OTTAWA — A new analysis from the Royal Bank finds home ownership in Canada remains largely affordable, even if there are signs of mild financial stress among indebted families.
Finance Minister Jim Flaherty said steps he took to tighten mortgage lending rules over the past four years have helped to moderate price increases in the nation’s housing market.
TORONTO — A new report suggests nearly half of Canadian homeowners intend to buy a property in the next five years, despite a cooling off in the housing market.
OTTAWA - Canada's housing market is slowing dramatically in terms of both sales and construction, dragging down economic growth and putting some 150,000 jobs at risk in coming years, a mortgage industry association warns in its spring report.
OTTAWA — The Bank of Canada should raise interest rates now because five years of low rates are creating distortions in the economy, such as excessive debt and an overheated housing market, a former advisor to central bank Governor Mark Carney said on Wednesday.
Ottawa, ON, May 15, 2013 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales edged up slightly on a month-over-month basis in April 2013. Activity has generally held to within short reach of current levels for the past nine months. Highlights: National home sales rose 0.6% from March […]
OTTAWA — Finance Minister Jim Flaherty is dismissing fears about Canada’s housing market, saying the current slowdown is welcome news and that there is no need for further government intervention.
One out of every five people in Canada was born in another country, most notably Asia and the Middle East, according to details from a national survey released on Wednesday.
Ever since the U.S. housing bubble burst, it’s no surprise that foreign buyers have flooded the U.S. housing market. Both the Canadians and the Russians are leading the pack, but in different ways.
Construction of new houses and condos slumped almost six per cent across Ontario and eight per cent across the GTA in April over March in the face of softening home sales.
Canada Mortgage and Housing Corp., the country’s national housing agency, is finally on the path to being operated like a significant financial player which it has morphed into during the past decade. A new chairman of the board, a soon-to-be unveiled chief executive and a new reporting structure that will overhaul its operations are the tangible indications of the fundamental changes playing out behind closed doors at the Crown corporation.
Study after study suggests that Canadians are having a tough time paying off their mortgages, as debt levels continue to hit record levels year after year. Why?
Sales of homes across the GTA slipped by 2.1 per cent in April, but prices were up 2 per cent, as the usually hot spring market suffered through another wet, cold month.
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