Mortgage

Ottawa's new mortgage stress tests accounted for at least half of the decline in new mortgages started last year, according to a new report by CIBC that calls for the measure to be revisited amid a falling housing markets.The total…

OTTAWA – Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage point.A report Thursday from the Canada Mortgage and Housing Corp.…

OTTAWA – The chief executive of the Canada Mortgage and Housing Corp. says his agency wants to raise hundreds of millions more dollars to help Canadians afford places to live, adding to the billions already available in government funding.…

MAPLE RIDGE, B.C. – Prime Minister Justin Trudeau touted efforts by the Liberal government to help first-time homebuyers put more down on their mortgages during a visit to a region of the country today that is facing a housing squeeze.…

Luxury home sales fell in the two formerly hot housing markets of Vancouver and Toronto, as well as Calgary, in the first couple months of the new year, according to data released Wednesday by Sotheby's International Realty Canada.That…

OTTAWA – Thank you, Mr. Speaker.Last week, I was back home in Toronto–where I had a chance to visit with some young people at the Boys and Girls Club in Regent Park.It was March Break last week, so they were pretty focused on having…

OTTAWA – On the eve of a federal election this fall, the Liberal government is looking to help more Canadians buy their first homes by picking up a portion of their mortgage costs and increasing the amount they can borrow from their…

OTTAWA –  Highlights from the federal Liberal budget tabled Tuesday by Finance Minister Bill Morneau:–  $1.7 billion over five years, and $586 million a year after that, for a Canada Training Benefit to help workers upgrade skills…

CALGARY – Four years after an oil price crash that's been blamed for more than 40,000 oilpatch job cuts in Western Canada, stability is returning to the residential rental market.Apartment owners including Boardwalk REIT and Mainstreet…

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2019 and extended its outlook to include 2020.…