Category: Real Estate

Home Sales & Prices Won’t Fully Recover Until 2022, Says CMHC

Home Sales & Prices Won’t Fully Recover Until 2022, Says CMHC

Significant drops in employment in Canada’s major cities will keep downward pressure on housing demand, with sales and home prices not expected to rebound to pre-COVID levels until 2022, according to CMHC’s latest Housing Market Outlook. “Short-term uncertainty will lead to severe declines in sales activity and in new construction,

january-calendar

2019 – Year in Review

As we turn the page on 2019, we wanted to take a look back at how mortgage rates fared as well as some of the key themes in mortgage news over the year.

canadian-mortgage

Canadian housing is on a healthy streak after 2.5 years in dangerous territory

Overvalued, overbuilt, overheated — all of these terms have been used to describe the potential danger that the Canadian housing market has found itself in at various points over the last few years.

The post Canadian housing is on a healthy streak after 2.5 years in dangerous territory appeared first on Livabl .

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East Coast Mortgage Brokers is Newfoundland and Labrador’s premier mortgage company. Founded in 2010, we work with Canada’s top lenders to ensure our clients get the best deal for their mortgage.