Here are the most recent archived news stories posted for Moving In Canada:
Calgary housing starts expected to dip
The Conference Board of Canada predicts widespread housing starts declines over the short term across the country, including Calgary.
In releasing its Metropolitan Monthly Monitors report on Monday, the board said housing starts were down in 13 of 27 markets on a year-over-year basis in November.
Besides the Calgary census metropolitan area, the board listed the following centres as having negative short-term expectations: Oshawa, Toronto, Hamilton, Kitchener-Waterloo, Windsor, Winnipeg, Regina, Victoria and Abbotsford.
Consumer debt levels too high to maintain the current rate of real estate consumption
Canada: Moreover, 70 per cent of the audience consider Canadian house prices are currently overvalued by up to 15 per cent. The audience was also asked their thoughts on recent mortgage legislation in which an overwhelming majority, 98 per cent, believe that the new rules will have a dampening effect on residential real estate markets.
Windsor ranks among top three Canadian cities for real estate investors
Canada: A new report calls Windsor the third best city in Canada for real estate investment returns — topping Toronto and Vancouver.
Analysts at SpendTree, a Canadian start-up company, looked at residential investment returns for 34 Canadian markets between 2010 and 2015, considering both home appreciation and income potential from renting.
Fed chair Yellen tells Canadian homeowners to watch out: Don Pittis
Canada: The financial analysts think they have it figured out. After listening to U.S. Federal Reserve chair Janet Yellen's speech and her wily answers to questions from reporters, the consensus seems to be that a rate rise is coming later this year — the first one probably in September
Canada's housing boom sparks spinoff mini-booms
Canada: Canada’s housing boom is rippling through to related sectors, from renovations to gardening.
As The Globe and Mail’s Tamsin McMahon reports, the latest statistics show home sales climbing in May to their highest in about five years, and average resale prices rising by more than 8 per cent over the course of a year.
Canadian housing sector faces downside risk: Scotiabank real-estate report
Canada: "Toronto’s housing market is correcting in the wake of affordability pressures, inventory build, changes to mortgage insurance rules and more cautious lending policies," writes Scotiabank economist Adrienne Warren
Canadian housing market among most overvalued in the world: OECD
Canada: Canada has one of the most overvalued housing markets in the world, according to a new global report, which adds to the ongoing debate about whether it’s a bubble set to burst.
The Organisation for Economic Co-operation and Development (OECD) says Canada, alongside Norway and New Zealand, are among the countries where houses “appear overvalued but prices are still rising.”
The report says house prices are considered overvalued if the price-to-rent ratio and the price-to-income ratio are above their long-term averages.
As Toronto’s housing market cools, Montreal posts record home sales
ON: In May, Montreal home sales were up 15 per cent
from 2016, sparking concerns that Toronto’s new
tax is creating a spillover effect to Canada’s
second largest city.
Starts skyrocket in Airdrie
AB: Housing start totals in Airdrie saw a 96 per cent upswing to start the year, compared to 2011 activity, says the Canada Mortgage and Housing Corp. (CMHC)
Low vacancy and low interest rates drive multi-family housing starts in Kelowna
Canada: Demand for new homes in the Kelowna area continues to be strong, especially for multi-family dwellings such as townhouses and condo units. According to the Canada Mortgage and Housing Corporation’s spring 2015 outlook, the combination of a low vacancy rate and low interest rates is driving this year’s housing starts