Think tank crunches mortgage stats, urges policy makers to take a close look at mortgage habits and the impact of interest rates
Ottawa has one of the most stable and sought-after multi-family rental markets in Canada according to a report from Colliers International.
Brokers are voicing their displeasure with a recent change made by a big bank that will affect past and future clients.
One of Canada’s most influential not-for-profit research organizations recently published its yearly Long-Term Economic Forecast, which include its predictions for the housing and mortgage markets for the next few years.
Housing starts in Canada were down for the fifth consecutive month in February, according to the latest figures by CMHC.
A program to help Canadians who are having a home built or renovated has been extended for three years.
With high prices and, in parts of the country, concern about job security and the economy, renovations are booming.
The real estate industry was one of the three most-targeted sectors by email ‘phishing’ scams in January.
The latest building permits report from Statistics Canada found a 21 per cent decline in permit values for multi-family construction projects, which fell to $1.5 billion in January – its lowest point since March 2013.
In what one industry player is referring to as a “great example of bank greed,” one big bank has tacked on a monthly fee to one of its most popular programs among brokers.
Readers are debating mortgage debt versus consumer debt after the CMHC released previously confidential remarks about its concern for the housing market, but is it time to finally put that discussion to bed?