The Canada Mortgage and Housing Corp. is looking at a new formula to push some of its losses on to financial institutions, essentially forcing them to pay a deductible on mortgages insured with the Crown corporation before claims are paid, according to sources.
Canadian building permits jumped to a surprise record in July, led by Toronto and Vancouver condominiums and apartments, at a time when the central bank says high home prices and indebted consumers remain a key risk to the economy.
Is Canada’s real estate market a bubble? A number of groups are sounding the alarm. Over the past few months, several research organizations, including Fitch, Morningstar, Inc., and the International Monetary Fund have published reports warning about skyrocketing property valuations across the country.
Canadian housing starts bucked forecasts and rose in July, data on Monday showed, but analysts said the recent resumption of the housing market's upward drive is likely to falter if mortgage rates rise as expected heading into 2015.
Most economists and the central bank have predicted that rising prices and near-record debt loads would curb demand for housing. Instead, home resales, prices and starts have climbed after a tough winter
Just like everyone else, Canada’s wealthiest families are looking for three things in a home: location, location, location. Canadian Business magazine partnered with market research firm Environics Analytics to map out exactly where Canada’s wealthiest people live. Unsurprisingly, they flock together, choosing leafy enclaves where they can spread out to make room for wine cellars, art collections, luxury cars and more.
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