A strategic partnership between insurance and tech firm Valeyo and credit information provider Equifax has been announced.
Month: December 2018
Three interest rate hikes in 2019 — that’s what economists have been predicting for months, as part of the Bank of Canada’s ongoing strategy to keep the country’s inflation levels in check. But, according to one economist, that plan may have changed.
Canada’s new construction housing market could be hitting a wall, thanks to higher interest rates: TD
There was a slight increase in Canadian housing starts in November, the second month of strong activity for the homebuilding sector. But according to economists, the solid performance could hit a wall in 2019.
Mortgage stress test vs. high interest rates: which has impacted the Canadian housing market more?
The Canadian government should begin to ease on the much-tightened mortgage regulations introduced at the beginning of this year, as these rules have already fulfilled their mandate of moderating housing markets.
Consumer confidence among Canadians has reached a 12-month low, with grimmer expectations surrounding the economy and real estate prices, according to the latest poll conducted by Nanos Research Group for Bloomberg.
CIBC Economics says that it may be necessary for the BoC to ease back from its confident stance of increasing rates to a 2.5-3.5% range, a range that CIBC believed was too aggressive even then.
With just a few weeks remaining in the final quarter of 2018, it’s time to consider how the Canadian housing market is faring as we speed towards 2019.
Canadian home sales fell 1.6 percent month-over-month in October, the second month of falling activity for the housing market.
Previously well performing markets saw sales declines, including a 2.9 percent drop in Montreal and a 16.8 percent decline in Hamilton, according to the latest data release from the Canadian Real Estate Association (CREA).
There have been plenty of deterrents for Canadian first-time home buyers this year, from stricter mortgage qualification rules rolled out in January to three interest rates hikes throughout the year. But according to a new survey, the majority haven’t given up on the dream of homeownership.
Concerns about the environment, coupled with the growing demand of investors for responsible investing, is helping to drive the move towards green building.
A new survey of more than 2,000 building professionals from 86 countries reveals that 47% expect that most (60%) of their new projects will be green by 2021.
Faced with higher interest rates and tougher mortgage qualification rules, many Canadians have turned to the new condo market as a more affordable shot at homeownership. One property type that hasn’t been as attractive? Townhouses.
A sustained elevation in residential prices has slowed down new townhouse sales in Canada’s top markets, according to the latest market analysis by the Altus Group.
This has become especially evident in markets where significant numbers of buyers are moving away from single-detached properties due to these assets’ pricing.
While there have been plenty of predictions about where the Canadian housing market might be headed in the new year, it’s important to take stock of where activity levels stand today. Without the proper context, even the best forecasts from industry experts can be difficult to fully grasp.
With this in mind, Livabl has collected 10 stats about the market, covering everything from the slowly warming Toronto housing market to new homes sales numbers, luxury home prices, and more.