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 […]

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 condominium markets of Toronto and Vancouver, but a broad-based downturn is unlikely, according to the latest Conference Board of Canada condo report commissioned by Genworth Canada. Genworth is the largest private mortgage insurer in Canada. Toronto’s condo market is expected to “cool slightly but avoid the collapse […]

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 […]

How a homebuyers’ ‘bellwether’ is buoying optimism in Canada’s housing market

Genworth MI Canada Inc. and Home Capital Group Inc. reported profits that beat analysts’ estimates as low interest rates drive demand for Canadian homes. More than half of Canadians in a new survey are putting extra effort into repaying their mortgages — saving tens of thousands in interest payments. Find out more Genworth, the country’s […]

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

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 […]

Can you afford a home in these cities? – Ask a Vancouver Mortgage Broker

Housing affordability is a national disaster that begs further investigation. The average national resale home price in May: $416,584. The annual gross income needed to afford that price based on a 5-per-cent down payment and a five-year mortgage: $89,363. The estimated median family employment income: $68,692. In that $20,671 shortfall is the considerably, but not […]

Canadian housing market on brink of downturn: report – Ask a Vancouver Mortgage Broker

Canadian housing market on brink of downturn: report Economist David Madani is reviving a prediction he first made three years ago — that what now appears to be a soft landing for Canada’s real estate market is likely to take a turn for the worse. Economist David Madani is reviving a prediction he first made […]

Toronto tops for speedy home sales: How does your city measure up? – Consult with a Vancouver Mortgage Broker

Calgary might have the hottest housing market in the country right now, and Vancouver’s might be the priciest, but Toronto is tops when it comes to the speed with which homes are selling. The homes that sold in the Toronto area last month were on the market for an average of 20 days. Homes that […]

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