In the year 2000 the bank lending interest rate in Canada was 7% but by last year it had fallen to 2.7% while incomes increased, more than doubling the amount that homebuyers could borrow
The Canada Mortgage and Housing Association has expressed concern that homes here remain more expensive than those south of the border.
The third quarter saw an overall drop in commercial real estate investment in Calgary but an increase in the top end.
Far from being oversupplied the condo market needs more units to cope with the immigration inflow.
With more construction taking place landlords in Halifax are concerned of oversupply in the office sector.
Businesses looking for property in the Metro Vancouver area are finding prices have increased substantially over the last two years.
Foreclosure rate in Saint John, New Brunswick, is reaching the worst levels real estate observers have seen in decades, say long-time real estate agents and brokers.
Renewing a home loan shouldn’t be too painful for the next six months according to a new report from The Canadian Association of Accredited Mortgage Professionals.
The $14 billion New Building Canada Fund was launched in April but critics say it has not been clear how to get some of the money and that has delayed the start of building projects this year.
With a $12.5 billion deficit, Ontario may have to increase taxes in order to balance the books.
A Nobel laureate and economist says British Columbia and Vancouver appear to be resistant to housing bubbles despite high property values in the latter.