Canadian home sales down in January
2/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020. ...
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2/13/2020 | Posted in Rental Market by Jessi Sandhu
The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001. ...
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Focus on housing supply, not the mortgage stress test, says Scotiabank CEO
2/5/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The chief executive of the Bank of Nova Scotia says Canada’s housing market needs more supply, not a major change to the mortgage stress test. ...
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Canadian home sales inch lower in December
1/15/2020 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019. ...
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Canadian housing starts trended lower in December
1/10/2020 | Posted in Canadian Housing Market by Jessi Sandhu
There was a decline in the 6-month moving trend in Canadian housing starts in December. ...
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CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test
1/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ...
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Expect a seller's market this year
1/7/2020 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
The lack of housing supply is expected to remain a pressing concern this year as Canada moves further to a seller's market, market watchers say. ...
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Canadian mortgage performance to remain stable in 2020
12/18/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings. ...
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Canadian home sales edge higher in November
12/16/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued to edge higher in November 2019. ...
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Canadian housing starts were flat in November says CMHC
12/10/2019 | Posted in New Developments by Jessi Sandhu
There were some slight increases but the 6-month trend was essentially unchanged ...
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Townhouses lead growth in rents
12/1/2019 | Posted in Rental Market by Jessi Sandhu
The annual increase in Canadian rents was not consistent across property types. ...
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CMHC's Siddall Defends Policies, Provides Update on the FTHBI
11/22/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ...
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2019 was a turning point for Canadian housing market says RBC
11/21/2019 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
As the end of 2019 approaches, RBC Economics says the year will go down as “the turning point for Canada’s housing market.” ...
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Canadian home sales hold steady in October
11/15/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were unchanged from September to October 2019. ...
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RBC: Canada's housing market is fairly robust despite some issues
11/7/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The Canadian housing market showed that it was “fairly robust” in October according to the latest market report from RBC Economics. ...
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Mortgage stress tests boosted Canada's financial stability: CMHC
11/6/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Tighter mortgage regulations are making Canada’s housing market less risky, according to the government agency responsible for its oversight. ...
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CMHC expects housing market to recover in next 2 years after declines
10/24/2019 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
After sales, new builds declined this year and last, housing agency expects prices to exceed 2017 peak by 2020. ...
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Canadian home prices see modest gains in September
10/22/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Teranet-National Bank index shows prices slightly increased both on a monthly and annual basis. ...
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Ownership registry to help stamp out money laundering in housing
10/21/2019 | Posted in Canadian Housing Market by Jessi Sandhu
This is the best place to start in fighting off the influence of illicit foreign money. ...
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CREA predicts stronger home sales for 2019 and 2020
10/2/2019 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Upward adjustments came amid a more relaxed B-20 stress test ...
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Low interest rates are the market's lifeline during tougher times
9/25/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
Employment figures had a major influence on the market's dynamics. ...
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Home sales expected to rebound in 2019, 2020 but only to average
9/17/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Canada’s population and employment growth, coupled with an expectation of enduring low interest rates, means home sales are forecast to improve over the next year or so. ...
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Canadian home sales edge higher in August
9/16/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up in August 2019. ...
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CMHC reports annual pace of housing starts climbed 1.9 per cent in August
9/10/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The pace of new housing starts in August climbed 1.9 per cent compared with July as the housing market rebounded from its recent slowdown. ...
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Soaring House Prices Could Return As Interest Rates Head To Zero: BMO
8/10/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes. ...
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Canada house prices to pick up from stand-still but risks aplenty
8/22/2019 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Canadian house prices will be flat this year, but will pick up in 2020, driven by lower mortgage rates and solid domestic economic conditions, according to economists and property ...
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Canadian home sales gain as lower rates help offset stress test
8/16/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home sales gain as lower rates help offset stress test ...
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Canadian home sales rise in July
8/15/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up in July 2019 compared to June. ...
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Canadian housing starts trended higher in July
8/14/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 208,970 units in July 2019, compared to 205,765 units in June 2019, according to Canada Mortgage and Housing Corporation (CMHC). ...
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Canada's Housing Market Now Well-Balanced
7/31/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Housing in Canada is in “well-balanced territory” after a government tightening of mortgage-lending rules intended to cool a market that had become overheated, Royal ...
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