Les Twarog Vancouver Real Estate and Condo Blog

[...] Jennifer Paterson Other Most economists agree that interest rates will rise in 2015 – possibly as early as May – but property experts say the ups and downs of [...]

[...] housing outlook for 2016 remains challenging. It said it continues to anticipate a rise in interest rates, which would contribute to deterioration in housing affordability and weigh on housing demand. [...]

[...] hit their peak. There are two key factors that will make this happen. First are rising interest rates. For a long time I have been advising home owners that the market in Toronto will stay on its [...]

[...] sales are projected to ride the 2014 momentum into much of 2015 before anticipated higher interest rates take some steam away towards the latter part of 2015,” CMHC said, adding that population [...]

[...] and the government’s exposure to the housing market,” Oliver told CTV News in late March. “I will continue to monitor the market closely.” The [...]

[...] Quebec contributing most to the national decline. Canada may need to take measures to slow housing market says IMF The International Monetary Fund says that Canada may need to put tougher lending [...]

[...] D’Orazio Other While the Bank of Canada said it’s worried about a potentially overvalued housing market, the country is not about to host the kind of crash that plagued many cities in the United [...]

[...] minimum square footage, concerned that investors will sell off the properties if the housing market starts to slide. “If there’s a downturn in the housing market, is the lender going to [...]

[...] way up in the full year 2014. And, despite sinking oil prices and uncertainty surrounding mortgage rates, analysts and agents alike say this year will hold more of the same.. Late last year, Re/Max [...]

[...] in the Middle East; weaker-than-forecast economic growth in the US; and rising interest and mortgage rates in Canada. Dugan said he believed that the impact of such events in Canada could be “ [...]

[...] ® (MLS®) Systems of Canadian real estate Boards and Associations for 2014 and 2015. With mortgage rates remaining at historic lows since the summer, activity has remained stronger for longer than [...]

[...] lenders have posted record profits in recent years as homeowners took advantage of the lowest mortgage rates in decades, fuelling housing prices and an expanding real estate market. Bank of Canada’s [...]

[...] ” Latif wrote. Under the STIR program, 19 projects resulted in the construction of 1,329 market rental units. That was nearly a five-fold increase in approved rental units when compared to the five [...]

[...] that even with the slowdown in household formation, Canada’s total housing stock (both rental units and those for owner-occupiers) will have to expand by more than 2.5 million units [...]

[...] of the first residential tower is dedicated to rental. Shape will own and manage the rental units and the commercial space below. “That’s been a big selling point,” Darren says. “With a [...]

[...] next year and 29,000 homes in 2016, according to a report released October 30 by the Canada Mortgage and Housing Corporation (CMHC). This compares with the CMHC’s September prediction of [...]

[...] change when interest rate rises put pressure on affordability. CMHC sheds 215 jobs The Canada Mortgage and Housing Corporation is cutting 215 jobs at its head office in Ottawa and regional [...]

[...] construction, and by extension the supposedly overheated housing market. According to the Canada Mortgage and Housing Corp., the trend measure of Canadian housing starts in December was 192,047, down [...]

[...] on track to average $811,000 this year, up 5.6 per cent from $767,765 in 2013, according to Canada Mortgage and Housing Corp. CMHC predicts that average prices for resale properties will rise 1.2 per [...]

[...] by 10 to 30 per cent, but said we’re not currently seeing the kind of spike in housing prices that preceded corrections in the early 1980s and early 1990s. “Highly-indebted [...]

[...] going forward,” he told CP. The Bank of Canada recently took a stance on the state of housing prices, saying it believes the Canadian housing market is 10 to 30 per cent overvalued. [...]

[...] that indebted households and high housing prices pose a risk to the financial system even as the country isn’t in a housing bubble. Royal Bank [...]