The federal government currently backstops mortgages insured by the Canada Mortgage and Housing Corporation (CMHC) as well by private mortgage insurers, meaning taxpayers are ultimately on the hook for a share of losses. Our analysis indicates that a low-probability severe housing crash could result...
Toronto, Canada. Read more on the Toronto Housing Market, Toronto Condo Market, Toronto new construction reports and on the fears of a housing market crash in the GTA. Toronto is becoming a major tech hub, fueling a high demand for housing. The 5 year a
Buying a House inCalgary Maybe this is just a Toronto thing. Let’s go to a city that has seen its housing market really fall on tough times as a result of the oil collapse, PLUSrent has actually gone up over the last year. The average rent in Calgary is roughly $1,200andthe avera...
Those at the cusp of retirement, by contrast, are heavily exposed: retirement savings are then at their peak and there is little time to adjust work, saving, and retirement plans in response to the market crash. This concentration of risk is highly troubling, as the 401(k)-IRA system has...
The housing market of oil-boom-and-bust town Calgary experienced a blistering boom in 2005 to mid-2007, along with the oil boom. When the price of oil collapsed, the housing market went south. Then there was another oil boom and the index reached a new peak in October 2014, at the ti...
Considering Vancouver had already been rated the second-least affordable housing market byDemographia, this recovery was hard to understand. As I continued to watch the market, I tried to look for an explanation. Other than the usual housing bubble rationalizations — everyone wants to live here,...
28-dec (12:06)New board chair announced for Realtors Association of Edmonton amid competitive housing market(Edmonton Journal Local) 28-dec (12:03)Calgary Skyview MP George Chahal joins growing chorus of Liberals calling for Trudeau to step down(CTV News: Politics) ...
But a slowing housing market is dampening growth and raising fears of a U.S.-style crash. Dustin Kroft, owner of Rent-a-Son moving company in Toronto, said he has “that sort of pit in your stomach” feeling after seeing an estimated 17% fall in sales in March. “It has been a ...
In Victoria, house prices jumped by 2.1%, “decelerating” from the jumps in the prior three months that topped out at 3.6% in June. Year-over-year, the index soared 21%. The housing market had flattened from 2018 until the BoC went nuts in March last year. ...
US housing: bad and getting worse The figures are set to get worse, said Nils Pratley in The Guardian; in July and August, mortgage lending “virtually came to a halt”. Credit conditions are tightening “for all but the most basic mortgages”, as Lex said in the FT, and high levels...