Spring Openings a Huge Success in the GTA
As we are about halfway through the second quarter of the year, Trimart Research Corporation is forecasting continued and steady sales growth for the GTA’s and Southern Ontario’s new low-rise market. According to Canada Mortgage and Housing Corporation,
It pays to buy green: You can now save more money buying an energy efficient home
The Canada Mortgage and Housing Corporation (CMHC) just announced that it is increasing the premium refunds for energy efficient homes. “CMHC is committed to fostering energy-efficient housing in Canada,” says Steve Mennill, Senior Vice President,
Problematic housing conditions in Canada are getting worse
The Canada Mortgage and Housing Corporation (CMHC) just released its latest Housing Market Assessment (HMA), announcing that overall Canada’s problematic housing conditions have shifted from weak to moderate. CMHC has found evidence of overvaluation and
CMHC Predicts Housing Starts to Stabilize Through 2014 and 2015
By Penny MunozThe latest report from the Canada Mortgage and Housing Corporation (CMHC) predicts that Canadian home builders will likely decrease the number of housing starts in the next couple years as demand from first-time buyers declines and interest
In Debt: A Cautionary Tale
Here’s a little story about a gigantic bank.A friend of mine has a mortgage for $260,000 on a house worth about $350,000, with one of the Big Banks. Her name is the only one on the title, but by agreement at separation, she will owe her ex $70,000 (most
Toronto Sees the Most Condo Starts in the CMA
The Canada Mortgage and Housing Corporation (CMHC) released its April 2015 report of national housing starts, announcing a slight increase compared to March 2015.In April, Canada’s housing starts were trending at 179,299, compared to 179,114 the previous
Canadian Housing Starts Dip in March 2014
The Canada Mortgage and Housing Corporation (CMHC) released a report on March 2014’s housing starts in Canada, showing decreases across the board (almost).Housing starts in Canada were trending at 184,476 units in March 2014, compared to 191,126 in
Rising Rates May Have a Snowball Effect
Not that anyone wants to think about snowballs just now, but industry analyst Will Dunning, chief economist for the Canadian Association of Mortgage Professionals, says in a recent post that a rise in interest rates could quickly translate into
Housing starts take a downward turn in Toronto
The Canada Mortgage and Housing Corporation (CMHC) released its May 2016 housing starts figures, announcing that the national trend declined last month. In May, Canadian housing starts trended at 191,000 units, down from 194,950 in April. The trend is a
How are homeownership and unemployment connected?
Evan Siddall, chief executive of Canada Mortgage and Housing Corporation (CMHC), told a Bank of England audience last week that we should be thinking about raising down payment requirements for insurance-backed loans. Since 1998, the Canadian government
