The average Canadian mortgage balance was 5% higher in the year to mid-2017 at $198,781
The weekly Bloomberg Nanos index of consumer sentiment reports lower figures again this week as concern spreads about weakness in the global economy.
Homeowners are advised to update their inventories to cover some of their most valuable assets.
The CEO of the Bank of Nova Scotia says that concerns over a housing bubble are overblown and the word ‘bubble’ is overused.
Canada’s homeowners are spending more on renovating their existing homes rather than buying new ones.
Although some believe there is a slowdown in the condo market in Toronto, the construction of new developments continues and parking lots are disappearing in the process.
In a client note the Bank of Montreal suggests that the huge growth in condo development and sales in Toronto may be coming to an end.
New figures from StatsCan show that Calgary is new home prices in Calgary are growing by the biggest amounts in Canada.
The two main contenders to become Mayor of Vancouver are being challenged to table policies that will tackle the issue of home affordability in the city.
Baby boomers could leave themselves short of retirement funds if there’s a housing market correction.
The latest figures from the Canada Mortgage and Housing Corporation show an uptick in the pace of housing starts.