CMHC predicts that national housing starts will slow in 2016 and 2017
The Canada Mortgage and Housing Corporation (CMHC) released its second quarter Housing Market Outlook (HMO), announcing that they expect housing starts on a national level to slow in 2016 and 2017, and that MLS activity will reflect renewed economic
Is Canada building new housing too quickly?
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for September 2015, announcing a need for inventory management. The trend measure in Canada was 202,506 units, compared to 195,804 in August 2015. The trend is a six
CMHC: Housing Starts Remain Stable Through June 2014
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for June 2014, reporting that housing starts in Canada were trending at 185,939 units. This is a slight increase from the 184,019 units in May 2014.The trending figure
20 grants and loans for first-time buyers in Ontario
Saving a sufficient down payment is tough enough on its own and when coupled with rising interest rates and tough qualification rules – which includes a mortgage stress test– affording a home becomes very difficult for some.
Overvaluation still a big problem for Toronto’s housing market, says CMHC
The Canada Mortgage and Housing Corporation (CMHC) released its latest Housing Market Assessment (HMA), announcing that overvaluation and overbuilding is still prevalent in Canada’s major housing markets. Toronto CMA’s housing market is showing
Soaring GTA house prices affecting neighbouring areas
The Canada Mortgage and Housing Corporation (CMHC) says in its latest Housing Market Insight (HMI) report that they detect “moderate or elevated evidence of overvaluation” in Hamilton and communities (barely) within commuting distance of the GTA. They
Genworth Canada: Home Improvement Tips
One of the largest mortgage insurers in the country, Genworth Canada, recently posted a variety of videos illustrating helpful tips for homebuyers and homeowners. Today, we are featuring their video titled “Home Improvements.”The challenges behind home
New Low-rise Market Defying Expectations
With housing starts continuing strong through July (according to Canada Mortgage and Housing Corporation) and the new low-rise market currently making strides, the industry is “defying market expectations of a gradual cooling in activity,” says Trimart
What goes down must come up
By Sam ReissSince some tough changes to mortgage rules this past summer, it has indeed looked like our white-hot market is cooling. I give it about a year of modest price adjustments, and suggest to all those looking to move up the property ladder that
5 ways the homebuying experience has changed in 2016
When it comes to the Greater Toronto Area (GTA) housing market - and Canada as a whole - the homebuying process changed quite a bite this year. From new mortgage rules to new taxes, surprise election results, and advances in technology, buying a home
