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Wednesday, July 6th, 2022

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 of Canada warns Toronto’s condo market a ‘pocket of vulnerability’ in Canada’s housing sector – Ask a Vancouver Mortgage Broker

Pamela Heaven The Bank of Canada singled out Toronto’s condo market in its report on risks facing the country’s economy and financial system Thursday. The central bank said in its Financial System Review that though Canada’s housing market was broadly in line with demand, the level of condo building was significantly above historical averages. “While some of […]

CMHC: Expect higher Canadian house prices and fewer starts in 2014- Ask a Vancouver Mortgage Broker

TORONTO — Canada federal housing agency lowered its forecast for housing starts but not prices in 2014 and said sales and construction will be flat or barely higher in 2015 as the once-roaring market adjusts to a glut of condominiums coming onto the market. Canada Mortgage and Housing Corp said the nation’s housing boom is […]

How factory-built homes are shedding their ‘cheap’ label and exploding in popularity

After more than three decades in her Toronto bungalow amid growing mildew problems in the 1940s-era home, Ruth Wiens decided it was to start fresh. Here we go again with dropping mortgage rates Falling bonds yields could push mortgage rates lower as banks compete in the spring housing market, the strongest real estate period of […]

Recognizing red flags for new homes – Ask a Vancouver Mortgage Broker

October 27, 2013 by  
Filed under Recent News

Buyers of new homes should do their homework and be wary of builders who promise too much, says the man overseeing Ontario‘s regulator for home builders. Tarion president and chief executive officer Howard Bogach is touring the province to promote the corporation’s work and warn of illegal building practices. The Ontario government created Tarion Warranty […]

Two steady housing years ahead: CMHC

Canada’s housing market has two good years ahead of it yet, Canada Mortgage and Housing Corp. said Monday, with low interest rates and a “moderately” expanding economy keeping price corrections at bay. The Crown corporation – which insures Canadian mortgages – has had a consistently rosier view of the market than many private sector forecasters. Canadian banks […]

Buying a condo: New or resale?

When it comes to buying a condo, what’s a better investment? Buying one that’s already built and is being resold, or buying on the hype of a new building that’s yet to be constructed? Jana Masiewich considered both a resale and pre-construction condo before deciding that buying a condo prior to it being built presented […]

Home building booms again

Garry Marr  Oct 11, 2011 Jonathon Rivait/National Post The Canadian housing market continues to defy the odds in the face of a world economic slowdown, as new statistics from Canada Mortgage and Housing Corp. show new home construction soaring again. The latest numbers put September starts at 205,900 on an annualized basis, a pace in line […]