Falling oil prices threaten Calgary’s housing boom
Calgary’s previous housing boom (made possible by five years of rising oil prices) is now facing a bust due to falling oil prices.
Oil leads Saskatchewan housing starts to drop, CMHC says
Saskatchewan’s housing market is expected to experience a decline in housing starts both this year and in 2016, experts from the Canada Mortgage and Housing Corporation (CMHC) said.
Experts predict even lower lending rate
Mortgage brokers and industry watchers are predicting an even lower lending rate as Canada’s economic uncertainty and plunging oil prices continue to emerge.
Prairie’s housing starts to dwindle until 2016 – CMHC
Housing starts in the Prairie region are projected to decrease from 55,067 in 2014 to 49,600 in 2015 and 48,000 in 2016, the latest Housing Market Outlook by Canada Mortgage and Housing Corporation (CMHC) stated.
Existing homes sales slide in Western Canada
Oil prices have led existing homes sales in Canada to drop further, with Edmonton among those hit the hardest.
Luxury student condos becoming a trend
Students and neighbourhood groups are raising their eyebrows over the high-end living property developers seem to be suggesting, as the latest student housing trend in Canada.
CMHC revises housing forecast
The Canada Mortgage and Housing Corp. (CMHC) have announced a revision in its 2015/2016 Calgary housing market forecast, which shows more optimism than expected by most industry observers.
Montreal condo market shows signs of slowing down
Montreal’s recent boost in condo sales seems to be dropping off, following dramatic highs in values and construction.
Sikh billionaire joins CMHC board
Self-proclaimed first Sikh billionaire Navjeet Singh (Bob) Dhillon has been appointed as one of the Canadian Mortgage Housing Corp. (CMHC) board of directors by the Minister of Employment and Social Development Jason Kenney.
Major cities suffer downward trend in house values, report claims
A new report has seen a downward trend in house price across major Canadian cities, including Montreal, Winnipeg, Calgary and Hamilton, Ontario.