Record home building in Canada drives spike in building permits – ask a Vancouver mortgage broker

Record Canadian housing construction led a faster-than-expected gain in building permits in January, government data showed one day after the central bank predicted a soft landing in the country’s real estate market. North America’s top 20 housing markets: Vancouver, Toronto, Calgary among most expensive Is Canada’s market overheated? Here’s a look at the prices in […]

Canada home sales fell 3.3% in January, CREA says – Consult with a Vancouver Mortgage Broker

Canadian existing home sales fell for a fifth month in January on fewer transactions in Toronto and Vancouver, adding to evidence the nation’s housing market is cooling. Sales declined 3.3% in January from the previous month, the Canadian Real Estate Association said today in a statement. The average price of a home sold in January […]

Carney shifts from housing bubble to sluggish growth – Consult with a Vancouver Mortgage Broker

Carney shifts from housing bubble to sluggish growth KEVIN CARMICHAEL AND TARA PERKINS   Mark Carney can taste victory in his long-running battle against a housing bubble. For the first time in a year, the Bank of Canada on Wednesday signalled comfort that Canadians are getting the message about taking on too much mortgage debt, […]