Market update

  • CMHC sees softer starts, higher prices in 2014 by Jamie Henry | 23 May 2014

    CMHC lowered its forecast for housing starts but not prices in 2014 and said sales and construction will be flat or barely higher in 2015 as the once-roaring market adjusts to a glut of condominiums coming onto the market, reports Reuters. read more

  • Canadians focused on paying down debt with tax refunds by Jamie Henry | 23 May 2014

    A CIBC poll finds that almost half (44%) of Canadians who have received a tax refund plan on using their windfall to pay off credit cards, debt or bills rather than saving or investing it. read more

  • U.S. existing home sales rebound by Jamie Henry | 23 May 2014

    U.S. home resales rose in April and the supply of properties on the market increased, suggesting the housing market was regaining its footing, reports Reuters. read more

  • Finance Minister: no housing or mortgage crisis by Jamie Henry | 22 May 2014

    The Canadian government is watching the housing and mortgage market carefully, but does not see a crisis, Finance Minister Joe Oliver told Reuters. read more

  • Alberta’s housing market heating up by Jamie Henry | 22 May 2014

    While a slowdown in Canada’s broader housing market may be underway, Alberta’s real estate landscape continues to heat up, with a new report saying it as a “standout performer in Canada’s housing market.” read more

  • Aging workforce affecting Canada’s labour market: RBC by Jamie Henry | 22 May 2014

    No need to wait any longer for the baby boom retirement shock to hit the economy — it’s already here, according to a new report on trends in Canada’s labour force, reports The Canadian Press. read more

  • House prices forecast to fall 20% over 5 years by Jamie Henry | 21 May 2014

    Pacific Investment Management Co. forecasts Canadian home prices falling as much as 20 per cent in the next five years, removing the boost from household spending that contributed to faster than- expected growth last quarter, reports the Ottawa Citizen. read more

  • Housing market due for correction: economist by Jamie Henry | 21 May 2014

    Canada’s housing market continues to show strength overall, with a slowdown in a few urban centres, but it “may only be a matter of timing” before there’s a full-blown correction, warns an economist, reports Yahoo Finance. read more

  • Canadian households upbeat on home prices by Jamie Henry | 21 May 2014

    The share of Canadians who are predicting higher home prices in their neighborhood remained above 40% for a fifth week in the latest weekly polling by Bloomberg and Nanos Research. read more

  • Don’t worry about Canada's housing market: Carney by Jamie Henry | 20 May 2014

    Mark Carney is now shrugging off concerns about Canada’s housing market. read more