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
House prices went up again in Calgary last month; rising 10 per cent compared to October last year.
A new quarterly report from Desjardins says that Vancouver is Canada’s least affordable market currently, due to house prices relative to income.
A new rental supplements program in Nova Scotia will give the region a much needed boost for affordable housing for seniors and low income families.
A recent poll shows Canadians spend a higher percentage of their income on housing. Nearly 43 cents of every dollar goes towards housing costs in Canada.
The latest Canadian Emerging Trends Real Estate report from PricewaterhouseCoopers shows that office construction is not slowing down in our major cities.
Construction next year should be pretty much in line with 2014 according to new figures from the CMHC.
Data from CMHC has revealed predictions for house prices and sales levels over the next 2 years with most markets continuing to see price rises.
The Conference Board of Canada predicts that we’ll all have a little more money in our pockets in 2015.
In its monetary policy report released yesterday the Bank of Canada admitted that some of our markets are far from a soft landing.
A new report suggests that we are far from the end of market growth, at least in some parts of Canada.