The majority of homes bought by investors in Toronto last year are losing money according to a real estate brokerage
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.
Many homeowners in Alberta are rushing to sell their properties as prices have started faltering and buyers are growing increasingly scarce.
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.
Two-hundred additional beds will be made available to Vancouver’s growing number of international students, after the CIBT Education Group acquired Viva Suites hotel at Drake and Howe for $37m.
A new report from the International Monetary Fund (IMF) claims the Canadian housing market is overvalued by about 20%.
Borrowers who took on variable interest rates for their mortgage are irked at how other banks decided not to pass on the full rate cut the Bank of Canada (BOC) launched last week.
An executive of the fourth largest bank in Canada has confirmed the Bank of Montreal won’t be moving its prime lending rate amid the surprise rate cut the central bank recently announced.
Manitoba has been named one of the worst places for First Nations people to live in Canada, as the region’s natives are more likely to grow up in poverty and poor housing conditions.
A report by CIBC World Markets said the overall mortgage market share of alternative lending institutions in Canada has increased from 0.8% during 2008 to 2009, and its expansion rate is also growing at 25% per year.
The dream of an Iraqi family to move into a larger city-subsidized home - since living in Canada from 2001 - has turned out to be a horrific nightmare.