Home » Posts tagged 'cmhc'
Tag Archives: cmhc
Canadian Household Debt-to-Income Ratio Near Record High
Canadian Household Debt-to-Income Ratio Near Record High “Households with elevated levels of debt are more vulnerable to increases in interest rates”, the Canada Mortgage and Housing Corporation redundantly observes in its latest bulletin and warns that “with interest rates on the rise, highly indebted households could see their increased required payments exceed their budgets.” Naturally, […]
CMHC Finds Irrational Exuberance in Vancouver & Toronto
CMHC Finds Irrational Exuberance in Vancouver & Toronto There is much to learn from financial mania’s. In particular, the role of human behaviour responsible for inflating asset prices to previously unimaginable heights. Economist Robert Schiller has done some excellent work on this topic in his book Irrational Exuberance. In essence, Schiller highlights a few key […]
CMHC: 55% Of Toronto And Vancouver Real Estate Buyers Were In A Bidding War
CMHC: 55% Of Toronto And Vancouver Real Estate Buyers Were In A Bidding War Have you ever woke up after a night of drinking, and only had a vague recollection of what happened? Then your responsible friend sets off a chain of text messages, trying to figure out where you went wrong? Well that’s what […]
House flipping tax could curb speculative foreign money, CIBC says
House flipping tax could curb speculative foreign money, CIBC says Tax on home flippers may be helpful, but most foreign investors are likely legitimate, Benjamin Tal says Canada lacks concrete data on the level of foreign investment in the country’s housing market, experts say. (Daniel Acker/Bloomberg) Canada may consider a tax on foreign investors flipping […]
CMHC says many major housing markets showing signs of overvaluation
CMHC says many major housing markets showing signs of overvaluation Nine of the 15 largest Canadian housing markets are showing some signs of overvaluation, the CMHC said. Canada’s national housing agency says nine of Canada’s 15 largest housing markets are showing signs of being overvalued. The Canada Mortgage and Housing Corporation said in its quarterly […]
Jingle mail rears its ugly head in Alberta again
Jingle mail rears its ugly head in Alberta again Federal government worried about Albertans making strategic defaults on their mortgages This tiny hamlet south of Calgary has 27 homes for sale for more than $1 million. (Colin Hall/CBC) One of the big bads from the 1980s is starting to emerge again in Alberta. Jingle mail — the […]
Toronto’s Epic Condo Bubble Suddenly Turns into Condo Glut
Toronto’s Epic Condo Bubble Suddenly Turns into Condo Glut The high-rise construction boom in Toronto has been evident for a while. It has been motivated by sky-high prices. In May, prices in Toronto rose another 5% from a year ago. For all types of homes, prices are now 42% higher than at the crazy peak […]
Canada housing agency sees moderation in housing starts in 2015
Canada housing agency sees moderation in housing starts in 2015 OTTAWA (Reuters) – Canada’s federal housing agency softened its forecast for housing starts in 2015, saying it expects the pace of new home construction to gradually moderate in the coming years. Although the Canada Mortgage and Housing Corp said on Friday it expects employment and disposable […]
