CMHC Housing Starts for February 2014
The Canada Mortgage and Housing Corporation (CMHC) released its report on February’s housing starts in Canada, with figures that stay true to last month’s prediction of a stabilization throughout 2014.For February 2014, housing starts in Canada were
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
Toronto housing market no longer at risk of overvaluation
After a lengthy period of high vulnerability in Toronto’s housing market, it finally looks like things are starting to ease up, according to the Canada Mortgage and Housing Corporation’s latest Housing Market Assessment.
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
Will Canada’s housing markets moderate in 2016 and 2017?
The Canada Mortgage and Housing Corporation (CMHC) has released its Fourth Quarter 2015 Housing Market Outlook, Canada Edition, announcing that the country’s housing markets should moderate over the next couple years.“In 2015, increased housing market
How to deal with moving back home
Living at home is no longer taboo. Tuition and transportation are enough to leave a post-grad millennial with depleted funds and a defeated attitude. Paying astronomical rent or mortgage fees on top of these expenses can transform some wallets into
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
Buying a detached home and the importance of patience
I have a confession to make - I’m slightly conflicted about the state of the Greater Toronto Area’s housing market. Is there actually an affordability crisis? Does the mortgage stress test actually need to be adjusted?
Condo construction slows down through the summer
The Canada Mortgage and Housing Corporation (CMHC) released its national housing starts data for August 2016, announcing that starts trended lower last month due largely to a slowdown in condo construction.The trend measure for housing starts in August
CMHC Cooling the Housing Market
On the morning of August 6, 2013, the Globe and Mail published an article online about the Canadian Mortgage and Housing Corporation (CMHC) making a move to “take the steam out of the housing market.”The big changeUnder the National Housing Act (NHA),
