I find the title slightly misleading, but the article on CTV News talks about a steady new housing market in 2015 and a slightly decreased one in 2016. Some of those expected causes include: a slowdown in the pace of construction, the shrinking poll of young, first-time buyers due to slower population growth, rising housing… Read more »
Category: mortgage information
News and commentary on mortgages and real estate related matters.
There is a recent article in the Globe and Mail that discusses the ability of the Australian government to track their housing market statistics better than Canada’s government. From the article:
I came across an article on the Mortgage Broker News website today briefly covering the US housing market conditions. “Sales of new single-family homes in the US surged by 18.0 per cent to 504,000 annualized units in August 2014 to mark the highest level since May 2008,” a report from RBC Economics, published Wednesday, states…. Read more »
In my article yesterday, I had alluded to a story on the news about up to 25% of downtown Vancouver condo units being vacant. On the Georgia Straight website, there is an article also about this, and about a mayoral candidate that is campaigning to have vacant condos subject to a higher property tax. The… Read more »
There is an article on the Financial Post website today which quotes the CEO of CMHC saying that CMHC are evaluating restructuring the mortgage insurance risk exposure which could include the sharing of risk with mortgage lending institutions.