CMHC
CMHC predicts Okanagan housing market will remain flat for the next two years
By Kimberly Davidson Anchor/Reporter
Home sales in Kelowna dropped 21 per cent in 2018, and according to the Canadian Mortgage and Housing Corporation’s (CMHC) Spring Housing Forecast, sales will remain flat for the next two years. Continue reading
Foreigners prefer newer condos in Metro Vancouver: study
By Emily Lazatin Reporter
A Canada Mortgage and Housing Corporation economist says 10.4 per cent of condos in B.C. have at least one non-resident owner. Continue reading
CMHC says it wants every Canadian in an affordable home by 2030
An estimated 1.6 million Canadian households are considered in “core housing need,” meaning that people live in places that are too expensive for them or that aren’t really suitable for them. Continue reading
NDP Leader Jagmeet Singh proposes new housing measures
By Jon Azpiri Online News Producer
NDP Leader Jagmeet Singh is outlining how his party would bring home ownership into reach for more young Canadians. Continue reading
Mortgage stress test has adverse effect on Saskatoon’s housing market
The Saskatoon Region Association of Realtors says there are some signs the city’s housing market could be rebounding. Continue reading
Another indication of the high cost of land in Metro Vancouver
By Emily Lazatin Reporter
‘The average assessed value is $300,000. In Vancouver that number jumps up to $1.9 million,’ said Andrew Scott, CMHC senior analyst. Continue reading
Economic factors preventing Edmontonians from home ownership: CMHC
High unemployment, high interest rates and low disposable income are preventing more Edmontonians from buying a home and are turning to renting instead. Continue reading
Overbuilding, especially condo apartments, is still a problem in Calgary: CMHC
Tough economic conditions are continuing to impede Calgarians from home ownership, as more completed units remain unsold, a CMHC assessment said. Continue reading
Home sales, prices continue to slide in Saskatoon
SRAR said a decline in active listings could help prices rebound in Saskatoon’s housing market; CMHC downgrades concerns on overbuilding. Continue reading
Canada’s housing market remains vulnerable: CMHC report
CMHC says vulnerability is high in Hamilton, Toronto, Vancouver and Victoria, where the housing market has cooled but property prices remain high. Continue reading