How to get your own ‘Vacation House For Free,’ according to this HGTV host

HGTV host Matt Blashaw thinks the chief appeal of a vacation home is its convenience. “It’s an easy vacation,” he explains. “The point is just to go have everything set up the way you want. You know the area, and you know you’re going to have fun.” The vacation may be easy, but the second […]

U.S. rental home shortage lining the pockets of big corporate landlords

Corporate landlords are benefiting from the worst U.S. rental-housing shortage in more than a decade as construction trails demand and more Americans opt to lease rather than buy. There’s an undersupply of single-family houses and apartments to rent for the first time since 2001, according to an analysis by Frank Nothaft, chief economist at mortgage […]

CMHC finally releases foreign ownership data on housing — too bad few believe it

TORONTO • Foreign ownership in the housing market has become a bit of a bogeyman for people who fear a real estate collapse, so Canada Mortgage and Housing Corp. set out to identify whether it really is an issue. CMHC tackles foreign ownership in Canada’s housing market for first time Some pockets of the country […]

Subprime lending market in Canada skyrockets to record as banks tighten reins

Subprime lenders’ share of the Canadian mortgage market has reached record levels, according to data obtained by the Financial Post, putting increased risk on the housing market. Alternative lenders, who are major beneficiaries of that subprime market, now underwrite 2.2% of all mortgage loans — probably not enough to cause any major structural damage to […]

Houses might not be as overvalued as the Bank of Canada thinks, Moody’s report suggests

A new report from Moody’s Analytics suggests the Canadian housing market has seen some “structural changes” that might justify today’s prices. “One possibility is that two decades of lower and more stable mortgage rates, together with regulatory safeguards, have raised the risk-adjusted return on housing investments,” said Mark Hopkins, author of the Moody’s report. “This […]

Canadian home prices fall for first time in a year: Teranet

TORONTO — Canadian home prices fell in November from a month earlier, their first monthly decline in a year, the Teranet-National Bank Composite House Price Index showed on Friday. The index, which measures price changes for repeat sales of single-family homes, showed national home prices fell 0.3 per cent last month. Prices were still up […]

CMHC to hike issuer fees and mortgage rates could follow

Canada Mortgage and Housing Corp. is tripling the fee it charges some financial institutions to guarantee loans in the mortgage-backed securities market, a move that could end up costing consumers more, the Financial Post has learned. The move appears to be aimed at the government’s stated goal of reducing its role in the mortgage insurance […]

Canada among the world’s hottest property markets

Housing prices continue to grow at a red-hot pace in many parts of the world. The Global Property Guide has compiled and analyzed the property price performance of the world’s big economies. We’ve put together a list of the top 16 markets based on year-over-year, inflation-adjusted price performance as of Q3. The chart accompanying each […]

Vancouver new home prices see biggest jump in 4 years

OTTAWA — New housing prices in Canada rose 0.1 per cent in October from September, the third consecutive month-on-month increase, on strength in the Vancouver metropolitan area, Statistics Canada said on Thursday. The result matched analysts’ expectations. Prices in the Vancouver area grew by 0.4 per cent, the largest jump since an identical increase in […]

Slumping oil prices to hit home prices in Calgary in 2015: Re/Max

TORONTO — Slumping oil prices are likely to impact Calgary’s real estate market in the coming year, causing home prices to slow their rapid acceleration in Alberta’s largest city, according to a report by realtor group Re/Max. The average sale price of a Calgary home is expected to rise by only three per cent in […]

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