A cross-Canada glimpse into the state of various housing markets
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The total value of building permits was $7.5 billion in October, edging up 0.7 per cent from September according to data from StatsCan.
The value of non-residential building intentions soared 34.4 per cent in October, following a 4.4 per cent increase the month before.
Credit rating agency Fitch has warned that Canada’s banks are at risk due to “unsustainable” levels of consumer debt.
One economist believes there are signs of overbuilding in Canada, a trend that that may be contributing to a housing bubble.
The cold weather hasn’t cooled housing starts, as CMHC reports steady numbers continuing into the holiday season.
Despite volatility in the commercial real estate market, brokers in this segment may expect an uptick in business in one major market as the economy continues to improve.
A new study says that we will need another 4.5 million homes over the next three decades.
Back in 2001 Calgary talked about banning gated enclaves in the city and in 2007 there was a clear statement in the land-use by-laws that gates across condominium driveways were not allowed.
Canada’s five largest banks have collectively made profits of $31.7 billion in the past year, up $2 billion from the year before but they are warning of challenging times ahead.