Ontario was the only province to see an increase in housing starts last month
The Canada Mortgage and Housing Corporation (CMHC) released its national housing starts report for August 2015, announcing a large increase in construction activity in Ontario. Housing starts in Canada trended at 196,565 units in August 2015, compared to
Toronto housing market still at risk of overvaluation
The Canada Mortgage and Housing Corporation (CMHC) released its latest Housing Market Assessment (HMA) report for Canada and 15 census metropolitan areas. The HMA finds “strong overall evidence of problematic conditions” in Toronto, as well as Winnipeg,
CMHC Housing Starts for November 2013
The Canada Mortgage and Housing Corporation (CMHC) recently released its report on November 2013’s housing starts statistics.According to CMHC, housing starts in Canada were trending at 194,014 units in November. This is a six-month moving average of
Now’s the time to remember why Toronto is so special
These are strange days. Particularly in the wake of the savage attack in Quebec City and two shootings in 24 hours downtown, it’s hard to sit here and pretend that real estate matters, or mortgage rates matter. At the end of the day, it’s only people who
Strong risk of overvaluation in Toronto and Hamilton
The Canada Mortgage and Housing Corporation (CMHC) released its quarterly Housing Market Assessment (HMA), announcing that overall, Canada’s housing markets are showing “strong evidence of problematic conditions.”The overall problematic conditions are
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
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
These tips will help you stick to your monthly budget
With the price of housing steadily on the rise with no signs of slowing down, it seems more important than ever to stick to your monthly budget. Whether you’re saving for your first home, paying off a mortgage, or content renting, the high cost of living
Canadian housing starts increased in 2016
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts data for December 2016, announcing that national starts declined, mostly due to the slowing down of multi-unit construction. The trend measure was 198,053 units, compared to
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
