CMHC predicts historic rise in Winnipeg’s vacancy rate
More apartments are expected to become vacant next year in Winnipeg. In fact, the region’s vacancy rate is likely to sit at its highest level in almost two decades – a 3% rise.
Eight transitional housing units to rise in Manitoba
A new effort to reduce homelessness across Canada has been launched by the Canadian Mental Health Association (CMHA) – Central Region, as it opened the House of Hope complex in Portage la Prairie, Manitoba.
Durham sees jump in residential property transactions
Durham is seeing a strong start this year with a 5.8% increase in residential transactions in January, from 484 in January 2014 to 512.
Manitoba housing construction set to improve, analysts say
Home constructions in Manitoba are expected to boom in the next two years, according to industry experts.
CMHC reveals slowdown in Saskatoon starts
Saskatoon has seen a dramatic decline in its total housing starts, totalling a slide of 59% from 376 in January 2014, creating only 155 the same time this year.
UBC professor shrugs off overvaluation for renters
As Bank of Canada Governor Stephen Poloz warns of a housing bubble or overvaluation of 30% in the Canadian housing market, an assistant professor from the University of British Columbia (UBC) claims this does not mean much for renters.
Toronto’s condo lifestyle set to boom this year
Condos will face its “first real test” this year as more compact homes are set to emerge across Toronto – and investors are betting on big returns.
Okanagan house starts rise by 19%
An increase in the number of Canadians wanting to build homes in the Okanagan has been observed by the latest report from the Canada Mortgage and Housing Corporation (CMHC).
CMHC data reveals more housing starts than expected
Data from the Canadian Mortgage and Housing Corp shows more homes were started this January than expected, particularly for multi-unit buildings.
British company keeps gloomy prediction for Canadian housing market
“Enjoy it while it lasts,” is what economist David Madani has said of the current low levels of housing prices in Canada, adding that “tell these real estate people just because it hasn’t happened, doesn’t mean it won’t.”