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Tuesday, May 9th, 2017

WHAT DOES IT ACTUALLY MEAN TO CO-SIGN FOR A MORTGAGE?

WHAT DOES IT ACTUALLY MEAN TO CO-SIGN FOR A MORTGAGE? What Does It Actually Mean To Co-sign For a Mortgage?There seems to be some confusion about what it actually means to co-sign on a mortgage and you know that where there is confusion, your trusted mortgage professional seeks to offer clarity. Let’s take a quick […]

New survey shows Canadians turning part of their homes into Airbnb units to cover their mortgage

Canadians facing ever increasing house prices — and debt — are turning to short-term rentals to make ends meet, according to a new survey. AltusGroup, which provides real estate research, said its FIRM survey from the summer of 2016 found four per cent of all households had used a short-term rental accommodation service in the […]

RBC: Toronto and Vancouver housing affordability still at high-stress levels

RBC: Toronto and Vancouver housing affordability still at high-stress levels The fourth quarter of 2016 saw Canadian housing costs remain at overheated levels despite the imposition of various federal and provincial measures to address the prevalent issue of home affordability, according to a fresh report released by RBC Economics Research last week. In the latest […]

Residential, non-residential construction activity in Canada to diverge in 2017

In its latest outlook, The Conference Board of Canada stated that residential starts and non-residential construction in Canada will see notable deviations from each other in 2017, with the former slowing down and the latter exhibiting stronger activity. “Not only is the residential construction industry seeing a downturn in housing starts, spending on home renovations […]

Bank on Hold As Housing Expected to Continue to Slow

Bank on Hold As Housing Expected to Continue to Slow It is no surprise that the Bank of Canada maintained its target overnight rate at 1/2 percent today, reaffirming its view that the Canadian economy is still operating with considerable slack despite strong employment growth and inflation remains below the 2 percent target. The policy […]

Canada is world’s fifth most prosperous

Canada has ranked fifth in a league table of the most prosperous countries but there are some risks which could topple its position. London-based think tank Legatum Institute ranks New Zealand, Norway, Finland and Switzerland above Canada with Australia just behind and the US in 17th place. However, health and education are two areas where […]

‘White-hot’ Vancouver, Toronto housing markets could be dragged down by rest of Canada, report says

A new report from Moody’s Analytics says Canada’s two priciest markets could eventually be dragged down by housing results in the rest of the country. Toronto condo king Brad Lamb delays Alberta projects amid oil slump: ‘The situation is worse than 2008’ Lamb Development Corp. is delaying construction of two condominium projects in Alberta as […]

Oil prices are making housing forecasts a tough call in Alberta

Plunging oil prices have made it almost too difficult to predict what will happen in the Calgary housing market, according to a new real estate forecast. As Vancouver home prices surge out of reach, businesses worry how to retain staff Business groups are raising the alarm about Vancouver’s ability to attract and retain the talent […]

Joe Oliver wants to lower taxpayer exposure to the housing market — but there’s no specific plan to do it

  TORONTO — Finance Minister Joe Oliver says Ottawa won’t be making any protective moves in Canada’s housing market. At a news conference Thursday, Oliver says the government’s long term aim is to gradually reduce taxpayer exposure to the residential real estate market, but there is no specific plan. Oliver’s predecessor, Jim Flaherty, moved four […]

Housing starts miss expectations as condo construction cools

OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing starts was down in October, compared with September, as the rate of new multiple-unit homes starting construction, including condominiums, slowed. The agency estimates the standalone monthly seasonally adjusted annual rate was 183,604 units in October, down from 197,355 the previous month. Economists had […]

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