Overbuilding A Sign Housing Correction ‘Already Happening'

CP/HuffPost Canada | Posted 01.28.2016 | Canada Business

Toronto's housing market is flashing red warning signs, but Vancouver's has only a "moderate" risk of overly high prices.

Canadian Housing Starts Take A Dive

CP/HuffPost Canada | Posted 01.12.2016 | Canada Business

Housing starts fell at their fastest rate in three years in December.

Buying a Condo? Walk A Little To Save A Lot

Wayne Karl | Posted 01.07.2016 | Canada
Wayne Karl

If you're planning on buying or renting a condo, here's an important lesson: purchase prices and rents will be higher the closer you are to major transit hubs such as subway stations. Sure, it's convenient to be located adjacent to a subway stop, but it'll cost you. How much? You'd be surprised.

New Mortgage Rules Won't Stop A Motivated Borrower

Douglas Hoyes | Posted 12.17.2015 | Canada Business
Douglas Hoyes

New limits may force more borrowers to approach alternative lenders as a source for financing and may increase the percentage of parents taking out a second loan on their own home to help their adult children move into the housing market.

Ottawa's New Down Payment Rules Aren't Necessarily A Bad Thing

Samantha Brookes | Posted 12.16.2015 | Canada Business
Samantha Brookes

Newly appointed Finance Minister Bill Morneau grabbed lots of headlines last week with the announcement that the Liberal government was imposing more stringent down payment requirements for buying a home. The move is meant to take the air out of the still-hot housing markets of Toronto and Vancouver, and it may well do that.

Liberals May Hike Minimum Mortgage Down Payment: Report

The Huffington Post Canada | Daniel Tencer | Posted 12.02.2015 | Canada Business

A prominent mortgage expert says the federal Liberal government is considering raising the minimum down payment needed to get a government-insured mor...

$35 Oil Would Cause House-Price Collapse: CMHC

The Huffington Post Canada | Daniel Tencer | Posted 12.01.2015 | Canada Business

Canadian house prices would drop 26 per cent on average if oil fell to $35 a barrel and stayed there for five years, says the CEO of Canada Mortgage a...

Calgary Rental Vacancy Rate Quadruples

The Huffington Post Alberta | Sarah Rieger | Posted 11.02.2015 | Canada Alberta

Canada's national vacancy rate average for urban centres is 3.3 per cent.

Experts Expect Housing Market To Cool In The Next Two Years

CP | Craig Wong | Posted 10.26.2015 | Canada Business

Canada's housing market has been helped by low interest rates in recent years.

Housing Construction Trending Down In Alberta, Says CMHC

CP | John Cotter, The Canadian Press | Posted 10.08.2015 | Canada Alberta

The largest decline is in single-detached homes, where construction is down 39 per cent.

CMHC Investigating Foreign Ownership Of Canadian Homes

CP | Alexandra Posadzki, The Canadian Press | Posted 09.24.2015 | Canada Business

TORONTO — Data indicating how much of Canada's real estate is being snatched up by foreign buyers is scant, but the country's national housing agen...

Canada's Largest Homebuilder Sees ‘Scary' Future For Mortgage Rates

The Huffington Post Canada | Daniel Tencer | Posted 08.15.2015 | Canada Business

Low interest rates have driven Canada’s housing markets to new heights in recent years, but the president of Canada’s largest homebuilder is conce...

CMHC Says Toronto, Other Cities At High Risk Of Housing Correction

CP | The Canadian Press | Posted 08.13.2015 | Canada Business

TORONTO — A new report from the Canada Mortgage and Housing Corporation says Toronto, Regina and Winnipeg face a high risk of a housing correction...

Amid Bad Economic News, Home Construction Keeps Booming

CP | The Canadian Press | Posted 07.09.2015 | Canada Business

OTTAWA - The pace of new housing starts picked up in June and came in better than expected, defying a recent trend of disappointing economic news.Cana...

Can Home Construction Revive Canada's Economy?

CP | Craig Wong, The Canadian Press | Posted 06.08.2015 | Canada Business

OTTAWA - The pace of new home starts picked up in May as the housing sector showed surprising strength Monday, giving economists hope for the second q...

The Secret Lives Of House Poor Canadians

CBC | Posted 05.26.2015 | Canada Business

They look like the family that has it all. Louise Edgerton, her partner, John Camus, and her 10-year-old daughter, Fianna, joke around while making br...

$2M For A Back Yard? Single-Family Homes Going Extinct

The Huffington Post Canada | Daniel Tencer | Posted 05.25.2015 | Canada Business

Construction of single-family homes in Canada’s largest cities is rapidly disappearing, the result of land shortages, changing policies and changing...

Oil And Non-Oil: CMHC Sees Housing Market Divide

CP | The Canadian Press | Posted 05.25.2015 | Canada Business

OTTAWA - Lower crude prices are expected to help contribute to a split in the Canadian housing market that will see oil-producing provinces slow but o...

Read This Before Borrowing To Buy A Cottage

CP | Craig Wong, The Canadian Press | Posted 05.22.2015 | Canada Business

OTTAWA - Whether you call it a cottage, a cabin or a camp, when the temperature begins to rise, the dreams of sitting on the dock at a place of your o...

Foreign Homeowners In Canada Need To Be Tracked: B.C. MP

CBC | Posted 05.19.2015 | Canada British Columbia

Burnaby MP Kennedy Stewart is calling for Statistics Canada and the Canada Mortgage and Housing Corporation (CMHC) to dig into the numbers on foreign ownership.

Mortgage Insurance Hikes Could Hurt First-Time Home Buyers

CP | Alexandra Posadzki, The Canadian Press | Posted 06.07.2015 | Canada Business

TORONTO - Realtors and economists say higher mortgage insurance premiums introduced recently by Genworth Canada and CMHC could cause first-time homebu...

Major Mortgage Insurer Hikes Premium

CP | The Canadian Press | Posted 06.06.2015 | Canada Business

TORONTO - Genworth Canada says it will be increasing the premium for some of its mortgage insurance, starting June 1, matching a move announced last w...

Mortgages Are About To Get More Expensive For Some Canadians

CP | The Canadian Press | Posted 06.04.2015 | Canada Business

OTTAWA - Canada Mortgage and Housing Corp. is raising mortgage insurance premiums for homebuyers with less than a 10 per cent down payment by about 15...

Home Construction In Canada At Lowest Level In Six Years

CP | Posted 03.09.2015 | Canada Business

OTTAWA — The rate of new home construction in Canada slowed in February to its slowest pace since July 2009, with much of the country caught in a de...

CMHC Sees Housing Market Slowdown This Year

CP | Posted 02.06.2015 | Canada Business

OTTAWA _ The Canada Mortgage and Housing Corp. says it expects housing starts in 2015 will dip slightly compared with last year, but remain broadly in...