The real reason the government has introduced stringent mortgage stress testing, claims a mortgage broker, is because it wants Canadians to spend less money on mortgage payments and more on other segments of the economy
Apart from foreign ownership data the other story from the latest CMHC Rental Market Survey is a slight uptick in vacancies in the rental market.
Prime Minister Stephen Harper reassured Canadians that the federal budget will balance and tax measures and spending plans will remain despite the lower oil revenues.
Construction of new homes south of the border fell in November, chiefly due to lower demand for single-family homes.
In a first for CMHC, the Crown corporation has asked property managers to disclose the percentage of units owned by foreign investors as part of its Rental Market Survey.
Record low interest rates have kept brokers busy this year and there are no signs of slowing down on the horizon, according to one association.
Historical predictions of an oversupplied housing market caused by a mass exodus of baby boomers from their residential homes have been debunked by a new study.
Household debt increased in the third quarter but is lower than the previous estimate for quarter two.
A higher number of homebuyers are turning to alternative lenders as the big banks have tightened restrictions on mortgages.
The Bloomberg Nanos Canadian Confidence Index has fallen to its lowest figure for 10 months.
Finance ministers are asking Ottawa to give them more help with costs of roads and transit improvements.