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Total number of new mortgages slumped in Q2: CMHC
TORONTO — Rising interest rates and slower income and population growth helped temper demand for new mortgages in the second quarter, according to Canada Mortgage Housing Corp. The federal housing agency says fewer Canadians opened new mortgages in the...
Modest home price growth expected for 2019: Re/Max, Royal LePage
TORONTO — Home prices across the country are expected to rise in 2019, but only at a moderate pace compared with recent years, according to two of Canada’s largest residential real estate brokerages. Royal LePage is anticipating the national median home...
‘Subdued’ housing market predicted in B.C. through 2021: Central 1 Credit Union
VANCOUVER — A financial services institution is forecasting an ongoing slowdown in British Columbia’s housing market, one day after the Canadian Real Estate Association predicted home sales will continue to dip in the province next year. Central 1 Credit...