Kelowna's housing starts remain steady
The latest report from the Canada Mortgage and Housing Corporation (CMHC) has revealed Kelowna’s housing starts remain steady, with 1,417 units in March compared to February’s 1,456 units.
Credit union launches 1.49% mortgage rate
Ontario residents may take advantage of the “lowest known posted mortgage rate in Canadian history” after credit union Meridian announced an interest rate of 1.49%.
Saskatoon housing starts up for March
The Canada Mortgage and Housing Corporation (CMHC) has revealed a surge in Saskatoon’s housing starts for March, a sign that the area’s real estate investing is booming as “a lot more units have been initiated on a year-over-year basis.”
Oshawa suffers slight dip in housing starts
Oshawa has recorded a dip in its housing starts from 1,908 in February to 1,706 last month, according to the Canada Mortgage and Housing Corporation (CMHC).
Study claims first homebuyers are 'responsible, well-educated'
Genworth Canada has found first-time homebuyers to be “responsible” in their financial decisions and real estate investing as they enter the housing market, stating that they are “doing their homework.”
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.