Vancouverites demand gov to ban foreign property investors
Vancouverites have expressed their despair for the lack of action from political leaders over rising housing prices, leading residents to lodge a petition for the restriction of foreign property investments in the area.
B.C. best residential property sales in 5 years
Latest data from the Bank of Montreal’s Blue Book economic outlook, British Columbia is set to lead Canada’s provinces this year, as residential property sales appear to be their best in more than five years.
Edmonton’s housing sales drop 13%
Average sale price jumped for Edmonton’s housing market last month to three per cent, despite the 13 per cent drop in the number of housing sales.
Genworth still eyeing Alberta housing market, chief exec says
Despite its massive losses during the 2008 housing bubble, mortgage insurer Genworth MI Canada Inc.’s newest leader has confirmed that the company is still mulling income opportunities in Alberta.
New CMHC report on Regina’s housing market overvaluation receives flak
A new report by the Canada Mortgage and Housing Corp. (CMHC) may have dethroned Toronto and Vancouver as it now claims that the housing markets of Regina and Winnipeg are where “the risk of problematic market conditions is high because of price acceleration, overvaluation and overbuilding."
Government study belies fears of Alberta housing bubble
Alberta’s housing market won’t see a repeat of the 1980s drubbing despite the slump in oil prices, a new internal federal government analysis has assured.
Former jail becomes latest affordable housing site
Tables seem to have turned around as a former jail for inmates awaiting trial is now set to be converted into an affordable housing project for Canadians under the low-income bracket.
Vancouver still least affordable housing market
Vancouverites are finding it even harder to afford homes across Metro Vancouver as house values continue to rise, the latest Desjardins Affordability Index has found.
IMF predicts soft landing for Canadian housing market
The International Monetary Fund (IMF) says as Canada’s uninsured mortgage market booms, some borrowers are able to circumvent tighter mortgage rules meant to put the brakes on a hot housing market.
Poloz defends interest rate cut, reiterates ‘no housing bubble’ stance
Bank of Canada (BoC) governor Stephen Poloz has defended his decision to cut the lending rate in January, arguing that the overvaluation in home prices are still not enough to consider Canada’s reals estate investing sector to be in a housing bubble.