Toronto, Vancouver exhibit strong housing sales
The housing markets of Toronto and Vancouver are showing impressive strengths as sales jump dramatically for both areas.
CMHC increases mortgage insurance premium
Canadian borrowers with $250,000 in home loan and less than 10 per cent in down payment may be facing an extra $5.20 per month, after the Canada Mortgage and Housing Corp. (CMHC) raised its mortgage insurance premium.
Genworth Canada announces spike in mortgage insurance premium
Mortgage insurer Genworth Canada has followed the footsteps of Canada Mortgage and Housing Corp. (CMHC) as it increase its mortgage insurance premium rates for homebuyers with less than 10 per cent down payment.
Manulife Bank holds client survey with $500 prize
Manulife Bank, one of Canada’s biggest mortgage lenders and mortgage insurance providers, has announced an annual online client survey where they may win $500.
BMO claims soft landing has arrived for Canadian housing market
The Bank of Montreal (BMO) says the “soft landing” for Canada’s housing market has finally arrived, but properties in Alberta and Saskatchewan suffered a “harder” landing.
$587m aid to Ontario’s homeless
New efforts to reduce homelessness are pouring in for Ontario’s municipalities as they are set to receive more than half a billion dollars from the provincial government.
Alberta’s new budget won’t touch mortgage rates, agents claim
Alberta's budget will not have a detrimental effect on mortgage rates, according to Alberta real estate agents.
New condo rental units to emerge at Bloor and Bathurst
A 1,000-unit apartment proposal is up for the southwest corner of Bloor and Bathurst, thanks to a B.C.-based condominium developer.
New affordable housing units set for Alberta seniors in 2018
New affordable housing for seniors in High Level is on the pipeline, thanks to the Governments of Canada and Alberta as they invest $11.7m for a 60-unit lodge community.
Edmonton condo market at risk of decline
A new report is forecasting oil prices will negatively affect Edmonton’s real estate investing this year; particularly that its condo sales and prices will decline.