Mortgage rules to push housing lower: CMHC



Housing starts and sales will fall more into line with “demographic fundamentals” this year and next, according to the latest housing outlook from the Canadian Mortgage and Housing Corporation.

The crown agency said it expects housing starts will range between 166,600 to 192,200 units in 2011, with a point forecast of 179,500. That’s a slight di ...

Home construction to slow in 2012



MONTREAL - Home construction is expected to dip slightly over the next two years in Quebec, but a growing economy and new arrivals to the province will continue to buoy the housing market, the CMHC said today.

The Canadian Mortgage and Housing Corp. said it’s expecting 45,500 starts in 2011 for Quebec, followed by 44,000 starts in 2012, mostly in the categ ...

Some new Montreal condos built to crumble

National Bank’s unusual mortgage partner: real estate agents

Competition is heating up in the mortgage business as a result of tightened government policy, and one of Canada’s major banks is turning to an unusual source to generate business: real estate agents.

Louis Vachon, the chief executive of National Bank of Canada, told analysts Thursday that relationships with real estate agents are ...

Canada housing prices risk slide, report finds

The Organization for Economic Co-operation and Development's twice-a-year economic outlook report said the world economy is in an uneven recovery and confronting far more ...

Home prices continue upward climb

What is a certificate of location and who is responsible for it?

Canadians load up on mortgages, cut card debt

 

Canadian consumers continue to pile on mortgage debt despite repeated warnings that they need to crank back on borrowing if this country is to avoid a painful real estate correction, says the chief executive of Bank of Montreal.

Consumers "have certainly had plenty of opportunity to ...

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Montreal housing sales continue to drop

By Allison LampertTHE GAZETTE May 10, 2011

Montreal-area housing sales dropped for the 12th consecutive month in April, as the market became balanced in certain off-island suburbs.

Photograph by: Marcos Townsend, Gazette file photo

Montreal-area housing sales dropped for the 12th consecutive month in April, as the market became balanced in certain o ...