canadian press Archives - Mortgage Rates & Mortgage Broker News in Canada

Calgary home sales fall in June but still above long-term trends: board

July 3, 2024 No Comments

The Calgary Real Estate Board says June home sales fell 12.8% from last year as 2,738 properties changed hands, driven by declines in lower-priced homes.

Banks to report second-quarter results as credit concerns persist

May 22, 2024 No Comments

While there’s still room for surprises, Canadian banks are set to report results after a second quarter that was notable for its economic steadiness.

Greater Toronto home sales down in April but new listings surge: board

May 3, 2024 No Comments

The Toronto Regional Real Estate Board says Greater Toronto home sales in April were down five per cent from last year, but new listings surged, which created more choice for buyers and kept prices stable.

Getting the lowest mortgage rates in a high interest rate world

April 18, 2024 No Comments

Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while borrowers lost an aggressive rate advertiser after HSBC Canada was taken over by RBC.

Housing starts down seven per cent in March from February: CMHC

April 16, 2024 No Comments

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

Non-owners feel locked out of homeownership

Entry to housing market feels out of reach for 76% of non-owners: CIBC poll

April 12, 2024 No Comments

Three in four Canadians who don’t own a property say buying a home feels out of reach, a new poll shows.

Spring housing market surge unlikely as affordability, cost of living weigh on buyers

April 8, 2024 No Comments

economists say a rebound awaits the national housing market — but don’t expect a big surge just yet.

BC tables legislation to introduce anti-flipping tax

B.C. government targets ‘profiteers’ with legislation to bring in 20% flipping tax

April 4, 2024 2 Comments

British Columbia has tabled legislation to enact a 20 per cent flipping tax on those who sell their home within the first year of ownership.

The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartment starts despite demand still outpacing supply for rental housing. New homes are built in Ottawa on Monday, Aug. 14, 2023. THE CANADIAN PRESS/Sean Kilpatrick The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartment starts despite demand still outpacing supply for rental housing. New homes are built in Ottawa on Monday, Aug. 14, 2023. THE CANADIAN PRESS/Sean Kilpatrick

Housing starts stable in 2023, but demand still outpaces growing supply of apartments

March 27, 2024 No Comments

CMHC says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year.

Experts say title and mortgage fraud are fast growing in Canada and homeowners should take steps to protect their properties — and their identities. A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023. THE CANADIAN PRESS/Nathan Denette Experts say title and mortgage fraud are fast growing in Canada and homeowners should take steps to protect their properties — and their identities. A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023. THE CANADIAN PRESS/Nathan Denette

Homeowners, realtors should take steps to protect against title fraud: experts

March 17, 2024 1 Comment

It’s been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you’re in default and now owe money comes as a shock.

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