Four months after its official launch, CMHC’s First-Time Home Buyer Incentive had funded just 4% of its three-year goal, according to new data provided by the agency.
Following a challenging 2018, by most accounts 2019 could be characterized as a “turnaround year” for Canada’s housing market. And 2020 is looking to bring much of the same.
Preliminary housing starts data for October 2018 are pointing to a national market that is steadily slowing down due to pressure from various factors, according to the Canada Mortgage and Housing Corporation (CMHC).
“The national trend in housing starts declined for a fourth consecutive month in October, which leaves the trend at its lowest level since February 2017,” CMHC chief economist Bob Dugan stated in the starts report.
An annual survey of mortgage customers has found that most are financially stable and are happy with their lenders and brokers. CMHC’s Mortgage Consumer Survey
CMHC released its quarterly Housing Market Assessment for the St. John’s area, Friday October 26th. The message “There are no significant signs of overheating, price
Conditions of overvaluation are easing nationwide and there is improvement in the vulnerability of the hottest markets. CMHC has published its latest Housing Market Assessment
In its latest annual Mortgage Consumer Survey, the Canada Mortgage and Housing Corporation found that would-be borrowers vastly preferred their brokers to have a deep
The Canada Mortgage and Housing Corporation passed its own stress test, including interest rates rising to the neighbourhood of 7%. “We could withstand around 7%
