Multi-million dollar mortgage fraud in Calgary
A complex multi-million dollar mortgage fraud scheme has been busted by the Calgary police and RCMP officers, with four people now facing 29 criminal charges.
Vancouver’s rental crisis hits harder than expected
Vancouver’s rental crisis is seemingly worse than expected, as new data from the Canada Mortgage and Housing Corporation’s 2014 market rental report cited vacancy rates to be as low as 0.3%.
CMHC reveals low number of foreign condo owners
The amount of foreign investment in Canada’s condominiums appears to be significantly less than what some critics say, according to new figures by Canada Mortgage and Housing Corp (CMHC) .
Calgary rental rates soar highest, CMHC says
The Canada Mortgage and Housing Corp.’s (CMHC) fall rental market report has revealed Calgary to have the highest rents of any metropolitan area in the country as of October.
Canada’s subprime lending market dominates
New data compiled by CIBC World Markets has revealed subprime lenders’ share of the Canadian mortgage market has reached record levels.
Canadian government, private firm to build more affordable housing
A new rental housing development is in the works after the Government of Canada, the Province of Saskatchewan and Silver Sage Holdings Ltd. agreed to construct a 26-unit project in Regina.
Statistics show household debt at record highs
Household debt across the country in Q3 has hit record highs, as it accelerated faster than disposable income, the latest figures from Statistics Canada have revealed.
Canada’s house values constantly increasing, CREA says
The Canadian Real Estate Association says house prices across the country kept soaring in 2014, making the market overpriced.
Sudbury housing market set to surge, expert says
House prices in Sudbury are set to see the “biggest years for growth in quite some time” next year, an industry observer claimed.
Moody’s debunks Canadian housing overvaluation
“Structural changes” appear to justify the current house prices across Canada, a new report by Moody’s Analytics stated.