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Canada housing market

  • Homeowners With Billions in Mortgages Face a ‘Trigger Point’ on Default, Says a Federal Memo
    Homeowners With Billions in Mortgages Face a ‘Trigger Point’ on Default, Says a Federal Memo
    Homeowners in Canada are edging closer to mortgage default as many near the “trigger point” on their loans, according to a federal memo to the superintendent of financial institutions. A ...
    March 9, 2024BY Chandra Philip
  • CMHC’s Forecast of 3.5 Million Houses Needed ‘Already Obsolete’ Against Rising Population Growth: CIBC Report
    CMHC’s Forecast of 3.5 Million Houses Needed ‘Already Obsolete’ Against Rising Population Growth: CIBC Report
    Canada’s Mortgage and Housing Corporation’s (CMHC) estimation that 3.5 million new homes are needed by 2030 to retain ...
    February 10, 2024BY Chandra Philip
  • Tale of Two Torontos: Expensive to Live In, Cheap to Visit
    Tale of Two Torontos: Expensive to Live In, Cheap to Visit
    Toronto may be one of the most expensive cities to live in, but it's one of the more ...
    January 26, 2024BY Chandra Philip
  • Toronto May Impose Foreign Buyer Tax on City’s Real Estate
    Toronto May Impose Foreign Buyer Tax on City’s Real Estate
    The City of Toronto may soon have a foreign buyer tax on local real estate, according to a ...
    January 24, 2024BY Chandra Philip
  • Economists See ‘Turning Point’ in Housing Market This Year as Interest Rate Cuts Loom
    Economists See ‘Turning Point’ in Housing Market This Year as Interest Rate Cuts Loom
    January 8, 2024BY The Canadian Press
  • New Housing Prices Dipped in November
    New Housing Prices Dipped in November
    The cost of buying a new home dropped slightly in November, according to Statistics Canada. The national average ...
    December 26, 2023BY Chandra Philip
  • Housing Prices Forecasted to Drop 10 Percent: TD Bank
    Housing Prices Forecasted to Drop 10 Percent: TD Bank
    Housing prices are expected to drop 10 percent over the next several months, according to a newly released ...
    November 24, 2023BY Chandra Philip
  • Two Solutions to Revive Canada’s Housing Market
    Two Solutions to Revive Canada’s Housing Market
    Commentary The Vancouver and Toronto markets, where population centres are geographically confined by virtual urban growth boundaries (UGBs), ...
    November 23, 2023BY Wendell Cox
  • Homes in Vancouver, Toronto More Than 200% Above What Most People Can Afford
    Homes in Vancouver, Toronto More Than 200% Above What Most People Can Afford
    Home prices in many Canadian cities, including Vancouver and Toronto, remain out of reach for average-income earners, according ...
    October 27, 2023BY Chandra Philip
  • Chief Canadian Bank Inspector Warns of Mortgage Payment Shock
    Chief Canadian Bank Inspector Warns of Mortgage Payment Shock
    Canada’s chief bank inspector has warned that homeowners could face rising financial pressure in servicing their mortgages as ...
    October 14, 2023BY David Wiechnik
  • Real Estate Agency Predicts Home Prices Will Stabilize for Rest of 2023
    Real Estate Agency Predicts Home Prices Will Stabilize for Rest of 2023
    Real estate agency Royal LePage's House Price Survey predicts Canadian home prices should remain stable throughout the rest ...
    October 12, 2023BY David Wiechnik
  • Federal Housing Advocate Critical of Profit-Driven Housing Market, Calls for Regulation
    Federal Housing Advocate Critical of Profit-Driven Housing Market, Calls for Regulation
    Canada's federal housing advocate told a House of Commons committee on May 9 that the profit-driven housing market is “harming ...
    May 14, 2023BY Marnie Cathcart
  • Feds’ Housing Strategy Yields Too Few Homes, Government Data Shows
    Feds’ Housing Strategy Yields Too Few Homes, Government Data Shows
    The federal government's housing strategy has only managed to finance the construction of some 106,000 homes since 2019, ...
    May 14, 2023BY Marnie Cathcart
  • Feds Adding Further Exceptions to Foreign Homebuyers Ban: Document
    Feds Adding Further Exceptions to Foreign Homebuyers Ban: Document
    Ottawa is adding further exceptions to a ban introduced earlier this year prohibiting foreign buyers from purchasing residential ...
