The perception for the value of Canadian real estate has hit a seven month high according to the chairman of Nanos Research Group
The property market south of the border is improving with stability in interest rates boosting confidence.
New figures from the Canada Mortgage and Housing Corporation show that housing starts were down in October; mainly due to a slowdown in condo construction.
The Bloomberg Nanos Canadian Confidence Index shows that Ontario has overtaken Alberta after 17 months behind.
After announcing that it has seen an increase of 28 per cent in its mortgage business in the past year, partly due to not being restricted by tighter regulations that banks do, it may be a surprise that Home Capital has applied to become one.
Canada’s largest non-bank lender is enjoying a boom in business fuelled by the big banks’ tighter lending requirements.
A new report by Brookfield RPS shows that the speed at which house prices in Toronto, Vancouver and Calgary are growing compared to the rest of Canada is increasing.
With the average price of a single-family house in Calgary you could own a whole island.
The value of building permits issued in September was 12.7 per cent higher in September following a drop of almost a third the previous month.
The number of properties for sale in the Saskatoon area is up 15 per cent from this time last year.
Jim Oliver has announced new rules to minimize the risk to mortgage insurers and lenders.