housing
Mom-and-pop landlords outpacing big real estate investors: StatCan data
Statistics Canada data indicates that smaller, individual landlords are growing their rental property portfolios at a faster rate than large real estate investment firms in Canada, contrasting with trends observed in the United States.
Canadian Housing Starts Rebound as Rates Stabilize
Housing starts climbed 12% in June as builders responded to steadier borrowing costs. CMHC data showed multi-unit construction leading the gains. Analysts caution the rebound remains below what demand requires.
These are the 15 most affordable cities in Canada, Royal LePage says
A new report from Royal LePage identifies 15 Canadian cities as the most affordable for homeownership, with locations like Lethbridge, Red Deer, Saint John, and Thunder Bay topping the list amidst ongoing cost-of-living pressures.
Why the Iran war is making mortgage renewal feel like a ‘roller-coaster’
Homeowners renewing mortgages this year are advised to monitor three and five-year government bond yields due to concerns stemming from the Iran war, according to a mortgage expert.
Canadian real estate market entering a ‘transition period,’ says CREA
Canada's national home sales remained stable in April, indicating a potential transition period for the real estate market, according to the Canadian Real Estate Association (CREA).
New U.S. home sales have rebounded, but will the jump last?
New U.S. home sales saw a rebound, but the sustainability of this increase is in question as average 30-year fixed-rate mortgages have risen again after a brief dip.
What European housing models could do for Canada’s affordability problems
This article explores European housing models as potential solutions to Canada's housing affordability crisis, noting that these ideas are gaining traction in Canada.
Is rent cheaper living with a roommate? It depends where you live
The cost savings of living with a roommate vary significantly across Canadian cities, with major urban centres like Vancouver and Toronto seeing decreases in per-person rent, while smaller cities are experiencing increases.
Is assuming a mortgage an affordable way into the housing market? What to know
Assuming a mortgage from a seller can offer buyers a way to enter the housing market with a lower interest rate, though it is a niche strategy with specific considerations.
Housing starts in Canada fall 7% in March from previous month, CMHC says
Canada's housing starts decreased by 7% in March compared to February, according to CMHC data, with the seasonally adjusted annual rate dropping from over 260,000 units to just over 242,000.
Annual home prices predicted to rise nearly 10% by end of year: Royal LePage
Royal LePage forecasts a nearly 10% increase in annual home prices by the end of the year, according to their updated housing market outlook.
Buying a home feels out of reach for 76% of non-owners, poll shows
A recent poll indicates that 76% of non-homeowners find purchasing a home unattainable, citing high market prices and difficulties in saving for a down payment as primary reasons.
Home prices could reach new highs by 2026, CMHC report says
A new report from the Canada Mortgage and Housing Corporation (CMHC) predicts that Canadian home prices could surpass early 2022 peaks by 2026.
Hot Calgary real estate market has buyers getting creative
The Calgary real estate market is experiencing a surge, forcing buyers and sellers to make quick decisions.
Stress test: 4 in 5 Canadian mortgage holders worried about payment hikes
A recent survey indicates that a significant majority of Canadian mortgage holders (80%) are experiencing anxiety about potential increases in their mortgage payments when their current terms expire, citing current interest rate levels as the primary concern.
‘Gutted’: Amid rising mortgage rates, B.C. couple sells home to go back to renting
A couple in British Columbia has sold their home and opted to rent due to escalating mortgage interest rates, highlighting a growing concern for homeowners facing upcoming mortgage renewals.
Ottawa making financing cheaper for more builders to spur rental construction
The Canadian government is expanding its financing programs to offer cheaper mortgage rates to more builders, aiming to stimulate the construction of new rental housing units. This initiative is a response to soaring construction costs driven by expensive materials and increasing interest rates.
Variable mortgages cost Canadians tens of thousands amid high rates. Is the risk worth it?
Canadians with variable rate mortgages have faced significant financial strain due to recent interest rate hikes, leading to increased costs and questions about the value of this mortgage type.
‘Increasing demand’ for secondary units as homebuyers grapple with rate hikes
Demand for secondary housing units, such as basement apartments and laneway homes, is increasing across Canada as potential homebuyers face challenges with rising interest rates.