CMHC: Housing Starts Plummet 23% in May
The CMHC on Thursday reported that housing starts across Canada decreased by 23% in May, from 261,357 units in April.
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CMHC
CMHC: Mortgage Debt in Canada Surpasses $2 Trillion Amid Economic Headwinds
According to the CMHC’s Residential Mortgage Industry Report, Canada’s residential mortgage debt rose by 6% to $2.08 trillion in January
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Ottawa Relaxes Foreign Home Buyers Rules After Loosely Banning It
Only months after the new laws went into effect, the Canadian government is removing some limitations on foreigners acquiring residential
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CMHC: Housing Starts On The Rise in February
With home sales on the rise, housing starts are also undergoing notable increases, even despite high interest rates. On Wednesday,
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Canada Addresses Real Estate Crisis By… Banning Foreign Ownership?
The Canada Mortgage and Housing Corporation has issued regulations regarding the restriction on foreign homebuyers as the new real estate
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Canadian Housing: CMHC’s Secret Borrowers
The Canada Mortgage and Housing Corporation (CMHC), the Crown corporation responsible for administering Canada’s National Housing Act, like any good
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Oh Deer! Housing in the Headlights
It’s handy to imagine the housing market as a living organism. Various active systems perform their own, specific functions while
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CMHC: Canada Could Face A “Mild Recession” In A 3.5% Interest Rate Scenario
The Canadian economy might be headed for a “mild recession” should the Bank of Canada hike the interest rate more
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CMHC: Canada’s Housing Market Slated to Cool From Historic Highs
Canada’s housing market is expected to recede from the historic highs witnessed throughout 2021, as higher mortgage rates and home
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CMHC: Rental Market Becoming Less Affordable for Canadians
Canada’s rental market continued to recover throughout 2021, as economic conditions improved and strong vaccination rates bolstered a partial rebound
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