Lethbridge’s High Level Bridge is one of iconic places recognized in its 10th place ranking of best small cities in Canada for 2022.
3 Alberta communities make list of Canada’s best small cities
Canada’s mortgage rates are rising — if you are thinking of buying, make sure you talk to your broker and lock your rate in.
The February data is just another entry in a now eight-month streak of record-breaking sales activity and head-spinning price gains.
Prices to keep soaring in Canada’s undersupplied housing market: Scotiabank
Despite the lockdown measures in place in many regions across the country, Omran wrote in a recent research note that the “stronger-than-expected trend” in the Canadian housing market carried over from 2020 and into 2021.
The epicentres of household growth will likely shift soon from Ontario and British Columbia to the Prairies.
Is household formation peaking in Canada’s hottest real estate markets?
“Even by the slowest measure, a rise in household formation is expected,” Better Dwelling said. “However, traditionally high growth markets should begin to peak right around now. Replacing them as growth leaders are places with younger families.”
While the change may seem daunting, buyers still have ways to shape up in the eyes of the CMHC — or dodge the agency entirely.
How to get around Canada’s harsh new mortgage rules
The Canadian Mortgage and Housing Corporation, or CMHC, announced plans in early June to reduce borrowing limits, demand higher credit scores and restrict down payments for anyone who needs default insurance from the agency. That kind of insurance is mandatory for “high-ratio” buyers putting les…
Here’s what’s happened.
Canada’s largest bank is forecasting mortgage defaults are still coming, just a little later. RBC is forecasting rising defaults in Q3 or Q4 of 2021. The reason? Programs like EI, CERB, and CRB have delayed defaults.
You might want to consider diving into the world of real estate investment.
How to take advantage of Canada’s growing real estate prices
The world economy may be in shambles, but the Canadian housing market is showing few signs of it. It’s actually doing quite well these days. So much so, that you might consider diving into the world of real estate investment.
The move would make it harder for riskier borrowers, who offer down payments of less than 20 per cent, to access CMHC’s default mortgage insurance.
Canada’s mortgage insurer tightens rules as it forecasts home-price drop of up to 18%
'COVID-19 has exposed long-standing vulnerabilities in our financial markets, and we must act now to protect the economic futures of Canadians'
