CMHC : Strong evidence of overall problematic conditions despite some housing markets showing signs of improvement in Canada
Conditions in Canada’s housing markets are showing some signs of improvement but the official overall rating from the Canada Mortgage and Housing Corporation (CMHC) will be held at “strong evidence…
Canada’s CMHC releases updated road map to homeownership
Canada Mortgage and Housing Corporation (CMHC) has released a guidance –Homebuying Step by Step– for Canadians which seeks to demystify the process of buying a home in Canada. It’s been revised to…
Housing affordability continues to deteriorate in Canada
Despite cooling home resale activity overall, housing affordability deteriorated further across all markets in Canada in the third quarter of 2016, according to the Housing Trends and Affordability Report issued…
Canadian housing starts trend held steady in November, says CMHC
The trend measure of housing starts in Canada was 199,135 units in November compared to 199,641 in October, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a…
Foreign investment in residential real estate in Metro Vancouver 1.3 pct of total sales since tax
Foreign purchasers were involved in 1.8% of the 5,150 residential property transfers in Metro Vancouver in September, accounting for 1.8% of the total value of properties transferred in that period,…
New condo developments in Toronto : Lago Condos
Lago Condos is being developed by Mattamy (Monarch) Limited in Lake Shore Boulevard West, Toronto. The development is composed of 436 units with 50-stories.It is expected to complete in 2016….
Canadian home prices rise 2.3 percent in June
According to The Teranet–National Bank National Composite House Price Index, Canadian home prices rose by 2.3% in June thanks to monthly gains in ten of the eleven regions covered. Vancouver…
Lago Condos by Mattamy Homes in Toronto
Lago Condos is being developed by Mattamy (Monarch) Limited in Lake Shore Boulevard West, Toronto. The development is composed of 436 units with 50-stories.It is expected to complete in…
Overvaluation detected in Canada housing market, says CMCH
Overvaluation is detected in nine Census Metropolitan Areas (CMAs) and overbuilding in seven, according to the latest Housing Market Assessment (HMA) released by the Canada Mortgage and Housing Corporation. Nationally,…
Canadian housing starts decrease in January
According to Canada Mortgage and Housing Corporation (CMHC), Canadian housing starts was 199,169 in January compared to 203,304 in December. The trend is a six-month moving average of the monthly…