Canada Mortgage and Housing Corporation released its Housing Market Assessment report (formerly known as the House Price Analysis and Assessment). The HMA points to strong overall evidence of problematic conditions in Toronto, Winnipeg, Saskatoon and Regina. “The most prevalent issue detected in 11 of the 15 centres covered by the HMA is overvaluation. The evidence of overvaluation … Read more
According to the fourth quarter 2015 issue of the Housing Market Outlook report released by Canada Mortgage and Housing Corporation (CMHC), housing starts in the Montreal census metropolitan area (CMA) will reach 17,000 units in 2016 and 17,400 in 2017. As for Centris(R) sales, they will rise to 38,800 units and 39,500 units, respectively. Call … Read more
The trend measure of housing starts in Canada was 202,506 units in September compared to 195,804 in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “The trend in housing starts is at its highest point since … Read more
Housing starts in British Columbia’s urban areas(1) were trending at 31,696 units in August compared to 31,099 units in July, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)(2) of housing starts. Call 403-515-3012. Housing starts in the Vancouver Census Metropolitan … Read more
Canada Mortgage and Housing Corporation (CMHC) released its second quarter financial report as well as complementary Mortgage Loan Insurance, Securitization, and Covered Bonds Supplements. CMHC provides mortgage loan insurance and securitization guarantee programs to facilitate access to mortgage financing and to contribute to the stability of the financial system. Consistent with our mandate, CMHC is … Read more
Canada Mortgage and Housing Corporation released updated results from its House Price Analysis and Assessment framework, designed to detect the presence of problematic conditions in Canadian housing markets. “Nationally, CMHC continues to detect a modest risk of overvaluation,” said Bob Dugan, CMHC’s chief economist. “However, our overall assessment of the risk of problematic conditions varies from centre to centre due … Read more
Housing starts in the Sherbrooke census metropolitan area (CMA) were trending at 1,349 units in July, compared to 1,545 in June, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts. Call 514-283-7972. Housing starts in the Montreal census … Read more
The Governments of Canada and Alberta are working together to build affordable housing for seniors in Clairmont. A joint investment of some $19.6 million will go towards the construction of 100 units of affordable housing in a new, 150-unit seniors’ complex. The new development will help to meet the present and future needs of low-income … Read more
On behalf of Minister of State (Social Development) Candice Bergen (Portage-Lisgar, Man.), Conservative MP Ray Boughen (Palliser, Sask.) was on hand for the groundbreaking for a new affordable housing project in Regina for families with complex needs. Also in attendance were Saskatchewan MLA Gene Makowsky and Regina Mayor Michael Fougere. The federal and provincial governments, through Canada Mortgage and … Read more
The governments of Canada and Quebec announce the extension to the Investment in Affordable Housing (IAH) agreement, for the period from April 1, 2014, to March 31, 2019. This agreement, which will result in a combined investment of some $577 million over five years, will help improve the housing conditions of many Quebec households with … Read more
