OTTAWA - The Canada Mortgage and Housing Corp. said there is a modest amount of overvaluation in the country's housing markets, however other risk factors such was overheating, price acceleration, and overbuilding are not present.
OTTAWA — Condominiums accounted for more than one-third of all Canadian housing starts last year, and more than half of the total in several of the country’s biggest cities, the Canada Mortgage and Housing Corp. says.
The average price of a home in Canada hit another all-time high in October, rising 7.1 per cent over the past year to just short of $420,000. But economists at Canada's major banks caution — as they have for some time now — that current house price trends can't continue.
Ottawa, ON, November 17, 2014 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged higher on a month-over-month basis in October 2014.
Canada Mortgage and Housing Corp. has released a new report with everything you could possibly want to know about projected sales and prices across the country, forecasting a “steady” showing nationwide next year, followed by “some moderation” in 2016.
Canadians’ ability to weather a downturn in the housing market is much lower now than in the past because of their “constrained liquidity,” says the president of the Canada Mortgage and Housing Corporation.
The World Architecture Festival took place in Singapore earlier this month, handing out nearly three dozen awards for the most innovative, unique buildings and structures being built or planned around the world today.
Canada's housing market is in Goldilocks mode — not too hot and not too cold, except in Toronto and Calgary which are “bucking the trend of moderation” now taking hold in major cities from Halifax to Montreal and Winnipeg, says a quarterly house price survey from Royal LePage.
The housing boom is now over for most Canadian cities, with the exception of the “Hot 3” — Toronto, Vancouver and Calgary — which are unlikely to see a downturn until interest rates tick upward, according to a new housing report from BMO Economics.
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