Canadian housing starts increased in 2015 thanks to Toronto’s condo market
The Canada Mortgage and Housing Corporation (CMHC) released its latest housing starts report, announcing that Canadian housing starts trended lower in December 2015, but total starts for the year increased. Across Canada, the trend measure of housing
Condo and detached housing starts in Toronto trending higher
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for October 2015, announcing that condominium and single-detached starts in Toronto trended higher.For all of Canada, housing starts were trending at 206,089 units,
CMHC Reports Stable Housing Starts for 2014
Recently, the Canada Mortgage and Housing Corporation (CMHC) posted a report predicting stable housing starts and rising MLS prices and sales for 2014. High employment and migration continue to be the main pillars supporting the Canadian housing
6 things you need to know about Toronto’s housing market
Ben Myers, Senior VP, Market Research & Analytics, Fortress Real Developments, recently released The Market Manuscript Fall 2017. With an extensive background as an analyst, consultant, mortgage agent, and builder, Myers provides an in depth look at
Toronto housing still at risk of overvaluation
The Canada Mortgage and Housing Corporation (CMHC) released its latest Housing Market Assessment (HMA) and Housing Market Outlook (HMO), declaring that overall Canadian markets are “highly vulnerable” with evidence of overvaluation and price
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
Canadian Condo Starts Expected to Decrease
The Canada Mortgage and Housing Corporation (CMHC) recently announced that Canadian housing starts were trending at 197,747 units in September 2014, which is a slight increase to the trend measure of 191,095 in August.A six-month moving average of
Limited resale listings pushing more buyers to the new home market
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for July 2016, announcing that starts are trending higher across Canada.Last month, the trend measure was 201,936 units, compared to 197,847 in June. The trend is a
Should You Invest in a New Condo?
In a 2012 report (the most recent reliable numbers I could find), Canada Mortgage and Housing Corporation (CMHC) reported that total investor-owned condos represent about a quarter of all condo units, but that only includes units rented through MLS, not
Toronto still highly vulnerable as Canada’s housing market improves
In the Canada Mortgage and Housing Corporation’s quarterly Housing Market Assessment, the overall condition of Canada’s housing market moved from high risk to moderate risk, mostly due to an easing of price acceleration.
