We have assembled a collection of thought provoking articles, reports, surveys, industry information, and other interesting content for your enjoyment.
by Yvonne von Jena | June 19, 2018
The way consumers go about buying and selling real estate is changing in the US. Consider these three businesses, which have launched innovative and possibly disruptive models.
by Yvonne von Jena | June 15, 2018
Canada Mortgage and Housing Corporation (CMHC) released its latest Ontario Housing Market Insight report, which looks at home price trends and whether the province is currently in a corrective or price bust phase. Based on CMHC’s fundamental and technical analysis, it says that there is a low likelihood of a serious price correction in Ontario.
by Yvonne von Jena | June 7, 2018
If you're on the hunt for a summer recreational home, be prepared to spend more. According to a new survey by Royal LePage, the average price is expected to rise 5.8% by the end of September.
by Yvonne von Jena | June 5, 2018
According to the latest outlook from the International Monetary Fund (IMF), Canada's economy is facing "significant risks" including the risk of a sharp correction in the housing market. The IMF also provides various policy recommendations for mitigating this domestic housing risk, including continued tightening of monetary policy, focus on supply-side policies and loan-to-income limits.
by Yvonne von Jena | May 30, 2018
The Québec Federation of Real Estate Boards (QFREB) has published an interesting study that shows the proportion of residential properties that sold for more than the asking price in Quebec and how it has risen over the past year in each of the province’s six census metropolitan areas (CMAs) – i.e. Montréal, Québec City, Gatineau, Sherbrooke, Trois-Revières and Saguenay.
by Yvonne von Jena | May 16, 2018
According to a recent report by the CD Howe Institute, the cost of housing in Canada has increased dramatically in recent years. Using data from RPS, the institute calculated that the price of single-detached dwellings more than doubled from January 2005 to the end of 2016. This increase is attributed to recent policies such as taxes on foreign buyers or new federal mortgage rules, which have focused on curtailing housing demand, rather than taking meaningful steps to increase the supply.
by Yvonne von Jena | May 14, 2018
New housing developments are popping up everywhere in Calgary; from the city centre to the inner-city and even in the suburbs. Altogether, about 6,600 homes are being built in the next few years. Many of these are condos, as condo developers bet that Calgary's economy is on the rise. The expectation maybe not back to boom times, but towards one of sustained growth and a much more highly developed skyline.
by Yvonne von Jena | May 11, 2018
The interest rate used by the Bank of Canada for mortgage stress testing went up by 20 basis points last week to 5.34% from 5.14%, where it had been since mid-January of this year. It has now gone up five times since last May, when it stood at 4.64%. The impacts of this will affect mortgage affordability as well as home prices due to market supply and demand.
by Yvonne von Jena | May 7, 2018
Residential real estate and mortgage players such as realtors and others, are raising concerns about the impact that the home cultivation of cannabis will have on property values.
by Yvonne von Jena | May 4, 2018
Rising floodwaters across New Brunswick have caused evacuations, property damage, and the closing of a large section of the Trans-Canada highway between Moncton and Fredericton.