These lucrative, private debt agreements for real estate projects often promise attractive annual returns
American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn. The Federal Reserve said Tuesday that U.S. industrial production at factories, mines and utilities shot up 1% in April from March, the biggest gain since February 2014. Factory production rose 1% […]
About half of first-time buyers consider home ownership a wise financial decision
Foreign nationals who don’t live in Toronto and its surrounding communities will pay an additional 15% tax on homes under legislation proposed by the Ontario government. Ontario Premier Kathleen Wynne made the announcement Thursday in an effort to cool a hot housing market in Canada’s largest city. It matches the 15% tax the Pacific coast […]
Potential measures could target flippers and foreigners.
High housing prices in Toronto and Vancouver will make the next recession in Canada deeper and longer, CIBC economists say. “[A] correction in house prices in Ontario and B.C. might well lop off a few decimal places from growth through softer consumer spending, in addition to a direct hit to residential construction,” Avery Shenfeld, chief […]
Moody's Investors Service has released a report that identifies Canada as one of four triple-A-rated countries that are exposed to a potential housing market correction.
The annual pace of housing starts increased more than expected in March and hit its highest level since September 2007. The Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of housing starts for March came in at 253,720 units, up from 214,253 in February. Economists had expected a reading of 215,000 for […]
Toronto home prices continued their unabated climb last month, the city’s real estate board said Wednesday in what could serve as a prelude to the critical spring homebuying season in the country’s hottest housing market. The average selling price for all properties in the Greater Toronto Area jumped from $688,011 to $916,567 over the last […]
Housing experts and economists are trying to determine why prices continue to creep up.