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CMHC releases foreign condo investment stats
Tuesday, December 16, 2014
In a first for CMHC, the Crown corporation has asked property managers to disclose the percentage of units owned by foreign investors as part of its Rental Market Survey.
Baby boomers not causing a housing downturn after all
Tuesday, December 16, 2014
Historical predictions of an oversupplied housing market caused by a mass exodus of baby boomers from their residential homes have been debunked by a new study.
CMHC fee increases could add hundreds of dollars to mortgage cost
Monday, December 15, 2014
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.
November turns cooler, even in the hottest markets
Monday, December 15, 2014
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.
Scotiabank breaks from the pack with interest rate prediction
Monday, December 15, 2014
Most economists forecast that the first interest rate rise will be in the second half of 2015, possibly in the fall.
CREA Updates Resale Housing Forecast
Monday, December 15, 2014
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.
Canadian home sales hold steady in November
Monday, December 15, 2014
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.
Canada household debt-to-income ratio hits a record high
Monday, December 15, 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.
Canada among the world’s hottest property markets
Thursday, December 11, 2014
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.
Canada's housing market projected to increase 2.5% in 2015, according to RE/MAX
Wednesday, December 10, 2014
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%).
Housing market could be overvalued by as much as 30%: Bank of Canada
Wednesday, December 10, 2014
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.
Bank of Canada maintains overnight rate target at 1 per cent
Wednesday, December 3, 2014
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Joe Oliver wants to lower taxpayer exposure to the housing market — but there’s no specific plan to do it
Thursday, November 27, 2014
TORONTO — Finance Minister Joe Oliver says Ottawa won’t be making any protective moves in Canada’s housing market.
Despite spiking house prices, ownership became slightly more affordable in the third quarter, says RBC
Wednesday, November 26, 2014
TORONTO — Home ownership became more affordable in Canada in the third quarter despite a broad spike in home prices, according to the latest survey by RBC Economics.
Modest amount of overvaluation in Canadian housing markets: CMHC
Monday, November 24, 2014
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.
Condos make up more than half of housing starts in Canada’s biggest cities: CMHC
Thursday, November 20, 2014
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.
Housing bubble begone. Turns out we just might need all those new condos and houses
Wednesday, November 19, 2014
Are we really overbuilding, constructing too many condominiums and creating too much sprawl? A new report maintains we need that housing more than ever.
No letup seen in Canadian and Toronto housing markets
Wednesday, November 19, 2014
The Canada Mortgage and Housing Corp. projects average Toronto housing prices to continue increasing through 2016, nudging closer to $600,000.
As Average House Price In Canada Hits Record High, Analysts Say The Party's Over
Monday, November 17, 2014
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.
Canadian home sales edge higher in October
Monday, November 17, 2014
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.


Harvey Kalles Real Estate Ltd., Brokerage
2145 Avenue Road - Toronto, Ontario, M5M4B2
Phone 416-441-2888       Fax 416-441-9926

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