    April 13, 2023BY Peter Wilson
  • Ottawa Amends Foreign Home Buyers Ban to Increase Exceptions
    Ottawa Amends Foreign Home Buyers Ban to Increase Exceptions
    The federal government has announced several amendments to its ban on foreign investors purchasing non-recreational residential property in Canada that ...
    March 29, 2023BY Peter Wilson
  • Toronto’s House Prices Will Continue to Fall, but Not at the Speed Seen This Spring: RBC Report
    Toronto’s House Prices Will Continue to Fall, but Not at the Speed Seen This Spring: RBC Report
    Despite soaring interest rates that have dampened Toronto's housing market in recent months, a new RBC report says ...
    November 12, 2022BY Isaac Teo
  • Canadian Home Prices Will Fall With Fewer Sales Expected in 2022: CREA
    Canadian Home Prices Will Fall With Fewer Sales Expected in 2022: CREA
    The Canadian Real Estate Association (CREA) is cutting its forecast for home sales this year and lowering its ...
    September 15, 2022BY The Canadian Press
  • Canada’s Housing Market on Verge of a Major Correction, RBC Predicts
    Canada’s Housing Market on Verge of a Major Correction, RBC Predicts
    Canadians can soon expect the largest housing market correction in over 40 years, the Royal Bank of Canada ...
    July 26, 2022BY Peter Wilson
  • PBO, Critics Question Feds’ High Spending Even as Planned Stimulus No Longer Needed
    PBO, Critics Question Feds’ High Spending Even as Planned Stimulus No Longer Needed
    The federal government is continuing its high-spending ways despite the end of its rationale for doing so, say ...
    January 24, 2022BY Lee Harding
  • Toronto and Vancouver Home Sales Continue to Climb in October, Detached-Property Outstripping Other Segments
    Toronto and Vancouver Home Sales Continue to Climb in October, Detached-Property Outstripping Other Segments
    The latest home sales reports show housing demand continued to rise in October, mainly due to a surge ...
    November 4, 2020BY Andrew Chen
  • Stress Test for Borrowers the Latest Hurdle for Mortgages, Canada’s Housing Market
    Stress Test for Borrowers the Latest Hurdle for Mortgages, Canada’s Housing Market
    The residential mortgage market in Canada faces a rocky 2018 as it deals with a new stress test ...
    February 7, 2018BY Rahul Vaidyanath
  • Vancouver’s Foreign Buyer Tax Won’t Make Big Dent in Housing Affordability: Experts
    Vancouver’s Foreign Buyer Tax Won’t Make Big Dent in Housing Affordability: Experts
    VANCOUVER—Experts are expressing doubt a property transfer tax on foreign buyers that took effect Aug. 2 will have ...
    August 3, 2016BY The Canadian Press
  • As House Prices Soar, People Buy With a Little Help From Their Friends
    As House Prices Soar, People Buy With a Little Help From Their Friends
    TORONTO—When Jeremy Campbell purchased a house in Ladner, B.C., with his sister and her husband in 2010, it ...
    April 27, 2016BY The Canadian Press
  • Canada’s Housing Market a Hot Mess
    Canada’s Housing Market a Hot Mess
    The challenges facing Canada’s housing market are getting bigger and more diverse, but the solution may be to ...
    November 17, 2015BY Rahul Vaidyanath
  • Housing Starts in Canada Feeling Winter’s Chill
    Housing Starts in Canada Feeling Winter’s Chill
    Homebuilding in Canada took a sharp turn lower in February as housing starts fell 16.4 percent month-over-month.
    March 11, 2015BY Rahul Vaidyanath
  • Lanterra Developments Propels Toronto Condo Market
    Lanterra Developments Propels Toronto Condo Market
    Lanterra Developments was responsible for 15 percent of Toronto’s total unit sales in 2014, one of the GTA’s ...
    March 9, 2015BY Ryan Starr
  • Milborne Real Estate Satisfies Condo-Hungry Market
    Milborne Real Estate Satisfies Condo-Hungry Market
    High-profile projects, ceaseless migration driving Milborne Real Estate’s success.
    February 17, 2015BY Ryan Starr
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