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Housing imbalance could hurt the economy : IMF
The warning came a day before the central bank raised interest rates by a quarter of a percentage point
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Could China cause the Vancouver property market to collapse?
Beijing’s tightened exit clamps on yuan leaving the country has some analysts worried it might pop the housing bubble
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Edmonton sales flat, prices rise
Home sales in Edmonton were essentially flat in June but prices gained
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Montreal home sales reach new record in second quarter
There were 13,764 home sales in the second quarter of 2017, a new record for the quarter beating that of Q2, 2009 (13,727)
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FCAC advises homeowners to review household debts
Following last week’s interest rate rise, the Financial Consumer Agency of Canada is advising households to review their budgets and debts
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Mortgage payments will rise for some Winnipeg homeowners
Though the increases won’t be too large, additional payments could lead to financial hardship for some borrowers
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House prices will rise in the second half of 2017
Prices will continue to climb in many regional markets, albeit at a much slower pace than in the first half of the year
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Toronto leads gain for new housing prices
Prices for Canada’s new housing were up 0.7% in May, driven by a 1.1% increase for Toronto
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BC sales down almost 10% but remain above long-term average
There was a 9.6% drop in home sales in British Columbia last month compared to June 2016 but the 11,671 units sold is still above long-term averages
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CIBC economist says inflation will be 2% by next spring
The Bank of Canada has not achieved its inflation target but that’s set to change with housing and mortgages playing their part in the rise