CMHC Cautions Canada’s Housing Market Overheated, Highly Vulnerable

According to Canada Mortgage and Housing Corporation, a potent combination of factors, including home price growth acceleration and continued overvaluation and stagnant labor incomes, has created a high level of vulnerability in Canada’s housing market. Original story In its latest quarterly Housing Market Assessment, CMHC stated that “high vulnerability at the national scale is largely […]

Canadian New Home Prices Increased in August

OTTAWA– The August increase in Canadian new house prices continues the upward trend that started in the spring 2020. Statistics Canada reported Tuesday that August saw a 0.7% increase in new house prices in Canada. New house prices rose 12.2% compared to a year earlier. According to the Canadian Real Estate Association, existing home sales […]

Home Prices Rising Across Canada – Affordability has been a Major Issue

Inflation rates are at their highest level in nearly 20 years, as a result of the COVID-19 pandemic affecting global supply chains and rising consumer demand. With home prices rising across Canada, affordability has been a major issue in the federal election campaign. To solve what is being called Canada’s housing crises, it will be […]