CMHC revises housing forecast
The Canada Mortgage and Housing Corp. (CMHC) have announced a revision in its 2015/2016 Calgary housing market forecast, which shows more optimism than expected by most industry observers.
Montreal condo market shows signs of slowing down
Montreal’s recent boost in condo sales seems to be dropping off, following dramatic highs in values and construction.
Sikh billionaire joins CMHC board
Self-proclaimed first Sikh billionaire Navjeet Singh (Bob) Dhillon has been appointed as one of the Canadian Mortgage Housing Corp. (CMHC) board of directors by the Minister of Employment and Social Development Jason Kenney.
Major cities suffer downward trend in house values, report claims
A new report has seen a downward trend in house price across major Canadian cities, including Montreal, Winnipeg, Calgary and Hamilton, Ontario.
CMHC predicts historic rise in Winnipeg’s vacancy rate
More apartments are expected to become vacant next year in Winnipeg. In fact, the region’s vacancy rate is likely to sit at its highest level in almost two decades – a 3% rise.
Eight transitional housing units to rise in Manitoba
A new effort to reduce homelessness across Canada has been launched by the Canadian Mental Health Association (CMHA) – Central Region, as it opened the House of Hope complex in Portage la Prairie, Manitoba.
Durham sees jump in residential property transactions
Durham is seeing a strong start this year with a 5.8% increase in residential transactions in January, from 484 in January 2014 to 512.
Manitoba housing construction set to improve, analysts say
Home constructions in Manitoba are expected to boom in the next two years, according to industry experts.
CMHC reveals slowdown in Saskatoon starts
Saskatoon has seen a dramatic decline in its total housing starts, totalling a slide of 59% from 376 in January 2014, creating only 155 the same time this year
UBC professor shrugs off overvaluation for renters
As Bank of Canada Governor Stephen Poloz warns of a housing bubble or overvaluation of 30% in the Canadian housing market, an assistant professor from the University of British Columbia (UBC) claims this does not mean much for renters.