Budget Fails To Address Key Housing Affordability Issues – Again

YPNextHome | Posted 03.27.2017 | Canada Business

Budget 2017 proposes to invest more than $11.2 billion over 11 years in a variety of initiatives designed to build, renew and repair Canada's stock of affordable housing, and help ensure that Canadians have affordable housing that meets their needs. But so far it fails to address key market-related issues - again.

It's A Different Kind Of Spring Season This Year In Real Estate

YPNextHome | Posted 03.23.2017 | Canada Business

Spring has sprung, and while spring season is normally an occasion to celebrate, with days growing longer, weather getting warmer and real estate heading into busy season, everything feels a little different this year. Canada's real estate markets are dealing with myriad of issues.

Small Cities Boom As Canadians Ditch Pricey Metro Areas: Census

CP | Alexandra Posadzki, The Canadian Press | Posted 02.08.2017 | Canada Business

Out-migration can spell trouble for cities like Toronto and Vancouver.

CMHC's Early Warning System Raises Red Flags On Canadian Housing

CP | Alexandra Posadzki, The Canadian Press | Posted 01.26.2017 | Canada Business

5 Canadian housing markets show strong evidence of "problematic conditions."

Mortgage Insurance Is About To Get Costlier

CP | The Canadian Press | Posted 01.17.2017 | Canada Business

The change will add $5 a month to the average mortgage payment.

Ottawa Is Flirting With A Policy Disaster

Will Dunning | Posted 12.23.2016 | Canada Business
Will Dunning

The objective of that policy is to reduce mortgage lending. It means that a potential home buyer who can comfortably afford the costs of buying a home (based on their actual mortgage interest rate, which will usually be less than three per cent) might not be able to get financing, because of a new, very high "stress-test" hurdle (using an interest rate that is currently 4.64 per cent, and far above actual market rates).

Don't Scapegoat Foreigners For Canada's Housing Woes: CMHC

CP | Laura Kane, The Canadian Press | Posted 12.01.2016 | Canada Business

Foreign buyers aren't the major factor driving up house prices, Evan Siddall says.

Can Ottawa Deliver On National Housing Strategy?

YPNextHome | Posted 11.29.2016 | Canada Politics

Canadians spoke loud and clear. They want a strong, collaborative national housing strategy to facilitate housing for those most in need, address the unique challenges facing indigenous peoples, eliminate homelessness, make housing more affordable and improve data collection, analysis and research.

Vancouver Neighbourhood Records 0% Vacancy Rate

The Huffington Post Canada | Daniel Tencer | Posted 11.29.2016 | Canada Business

It's getting harder and harder to rent in Toronto, but easier elsewhere.

Top 10 Places To Invest In Canada

YPNextHome | Posted 11.23.2016 | Canada Business

With search terms such as "How to move to Canada" and "How to become a Canadian citizen" skyrocketing on Google during and after the election, Canada is on Americans' radar now more than ever. Now might be a good time to buy investment real estate.

'Drunken Brew' Of High House Prices, Debt Threatens Canada: CMHC

CP | Alexandra Posadzki, The Canadian Press | Posted 11.19.2016 | Canada Business

Head of federal mortgage insurer calls for higher down payments.

Sudden Interest Rate Hike Could Tank House Prices 30%: CMHC

CP | The Canadian Press | Posted 11.17.2016 | Canada Business

It's just a "stress test," not a prediction.

Building A National Housing Strategy Is Easier Said Than Done

YPNextHome | Posted 11.01.2016 | Canada Business

The next several weeks are crucial in Canada's housing market. Ottawa's Let's Talk Housing initiative wrapped up consultations in late October, and is now working toward tabling the results on Nov. 22. But for anyone expecting a full-on housing policy on that date -- best not hold your breath.

Get Used To Living In Smaller Homes, Canadians

The Huffington Post Canada | Daniel Tencer | Posted 10.26.2016 | Canada Business

CMHC finds evidence of trouble in eight Canadian housing markets.

CMHC Issues First-Ever 'Red' Warning For Canadian Housing

CP | Alexandra Posadzki, The Canadian Press | Posted 10.17.2016 | Canada Business

High levels of debt plus rising house prices result in economic contractions, warns CMHC CEO.

Rising Costs And Stagnant Wages Leave B.C. Wallets In Sorry State

Dermod Travis | Posted 09.15.2016 | Canada British Columbia
Dermod Travis

According to the Canadian Payroll Association's survey of employed Canadians released in advance of this week's festivities, 53 per cent of British Columbians reported that "it would be difficult to meet their financial obligations if their pay cheque was delayed by even a single week."

Forget The 'Canadian' Housing Market – It Doesn't Exist

YPNextHome | Posted 08.19.2016 | Canada Business

When you buy a home, you don't buy a national market, or even a provincial, regional or municipal one. You buy one property in a local market. What's happening in your area could be completely different from that in another province, or certainly at the other end of the country.

CMHC Issues Red Alert For Vancouver Real Estate

The Huffington Post Canada | Jesse Ferreras | Posted 07.27.2016 | Canada Business

The CMHC also flagged Toronto, Calgary, Saskatoon and Regina in its red zone.

Is B.C. Forgetting About Its Renters?

Dermod Travis | Posted 06.17.2016 | Canada British Columbia
Dermod Travis

With so much of the attention focused on Victoria's tent city and Vancouver's skyrocketing home prices in the housing debate, one group is left hollering, "Hey, what about us?" That group is all of the Province's renters, and it's a group worth listening to.

Canada's Home Insurer Is Clawing Back Its Real Estate Exposure

The Huffington Post Canada | Jesse Ferreras | Posted 05.10.2016 | Canada Business

It wasn't long ago that Canada's public home insurer was reaching the maximum of what it could provide.

Toronto And Vancouver Condo Markets Show Signs Of Stability

YPNextHome | Posted 04.13.2017 | Canada Business

Much like last year's Canada Mortgage and Housing Corp.'s condo survey, which showed that investment condos owned by locals in Toronto and Vancouver are a long-term commitment with the objective of generating rental income, this year condominium investors display stable characteristics over time.

Is A Ban On Foreign Buyers The Right Solution To Canada's Housing Crunch?

Ben Myers | Posted 03.31.2017 | Canada Business
Ben Myers

The most commonly repeated explanation for the price surge last year and into 2016 is an increase in foreign buyers, especially Chinese buyers looking to launder their ill-gotten funds. Anecdotal evidence of this happening is at record high, but actual data to support it is severely lacking.

5 Reasons You Should Buy A Home In 2016

YPNextHome | Posted 03.01.2017 | Canada Business

Why is 2016 a good year to buy a home in Canada? Let us count the ways. While there are no guarantees, in short, real estate in Canada is a proven performer over time. Sure, Vancouver and Toronto have shown the most spectacular historical growth, but even unsung markets in eastern Canada have performed well over time.

A Look At Canada's Housing Performance Over Time

YPNextHome | Posted 02.23.2017 | Canada Business

Strong historic home price growth might be an expected result, given that real estate is a proven performer over the long term. But looking at price growth in these four-year windows from now to 1984 shows some pretty staggering appreciation.

Why Canada's New Mortgage Rule Won't Cool Overheated Markets

CBC | Posted 02.11.2017 | Canada Business

The majority of the impact will fall on first-time buyers.