The average Canadian mortgage balance was 5% higher in the year to mid-2017 at $198,781
The Canada Mortgage Housing Corp. (CMHC) has released a list of the worst Ontario cities to find affordable housing, where affordable is defined as shelter costing less than 30% before-tax household income.
Finance Minister Joe Oliver remains firm: Ottawa won’t be stepping up to protect Canada’s housing market, despite warnings from International Monetary Fund Wednesday.
Owning a home in Canada was more affordable in the third quarter of this year according to new stats from RBC Economics.
The International Monetary Fund is again warning about Canada’s housing market.
Alberta’s finance minister says that the province will deliver its core aims and a budget surplus despite the fall in the oil price.
A new report reveals home ownership across Canada – particularly condos – became more affordable in the third quarter of 2014, despite the broad increase in home values.
Interest rates in Canada will increase in May 2015 and rise steadily thereafter.
A poll of forecasters by Reuters shows a consensus that next year will see a slowdown in housing construction and prices but are still fearful of a market crash.
The latest figures on house prices south of the border show a decline in growth.
The Canada Mortgage and Housing Corporation has released its analysis of house prices and concludes that while there is some overvaluation, there is little risk from overheating or overbuilding.