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 04.12.2016 | 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 03.30.2016 | 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 02.29.2016 | 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 02.23.2016 | 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 02.11.2016 | Canada Business

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

Will Canada's New Down Payment Rules Affect You?

YPNextHome | Posted 02.10.2016 | Canada Business

By this time next week, you will no longer be able to buy a home in Canada priced at more than $500,000 with a five-per-cent down payment. Big deal or no deal? It seems to depend on what market you're in.

Canadian Housing Starts Keep Falling

CP | The Canadian Press | Posted 02.08.2016 | Canada Business

Economic slowdown on the Prairies takes a bite out of housing construction.

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 10.26.2016 | 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 09.24.2016 | 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...