New affordable housing units set for Alberta seniors in 2018
New affordable housing for seniors in High Level is on the pipeline, thanks to the Governments of Canada and Alberta as they invest $11.7m for a 60-unit lodge community.
Edmonton condo market at risk of decline
A new report is forecasting oil prices will negatively affect Edmonton’s real estate investing this year; particularly that its condo sales and prices will decline.
B.C housing co-ops ‘face a horrible choice’
Housing co-operatives across B.C. are facing uncertainties as federal government subsidies come to an end, and restrictions squeeze their other options.
Millennials face unaffordable housing prices by 2030
A detached home in Canada may cost a whopping $2.1m by 2030 if housing prices are left to rise without regulation, a new study by Vancity has warned.
CREA fears home sales may drop this year
The Canadian Real Estate Association (CREA) predicts Canadian homes sales may drop by 1.1 per cent this year as oil prices decline and affect consumer confidence, particularly for 457,700 provincial units countrywide.
Yale lecturer warns of housing bubble
A Yale lecturer fears parents borrowing to help their first-time home buying children enter the property market is a risky scenario that may create a potential housing bubble.
BCREA foresees stable mortgage rates
The British Columbia Real Estate Association (BCREA) has expressed optimism that mortgage rates will remain at their historically low levels for most of this year, including one-year mortgage rates of 2.85%.
Canadians take on more debt
An economist from the University of Regina believes household debt has become a real concern due to lowered fixed interest rates for mortgages across Canada, which is encouraging more people to take on more debt.
Harper confident in Ottawa’s housing market
Prime Minister Stephen Harper has assured that there is no need for additional intervention as Ottawa is “closely watching developments in the still-hot housing market.”
Canadians take on more debt due to low-rate environment, study says
A new report by analysis firm TransUnion has revealed that Canadians have returned to their debt-loving ways last year and the behaviour is expected to prevail as low interest rates emerge.