Market update

  • U.S. housing starts up sharply by Jamie Henry | 20 May 2014

    U.S. housing starts jumped in April and building permits hit their highest level in nearly six years, offering hope that the troubled housing market could be stabilizing, reports Reuters. read more

  • IMF says CMHC should be phased out by | 19 May 2014

    The International Monetary Fund says the Canadian government should look for ways to clip the wings of CMHC and eventually get out of the mortgage insurance business altogether, reports CTV News. read more

  • U.S. recovery good news for Canada by Jamie Henry | 19 May 2014

    Confidence is growing that the Canadian economy is rebounding from a weather-related winter hiccup and is poised to take advantage of stronger U.S. demand, reports the Canadian Press. read more

  • Loonie rises amid mixed U.S. economic data by Jamie Henry | 19 May 2014

    The Canadian dollar closed higher amid mixed U.S. economic data and commodity prices, reports the Canadian Press. read more

  • Analysts warn of home market ‘froth’ by Jamie Henry | 16 May 2014

    Canadian home prices continued their ascent in April, while the number of existing homes that changed hands came in slightly lower than a year ago, reports The Globe and Mail. read more

  • Apartment buildings attractive to investors by Jamie Henry | 16 May 2014

    Potential landlords may consider buying apartment buildings rather than houses or condominiums because of the lower mortgage rates and greater financial flexibility available, reports Business Vancouver. read more

  • Millennials richer than parents were by Jamie Henry | 16 May 2014

    A new report by BMO Economics suggests that young Canadians, specifically those between 25 and 34 years old, are on average richer than their parents were at that age. read more

  • Canadian home sales pick up in April by Jamie Henry | 15 May 2014

    National home sales activity was up on a month-over-month basis in April, according to statistics released today by The Canadian Real Estate Association (CREA). read more

  • Home prices up slightly in April by Jamie Henry | 15 May 2014

    Canadian resale home prices rose in April, but the start of the spring selling season appeared milder than usual, according to the Teranet-National Bank Composite House Price Index. read more

  • Toronto condo market misjudged: builders by Jamie Henry | 15 May 2014

    Builders of Toronto condominiums get as little respect these days as the embattled mayor, according to one of the city’s largest high-rise developers, reports Bloomberg News. read more