Category: News

Canadian mortgage debt tops $1-trillion for first time

Canadian mortgage debt tops $1-trillion for first time

The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low interest rates encouraged many more to refinance.

CREA lowers home sales and price forecasts

CREA lowers home sales and price forecasts

Housing activity in the country is slowing down after a busy first half, especially in British Columbia, Alberta and Ontario where prices are expected to fall in the coming months.

Canada building permits soar on single-family units

Canada building permits soar on single-family units

The value of Canadian building permits issued in September soared 15.3 percent from August, well above market expectations, on both residential and nonresidential building intentions, Statistics Canada data showed on Friday.