housing market
Bank of Canada lowers rate used in mortgage stress test, making it easier to qualify
The central bank’s five-year benchmark qualifying rate is now 5.19 per cent, down from 5.34 per cent. Continue reading
Housing data reveals ‘growing divergence’ between eastern and western Canada
The latest national home resale figures show sharply diverging trends in different parts of the country. Continue reading
Canadian home sales up 6.7% in May, largest year-over-year gain since 2016
The Canadian Real Estate is upgrading its outlook for 2019, but price growth is still muted in many markets. Continue reading
Most boomers likely won’t downsize for another 20 years — too late for millennials
Millennials, who are starting to have children, need more bedrooms. But boomers, who own many of the bigger homes, aren’t going anywhere. Continue reading
Home sales, prices increase in Hamilton-Burlington in May
The Realtors Association of Hamilton-Burlington says 1,344 homes were sold in the area last month, up nearly 11 per cent over May 2018. Continue reading
Housing sales will decline for 2 years in B.C.: Central 1 Credit Union
The report predicts 2019 will see the fewest sales since 2013. Continue reading
Federal government to ‘co-operate’ fully in B.C. public inquiry into money laundering
By Richard Zussman Online Journalist based at B.C. Legislature
The Federal government is promising support for B.C.’s public inquiry into money laundering but can’t guarantee all federal officials will testify. Continue reading
B.C. government set to release pair of money laundering reports
By Richard Zussman Online Journalist based at B.C. Legislature
The B.C. government will publicly release a pair of reports on Thursday looking into money laundering in B.C.’s housing market. Continue reading
Report finds $5B laundered through B.C. real estate in 2018
By Richard Zussman Online Journalist based at B.C. Legislature
An expert panel looking into money laundering in B.C.’s real estate market has found an estimated $5 billion in ‘dirty money’ was laundered through the housing market in the province in 2018. Continue reading
Canada’s housing market downgraded to ‘moderate’ while Hamilton still ‘vulnerable’: CMHC
The housing market in Hamilton remains “vulnerable,” as do the markets in Toronto, Vancouver and Victoria, B.C., according to Canada Mortgage and Housing Corporation. Continue reading