10/14/2022 | Posted in Canadian Housing Market Predictions by Bashar Mahfooth
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Canada Mortgage and Housing Corp. is predicting housing prices will continue to drop in 2023, but is warning the fall will do little for affordability. ... More

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  9/30/2022 | Posted in Canadian Housing Market Predictions by Bashar Mahfooth
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Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates threaten to cause a protracted ... More

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  9/16/2022 | Posted in New Developments by Bashar Mahfooth
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A decline in multi-unit urban starts contributed to a slower month overall, according to the latest data from CMHC. ... More

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  7/18/2022 | Posted in Canadian Housing Market by Bashar Mahfooth
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The trend in housing starts was 258,295 units in June, up from 252,444 units in May, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month ... More

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  7/13/2022 | Posted in GTA Real Estate by Bashar Mahfooth
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Royal LePage has cut its home price forecast for this year amid a series of aggressive interest rate hikes which have pushed up the cost of borrowing and cooled the demand for ... More

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  7/12/2022 | Posted in Canadian Housing Market Predictions by Bashar Mahfooth
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CMHC revises down home price forecast over next two years to adjust for interest rate spike. ... More

Real Estate & Mortgage News

  6/16/2022 | Posted in Canadian Housing Market by Bashar Mahfooth
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In May, the number of new homes that started construction in Canada trended lower compared to the previous month, but still remained at elevated levels. ... More

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  5/19/2022 | Posted in Canadian Housing Market by Bashar Mahfooth
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Canada’s housing market is cooling down but it is still hotter than the long-term average and will likely stay that way for the next couple of years. ... More

Real Estate & Mortgage News

  3/26/2020 | Posted in Mortgages and Real Estate by Bashar Mahfooth
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Canada beefs up liquidity plan with expanded mortgage guarantee ... More

Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Housing Market by Bashar Mahfooth
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The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ... More

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  2/10/2020 | Posted in Canadian Housing Market by Bashar Mahfooth
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The national trend in housing starts essentially held steady in January. ... More

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  1/10/2020 | Posted in Canadian Housing Market by Bashar Mahfooth
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There was a decline in the 6-month moving trend in Canadian housing starts in December. ... More

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  12/10/2019 | Posted in New Developments by Bashar Mahfooth
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There were some slight increases but the 6-month trend was essentially unchanged ... More

Real Estate & Mortgage News

  10/9/2019 | Posted in Canadian Housing Market by Bashar Mahfooth
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The pace of housing starts nationwide in September was considerably slower compared to the August output, according to new data from the Canada Mortgage and Housing Corp. ... More

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  8/19/2019 | Posted in Ontario Real Estate by Bashar Mahfooth
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Real estate flipping in the Waterloo region is mostly committed by investors from the Greater Toronto Area, according to a new report by Canada Mortgage and Housing Corporation. ... More

Real Estate & Mortgage News

  7/21/2019 | Posted in Mortgages and Real Estate by Bashar Mahfooth
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More

Real Estate & Mortgage News

  7/18/2019 | Posted in Mortgages and Real Estate by Bashar Mahfooth
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ... More

Real Estate & Mortgage News

  7/17/2019 | Posted in Mortgages and Real Estate by Bashar Mahfooth
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ... More

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  6/18/2019 | Posted in First Time Home Buyers by Bashar Mahfooth
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While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ... More

Real Estate & Mortgage News

  6/18/2019 | Posted in Home Buyers by Bashar Mahfooth
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The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ... More

Real Estate & Mortgage News

  6/13/2019 | Posted in Home Buyers by Bashar Mahfooth
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Canadian Housing Market by Bashar Mahfooth
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The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). ... More

Real Estate & Mortgage News

  5/23/2019 | Posted in Financial Health by Bashar Mahfooth
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Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ... More

Real Estate & Mortgage News

  5/9/2019 | Posted in Canadian Housing Market by Bashar Mahfooth
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On the national level, the housing starts trend went up in April, according to the Canada Mortgage and Housing Corporation’s latest report. ... More

Real Estate & Mortgage News

  5/2/2019 | Posted in Canadian Housing Market by Bashar Mahfooth
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For 1st time in 2.5 years, Canada Mortgage and Housing Corporation rates market as only moderately vulnerable ... More

Real Estate & Mortgage News

  4/4/2019 | Posted in Home Buyers by Bashar Mahfooth
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Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage point. ... More

Real Estate & Mortgage News

  3/19/2019 | Posted in Canadian Housing Market by Bashar Mahfooth
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Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals. ... More

Real Estate & Mortgage News

  2/8/2019 | Posted in Canadian Housing Market by Bashar Mahfooth
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The country’s overall real estate market remains “vulnerable” despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, ... More

Real Estate & Mortgage News

  12/17/2018 | Posted in Canadian Economy and Housing Market by Bashar Mahfooth
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More

Real Estate & Mortgage News

  12/12/2018 | Posted in Canadian Housing Market by Bashar Mahfooth
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The trend in housing starts was 210,038 units in November 2018, compared to 206,460 units in October 2018, according to Canada Mortgage and Housing Corporation (CMHC). ... More

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