Okanagan house starts rise by 19%
An increase in the number of Canadians wanting to build homes in the Okanagan has been observed by the latest report from the Canada Mortgage and Housing Corporation (CMHC).
CMHC data reveals more housing starts than expected
Data from the Canadian Mortgage and Housing Corp shows more homes were started this January than expected, particularly for multi-unit buildings.
British company keeps gloomy prediction for Canadian housing market
“Enjoy it while it lasts,” is what economist David Madani has said of the current low levels of housing prices in Canada, adding that “tell these real estate people just because it hasn’t happened, doesn’t mean it won’t.”
Royal Bank of Canada predicts Alberta prices to dip
The Royal Bank of Canada predicts a 16% plunge in sales of the Alberta’s existing homes, as oil prices continue to drag the provincial economy.
Canada ranks second in highest household debts
Canada now trails only Greece as a leader in worldwide household debts, according to new research.
Mayors to discuss housing as one of top summit agendas
Mayors of Canada’s biggest cities are to meet in Toronto to discuss matters such as housing, infrastructure, and transportation this week.
IMF revises outlook for Canadian housing market
A new IMF staff analysis suggests a national real house price overvaluation between 7% - 20%, however there would be important regional differences.
Toronto housing market expected to excel
Toronto is proving predictions by economists to be correct, which stated that the city’s housing market will excel due to plummeting oil prices and the historical low levels of interest rates.
Alberta showing signs of correction
Many homeowners in Alberta are rushing to sell their properties as prices have started faltering and buyers are growing increasingly scarce.
Moose Jaw housing market still ‘stable’
The Moose Jaw housing market is looking healthy, as increases in the number of homes for sale remain steady, as well as property prices for the past two years.