Canadian home sales will fall to 9-year low next year, CREA forecasts
December 17, 2018 - National home sales are projected to fall to a near decade low in 2019, as rising interest rates and strict mortgage stress-test rules continue to put a damper on homebuyer sentiment, according to the Canadian Real Estate Association.
The...
What's Driving Canadian Homebuyers?
March 14, 2018 - Mortgage rule changes and increasing interest rates—surprisingly—weren’t the top motivators for prospective homebuyers in 2017, according to a new survey from the Canada Mortgage and Housing Corporation (CMHC).
Instead, the 2018...
Housing starts end 2016 on positive note
January 10, 2017 - ATB Financial's Economics & Research Team - Housing construction is one of The Owl’s favourite indicators of the health of the economy—it gives both a gauge of consumer confidence and a forward-looking indication of retail spending...
Canadian housing starts trend increases in September.
October 20, 2016 - The trend measure of housing starts in Canada was 199,503 units in September compared to 196,465 in August, according to Canada Mortgage and Housing Corporation (CMHC).
The trend is a six-month moving average of the monthly seasonally...
Canadian Real Estate Association says home sales volume down 1.3% in July, with Vancouver responsible for the cooling
September 01, 2016 - OTTAWA — The Canadian Real Estate Association says July marked the
third consecutive month of fewer home sales, as the Vancouver market
slowed.
The association said Monday the number of transactions fell 1.3 per
cent nationally...
Pace of new Canadian home construction eases in July, CMHC says, but still beat expectations
August 19, 2016 - OTTAWA — The pace of new Canadian residential construction eased last
month following an unusually robust June, but still held up stronger
than expected.
Canada Mortgage and Housing Corp. says the seasonally adjusted rate
of housing...
These were Canada’s biggest real estate stories of 2015
January 06, 2016 - A year in review of the housing market across Canada for 2015. From calls for a Canadian housing market correction to Bank of Canada interest rate adjustments, and the dominance of the Vancouver and Toronto markets — these are among...
Mr Poloz says, negative interest rates may be an option in Canada
December 10, 2015 - Stephen Poloz may take the lead from other countries and put the benchmark rate below zero in efforts to stimulate the economy. This is only a possibility and does not mean that he has any intention in doing so currently. However...
Canadian home prices are growing at one of the fastest paces in the world
October 15, 2015 - The increase in Canadian home prices in the second quarter of 2015 ranked among the largest gains in global real estate markets, a Scotiabank study said Thursday.
With an 8.2 per cent rise year over year, Canada registered the fourth...