Ontario housing starts stay high, Canada trends lower
The Canada Mortgage and Housing Corporation (CMHC) released its national housing starts data for January 2016, announcing that housing starts in Canada trended lower for the month.The trend measure for January housing starts was 199,169 units, down from
No Valentine? Here’s where single buyers can afford a home in Canada
With home prices climbing stratospherically over the last five years and a mortgage stress test now in place, homebuyers are seeing their purchasing power chopped more than ever - especially young families and first-time buyers.
CMHC Housing Starts for December 2013
The Canada Mortgage and Housing Corporation (CMHC) released its first report of 2014, focusing on December 2013 housing starts.Last December, Canadian housing starts were trending at 195,760 units, compared to 196,430 in November. This is a six-month
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
Millennials don’t understand the true cost of buying a home
Canadian millennials may be confident in the housing market, and even in their ability to afford a mortgage, but there’s a good chance many of them don’t understand the cost of buying a home.
Will the GTA housing market experience a slowdown this year?
On the heels of a hot housing market for 2016, Global TV’s finance expert Preet Banerjee thinks we’re going to lose some steam as 2017 progresses. Owing largely to the change in mortgage rules that will mean some buyers lose between 15% and 20% of their
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
CMHC Condo Buyer’s Guide Revised
By Penny MunozIf you’re looking to invest in a condominium, make sure you take a look at the updated Canada Mortgage and Housing Corporation (CMHC) Condominium Buyer’s Guide. The guide sets out to help potential homebuyers determine whether condominium
Building Your New Home Buying Team
As a first time homebuyer, it is important to put together the right team of professionals, so Canada Mortgage and Housing Corporation (CMHC) offers the following who's who list of experts and what they should bring to the table:Real estate agent Among
New detached home construction surging in Ontario
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for February 2017, announcing that new home construction trended upwards with help from Ontario. Last month, Canada was on pace to hit 204,669 units this year. In
