Find us on Google+ Google+

Sunday, July 24th, 2016

Canada may need tougher rules to slow overvalued housing market, IMF warns

Canada may need tougher rules to slow gains in the housing market, the International Monetary Fund said. Millennials lured by lengthy stretch of low rates spur Canada’s condo boom at their peril Experts warn of danger ahead when these young people, who have no experience in interest rate shocks, face a spike in mortgage payments. […]

Here’s Why Mortgage Credit Growth In Canada Has Been Slowing

The latest reading from Statistics Canada shows that Canadian household indebtedness increased in the second quarter, with the ratio of household credit market debt to disposable income rising from 163.1 to 163.6 percent. This increase was primarily attributable to weak income gains over the course of the quarter, as mortgage debt – which makes up […]

Canada’s most expensive housing market not headed for crash, says credit agency DBRS

A leading credit rating agency says Canada’s most expensive housing market may not be all that affordable for the average family, but despite that no major correction is coming Vancouver’s way. DBRS  looked at 39 markets in Canada, the United States and Australia, releasing its focus feature on Vancouver Wednesday. “Based on historical data, the […]

Canadian housing to start showing signs of easing over next two years, says CMHC

OTTAWA — Canada’s housing market may start showing some signs of easing over the next two years as new construction begins to slow and sale prices climb down slightly, according to the latest forecast by the Canada Mortgage and Housing Corp. The national housing agency is forecasting housing starts in Canada to range between 179,600 […]

Canada’s housing market on course for soft landing, says CMHC – Ask a Vancouver Mortgage broker

OTTAWA — After consistently bucking predictions that a slowing trend was just around the corner, Canada’s housing market is now showing signs that it is, indeed, headed for a soft landing. Pockets of risk in Canada’s condo market but don’t expect a crash, Conference Board report says Pockets of risk continue to exist in the […]

Canada’s most expensive housing market not headed for crash, says credit agency DBRS

A leading credit rating agency says Canada’s most expensive housing market may not be all that affordable for the average family, but despite that no major correction is coming Vancouver’s way. DBRS looked at 39 markets in Canada, the United States and Australia, releasing its focus feature on Vancouver Wednesday. “Based on historical data, the […]

Sharp rebound in buyer confidence fuels Toronto condo recovery, says Urbanation

The country’s largest condominium market has fully recovered and is breaking new ground, according to a Toronto research firm. Urbanation Inc. says during the second quarter Toronto passed a new milestone with more than 100,000 condo dwellings in active development in the census metropolitan area. Of the 105,027 units in the pre-construction, under construction and […]

Canadian home sales rise 0.8% to highest level in four years – Ask a Vancouver Mortgage Broker

July 22, 2014 by  
Filed under Recent News

Canadian existing home sales in June reached their highest monthly level in more than four years as prices continued to rise in some of the country’s hotter markets. But the housing market is becoming an increasingly local story with the disparity between hot and cold markets growing across Canada, something the Canadian Real Estate Association […]

Even economists say they continue to be surprised by Canada’s housing market – Consult with a Vancouver Mortgage Broker

Record low interest rates have have forced Toronto-Dominion Bank to boost its forecast for the Canadian housing sector. 5 questions to help you decide whether to rent or buy a home Economist Diana Petramala said in an economic report that TD’s forecast in January was banking on an increase in interest rates that has not […]

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 […]

Next Page »


SEO Powered By SEOPressor