According to a Mortgage Professionals Canada study, there was an 8% decline in new home construction investment through the first quarter of 2019 when compared to the average between 2015 and 2017.
The challenges for Canada’s homebuyers will be the focus when mortgage professionals meet with officials in Ottawa this week.
National Bank’s latest study of 10 major Canadian housing markets suggests affordability improved in the first quarter of the year as income growth outpaced home prices — and it looks like more relief is on the way.
A panel of leading Canadian economists have opposing views on longer-term and shared equity mortgages.
According to data compiled by Ratehub.ca, the spring buying season is the best time of year to get a competitive rate from A lenders.
At long last the Canadian housing market appears to be shaking off the effects of the mortgage stress test.
The Bank of Canada will make two interest rate cuts during 2019 according to Capital Economics.
Builders across Canada reported flat or declining prices for new homes according to Statistics Canada.
If you’d asked a big bank economist last year where interest rates were headed in 2019, they’d probably have said they were going up.
Earlier this week Bank of Canada Governor Stephen Poloz called on banks and other lenders to offer more innovative mortgage products, namely longer-term mortgages.
The governor of the Bank of Canada suggests it won’t be long before the country’s housing market has bounced back and starts growing once again.
The first full month of spring saw homebuilding activity in Canada surprise housing market analysts with a show of strength, suggesting the Canadian market might be on the upswing once more.
The stress test continues to be the focus of much research, with new data released recently on the full extent of its impacts on the housing market.
The latest reading of Canada’s economy brings both good and bad news for the housing market.
Earlier this week, the federal government announced the launch of a new program which will help even more Canadians enjoy affordable home ownership – specifically, by assisting providers of shared equity mortgages.
There are few things more Canadian than a weekend at the cottage, but given the leisure property’s appreciation potential, shielding it from capital gains taxes is imperative.
Today’s mortgage broker is an evolved breed, taking on mentorship duties to get clients into better financial standing.
Very few home buyers have the cash available to buy a home outright. Most of us will turn to a
The Toronto Raptors didn’t just unite an entire city by winning their first NBA Finals — they lent a hand to the Canadian economy during their historic run.
Following a huge run-up in prices over the last several years, housing has become very expensive in many of the country’s key markets.
The Bank of Mom and Dad isn’t just financing an increasing number home purchases as affordability issues persist in Canada’s major cities.
A substantial fraction of the Canadian population is getting help from parents just to cover rent costs, a new survey commissioned by FP Canada suggests.
New analysis from a leading economist puts the recent Canadian housing downturn in perspective by comparing it to previous booms and busts of the last 30 years.
Canadian mortgage borrowers have been waiting years for this moment.
This week the Bank of Canada’s qualifying rate declined, something that hasn’t happened since 2016.
The rate fell to 5.19 percent from 5.34 percent the previous week.
The benchmark posted 5-year fixed rate, which is used for stress-testing Canadian mortgages, fell yesterday in its first move since May 2018.
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