After a month of waiting to see how the new mortgage stress test would affect the Canadian housing market, the results are in. According to the Canadian Real Estate Association, … [read more]
It would have been hard to imagine not long ago, but Vancouver’s single-family home market is on the verge of a downturn. In fact, prices have already started to fall. … [read more]
Canadian home sales took a dip last month, as the housing market adjusted to a new mortgage stress test for uninsured borrowers. But according to one house price index, prices … [read more]
Toronto and Vancouver’s real estate markets have responded to surging prices and a growing demand for homes with a supply of new housing that is “significantly weaker than other Canadian … [read more]
A 225-page report that involved 18 academics and a full-press push from Canada Mortgage and Housing Corp. (CMHC) staff has come up lame in suggestions on how to tamper high … [read more]
Canadian home prices have been climbing for years, but with the introduction of new mortgage rules and January’s Bank of Canada rate hike, will prices continue to rise in 2018? … [read more]
Vancouver, BC – February 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,306 residential unit sales were recorded by the Multiple Listing Service® (MLS®) … [read more]
According to the Real Estate Board of Greater Vancouver, demand is high for condominiums and townhomes across the region, a sharp comparison to detached homes. January listings were comprised of … [read more]
The new year brought with it a cooler housing market, as sales dropped in the first month of 2018. But things aren’t as bad as they might first appear, according … [read more]
Canadian home prices have been on the rise for years, and according to a new report from the Canada Mortgage and Housing Corporation (CMHC), there’s a clear reason why. “Large … [read more]
New condo sales reached sky-high levels across Canada in 2017, with the most units sold, by far, in the Greater Toronto Area (GTA). The GTA wasn’t the only market to … [read more]
Single-detached homes in Vancouver are now less expensive than condos… based on a price-per-square-foot (PPSF) basis, at least. In January, the average PPSF of a detached home in the city … [read more]
Foreign investment made plenty of headlines in 2017, as record prices in the GTA market pushed the Ontario government to introduce a foreign buyer tax. But how are foreign buyers … [read more]
Prospective homebuyers say they won’t be jumping into the Canadian housing market anytime soon if interest rates continue to rise. According to the Canada Mortgage and Housing Corporation’s (CMHC) 2018 … [read more]
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