BMO will be increasing the rate guarantee period for mortgages from 90 days to 130 days.
Canada's largest real estate board says home sales in the Greater Toronto Area fell nearly 35% year-over-year in February, as selling prices dropped.
One in four Canadians say that if interest rates continue to rise, they'd struggle to pay their mortgages
Groundbreakings on new homes jumped 9.7% last month in the U.S.
Canadian house prices rose 0.3% in January, finds the Teranet–National Bank House Price Index. But the gain wasn’t broad-based: only four of the 11 constituent cities recorded increases in the month. Read: Explain new lease agreements to residential landlords in Ontario The main contributor was Vancouver (+1.2%), followed byVictoria (+1.0%), Toronto (+0.2%) and Montreal (+0.1%). […]
The Canadian city with the largest economic upswing in 2017 was Hamilton, Ont., finds National Bank’s metropolitan economic momentum index (MEMI). The MEMI gauges economic growth in census metropolitan areas, with an emphasis on their fiscal capacity. Hamilton’s MEMI rose 5.1% on a year-over-year basis in Q4, buoyed by employment gains and non-residential construction. Read: […]
The trend in housing starts was 226,777 units in December 2017, compared to 226,178 units in November 2017.
Home sales in Toronto last year were down 18.3% from the record set in 2016
Housing affordability eroded in Canada for a ninth consecutive quarter, according to RBC Economics Research, reaching the worst level since 1990 and breaking records in specific markets. RBC’s housing trends and affordability report calculates the share of household income required to carry the costs of owning a home at market price. The number rose to […]
Toronto, Vancouver, Montréal, Halifax, Victoria and Gatineau have non-resident ownership shares above 1% of the condominium apartment stock.