Exclusive: CMHC chief economist weighs in on foreign condo investment
For the first time, CMHC released data on foreign condo investors in Canada Wednesday and in an exclusive with MortgageBrokerNews.ca, a CMHC economist shares some details behind the methodology used.
CMHC releases foreign condo investment stats
In a first for CMHC, the Crown corporation has asked property managers to disclose the percentage of units owned by foreign investors as part of its Rental Market Survey.
Finance Minister discusses potential measures
Finance Minister Joe Oliver, who is currently in meetings with his provincial finance minister counterparts, has said the government may take steps to rein in an overvalued housing market.
No crash on the horizon, according to major source
Another day, another opinion about a potential housing crash is voiced; this time, however, it’s optimistic and the source is influential.
BoC joins the housing overvaluation discussion
The Bank of Canada has developed a new model to determine the overvaluation of housing prices in Canada and has, for the first time, provided its own estimation.
A tale of two markets
A weakened Canadian dollar will benefit buyers and brokers in one major area but another will have to grapple with a slowing market.
Overbuilding fears assuaged
The number of housing starts have continued to surge toward the end of the year but one big bank economist assures Canadians we aren’t at risk of overbuilding.
How accurate was O’Leary’s mortgage prediction?
Two years have passed since Kevin O’leary made a bold prediction about mortgage rates, and it’s time to find out how accurate he was.
Economist: Housing market 'stretched'
One economist believes there are signs of overbuilding in Canada, a trend that that may be contributing to a housing bubble.
Commercial outlook positive
Despite volatility in the commercial real estate market, brokers in this segment may expect an uptick in business in one major market as the economy continues to improve.