Toronto needs almost 10,000 homes, mayor claims
The government’s inaction to provide affordable housing in Canada is “unacceptable”, Toronto Mayor John Tory said on Monday.
Interest rate cut may not come any time soon, Reuters study suggests
More than 40 economists surveyed predict Canada's economy will grow 2.0 per cent this year and 2.2 per cent in 2016, a downgrade January’s forecast.
Home ownership still Canadians’ favourite investment vehicle
Looking for an investment idea? A poll by Manulife Financial shows that Canadians still see home ownership and real estate investing as the best investment.
Housing Out of reach for Young Canadians
Young Canadian professionals are taking to social networking site Twitter to air their despair at the overpriced Vancouver housing market, trending the line “I don’t have a million dollars!”
Nunavut runs short of housing budget, finance minister claims
Nunavut Finance minister Keith Peterson included housing funds as one of his federal budget wishes for the territory this week, but money for new homes appeared to be nowhere the budget’s priorities.
Budget says demand for credit stable among Canadians
Despite the record levels of household debt last quarter, Ottawa has showed that Canadians’ appetite demand for credit has stabilized, thanks to home ownership.
Home sales and prices up in Canada for March
Canada’s home sales have jumped by 4.1% from February to March, with the average housing price also rising but “slewed” by growth in Toronto and Vancouver.
Canada’s housing market overvalued 35%
The Economist magazine has surveyed housing costs around the globe and found that Canada’s housing prices are overvalued by 35 per cent when side by side with Canadian incomes.
Edmonton housing market remains strong
Edmonton’s housing market showcases strong growth amid uncertainties in its energy sector, a study by Royal LePage has revealed.
One third of Canadians understand home loans
Only 33 per cent Canadian homeowners admit that they have read their entire mortgage agreement, a recent study by Scotiabank has revealed. Worse, only 27 per cent fully understood the details of their home loans.