Ontario housing starts stable thanks to strong demand in new home market
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts data for September 2017, announcing that the trend decreased for the first time in many months. National housing starts trended at 214,821 units, which is slightly lower than
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
Is Toronto’s Housing Market at Risk of Overbuilding?
The Canada Mortgage and Housing Corporation (CMHC) released its updated results of the House Price Analysis and Framework, announcing that Toronto’s housing market is at moderate risk due to overvaluation and risk of overbuilding.The analysis and
CMHC Predicts a Soft Landing for Canada’s Housing Market
The Canada Mortgage and Housing Corporation (CMHC) released its Housing Starts report for April 2014, predicting a soft landing for Canada’s housing market.National housing starts were trending at 183,515 units in April, compared to 184,602 in March.
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?
5 questions move-up buyers need to ask themselves
With the rising price of housing in the Greater Toronto Area (GTA) and surrounding areas and the recent mortgage rule changes, first-time buyers aren’t the only ones struggling. The average price of a new low-rise home in the GTA is nearly $1 million, so
Housing Starts in Toronto Decrease for the First Time in Five Months
The Canada Mortgage and Housing Corporation (CMHC) released its national housing starts data for July 2015, announcing that multiple urban starts are making up for the decline in single-detached starts across the country. The trend measure for July was
Toronto at risk of overvaluation despite slowed price growth
The Canada Mortgage and Housing Corporation (CMHC) released its Housing Market Assessment (HMA), announcing Canada’s housing markets as highly vulnerable for the sixth consecutive quarter, mostly due to strong evidence of overvaluation
Foreign buyer activity on the rise in Montreal
Before the foreign buyer tax was even implemented in Ontario, some overseas investors started looking elsewhere for good opportunities. According to the Canada Mortgage and Housing Corporation (CMHC), Montreal is showing signs of being the next hot spot
Condo Construction Surges in May 2015
The Canada Mortgage and Housing Corporation (CMHC) has released its May 2015 national housing starts report, announcing a surge in condo construction.Last month, housing starts were trending at 181,231 units, compared to 179,524 in April. The trending
