The federal government will unveil its national housing strategy Wednesday and is expected to reveal plans for 100,000 new homes and the renovation of 300,000 existing ones
Hamilton and Burlington is showing continued improvements in terms of housing market performance, setting another sales record last month.
The economic research division of mortgage lender RBC forecasts improvement in Canada’s economy for the second half of this year.
Another major mortgage lender has revised downwards its forecast for Canada’s economy.
New data from Statistics Canada shows that the gap between Canada’s richest 20 per cent and the poorest almost doubled in the period 1999-2012.
The average home value in the Greater Toronto Area has climbed another 15 per cent in the four months since it went over the $1m tag price in February this year.
The mayor of Vancouver, has called for taxes on provincial luxury housing tax and property flippers, as well as the power to cut the number of unoccupied homes.
The head of Canada’s largest private mortgage insurer says the hot housing markets in Toronto and Vancouver are not about to crash.
Joe Oliver told a Senate committee Tuesday that he wouldn’t be discussing the prospect of a recession because he doesn’t believe there will be one.
Analysts have expressed concern in a new poll over the rising levels of debt held by Canadian households.
Atrium Mortgage Investment Corporation has announced that shareholders will be paid a monthly dividend for June of $0.07 per common share.