Housing Correction
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Majority of Canadians who don’t own a home have ‘given up’: pollCanadians priced out of the housing market continue to be pessimistic about ever buying a home, a new poll suggests, even as values have declined substantially over the past year.MoneyApr 5, 2023
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Canada’s home prices fell annually for the 1st time since 2008 in Q4, Royal LePage saysNew data from Royal LePage shows aggregate home prices were down 2.8 per cent across Canada in the fourth quarter, with some markets facing steeper declines.MoneyJan 13, 2023
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Steep price drops will bring ‘sanity’ back to housing market in 2023: DesjardinsDesjardins is expecting a deeper correction in Canada's housing market, now calling for a 25 per cent decline in home prices from February's peak to the end fo 2023.MoneyAug 11, 2022
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Ottawa has no future plans to help cool Canada’s housing market, Bill Morneau saysEarlier this month, the government tightened mortgage rules and closed a loophole on home sales, the second time it has acted in the last year to cool a market that some fear has become too hot.ConsumerOct 28, 2016
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Ottawa looks to shift some mortgage loan default risks from taxpayers to banksThe federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the shoulders of taxpayers to lenders, such as the banks.ConsumerOct 21, 2016
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New real estate rules to dampen home sales beyond Toronto and Vancouver, banks sayFinance Minister Bill Morneau announced “three complementary measures designed to reinforce the Canadian housing finance system.”ConsumerOct 4, 2016
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Ottawa needs to cool down Toronto, Vancouver real estate markets, OECD urgesThe OECD says in a report issued today that the possibility of a housing market correction, particularly in Toronto and Vancouver, could threaten the country's financial stability.ConsumerJun 1, 2016
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