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.”
Royal Bank of Canada predicts Alberta prices to dip
The Royal Bank of Canada predicts a 16% plunge in sales of the Alberta’s existing homes, as oil prices continue to drag the provincial economy.
Canada ranks second in highest household debts
Canada now trails only Greece as a leader in worldwide household debts, according to new research.
Mayors to discuss housing as one of top summit agendas
Mayors of Canada’s biggest cities are to meet in Toronto to discuss matters such as housing, infrastructure, and transportation this week.