News

Canada’s construction sector showed strong results in 2021, reducing pressure on the real estate market

It looks like builders in Canada are reducing some pressure from the tight real estate market, reporting the strongest performance of new construction since the 1970s. According to the Canada Mortgage and Housing Corp., the work on 271,198 homes was started in 2021, marking...
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Insane housing activity in Canada leads to the lowest market supply on record

An unusual real estate buying activity has led Canada to the lowest number of properties for sale in at least 25 years. According to the recent report by the Canadian Real Estate Association (CREA), there were only about 86,000 houses left for sale at...
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Royal LePage doesn’t believe rate increases will restrain home prices growth

According to Royal LePage, rate hikes this year will not help in slowing today’s sharp home prices growth. “Although rate increases tend to slow house prices gains, higher borrowing costs will be coming off historical lows and the hikes may not be enough to...
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CMHC considers changes to down payment requirements for investment properties

As you know, the federal government is considering reforms concerning investment properties trying to restrain a significant home prices growth. In a mandate letter sent from the Prime Minister in December, Housing Minister Ahmed Hussen was strictly ordered to “review the down payment requirements...
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RBC demands rapid action from the central bank concerning interest rates

During a recent interview, RBC CEO David McKay said the Bank of Canada has to take “rapid action” with several interest rate hikes in order to restrain inflation. In McKay’s opinion, the current acceleration of inflation isn’t transitory. He points to certain signs of...
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