CMHC is to triple the charges it makes to some financial institutions. The fee increases will be for guaranteeing loans in the mortgage-backed securities market, which the agency operates under the National Housing Act.
House prices were down by 0.3 per cent nationwide in November with cooler conditions even blowing through Calgary and Toronto. The latest Teranet-National Bank Home Price Index shows that eight of the 11 major Canadian markets saw prices easing and the national decline was the first for a year.
Ottawa, ON, December 15, 2014 - The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2014 and 2015.
Ottawa, ON, December 15, 2014 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was unchanged on a month-over-month basis in November 2014.
OTTAWA (Reuters) - Canada's household debt-to-income ratio hit a record high in the third quarter of 2014, climbing to 162.6 percent from 161.5 percent in the second quarter, Statistics Canada said on Monday.
Housing prices continue to grow at a red-hot pace in many parts of the world. The Global Property Guide has compiled and analyzed the property price performance of the world’s big economies. We’ve put together a list of the top 16 markets based on year-over-year, inflation-adjusted price performance as of Q3. The chart accompanying each slide shows the year-over-year percentage change in house price.
TORONTO, KELOWNA, BC and LAVAL, QC, Dec. 10, 2014 /CNW/ - Most regions posted modest gains in average residential sale price, despite increased inventory in many of Canada's housing markets. Residential property markets in Toronto, Vancouver and their surrounding areas, as well as Calgary and Edmonton, continued to see prices and sales rise. The greater areas of Vancouver and Toronto saw inventory of single-family houses remain at a record low, while demand continued to climb. Prices in these markets are expected to continue to increase in 2015, by approximately three per cent in the Greater Vancouver Area and four per cent in the Greater Toronto Area. Healthy gains are also anticipated in Kelowna (7%), Victoria (4%), Windsor (5%) and Moncton (6%).
OTTAWA - The Bank of Canada says housing prices could be overvalued by as much as 30 per cent, but governor Stephen Poloz maintains the country's still-chugging real estate market is likely to stay on course for a soft landing.
OTTAWA - The Canada Mortgage and Housing Corp. said there is a modest amount of overvaluation in the country's housing markets, however other risk factors such was overheating, price acceleration, and overbuilding are not present.
OTTAWA — Condominiums accounted for more than one-third of all Canadian housing starts last year, and more than half of the total in several of the country’s biggest cities, the Canada Mortgage and Housing Corp. says.
The average price of a home in Canada hit another all-time high in October, rising 7.1 per cent over the past year to just short of $420,000. But economists at Canada's major banks caution — as they have for some time now — that current house price trends can't continue.
Ottawa, ON, November 17, 2014 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged higher on a month-over-month basis in October 2014.
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