mortgage and Housing Corporation says the country's housing sector is facing a high degree of vulnerability to market instability for the eighth straight quarter.The Crown corporation attributes the vulnerability to…

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Pace of new housing construction slows in May, as multi unit projects slide

David Paddon, THE CANADIAN PRESS Jun 8, 2018

The pace of new housing construction in Canada slowed in May amid a double-digit decline in multi-unit projects in urban areas after several months of above-average activity, Canada Mortgage and Housing Corp. said FridayThe federal…

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Banks poised to report strong Q2 despite housing slowdown: analysts

Armina Ligaya, THE CANADIAN PRESS May 22, 2018

Canada's biggest banks are upping the ante in the mortgage wars amid slowing growth and national housing sales at lows not seen in several years, but analysts say real estate market woes won't dent lenders' earnings, just yet.The banks,…

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CMHC says annual pace of housing starts slows in April compared with March

THE CANADIAN PRESS May 9, 2018

Canada Mortgage and Housing Corp. says the annual pace of housing starts in April slowed compared with March.The seasonally adjusted annual rate of new home construction, which is seen as a measure of the health of the housing market,…

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No one measure will fix B.C. housing crisis, but budget will start: ministers

Dirk Meissner, THE CANADIAN PRESS Feb 19, 2018

British Columbia's New Democrats are promising initiatives in Tuesday's budget to increase the supply of affordable homes for families, students and seniors, while also bringing in measures to dampen speculation in the real estate market.…

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