The federal government will make it tougher for many homebuyers to get mortgages this year as it grapples with an overheated property market, according to analysts in a Reuters poll, who also ruled out the prospect that prices could suddenly crash.
OTTAWA – February 15, 2012 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity retreated in January 2012 from the strong finish reported for December 2011
OTTAWA - Canada Mortgage and Housing Corp. is predicting the Canadian housing market will remain fairly stable this year and next, with little change from 2011 in prices, new home construction and sales of existing homes.
Toronto-Dominion Bank Chief Executive Officer Edmund Clark said Canada's banks are tightening lending standards in response to a "genuine concern" about the country's housing boom and rising consumer debt levels.
OTTAWA (Reuters) - The pace of growth in new home prices in Canada slowed in December to 0.1 percent compared with 0.3 percent in November, Statistics Canada said on Thursday, in another sign the hot housing market may be cooling.
OTTAWA, February 8, 2012 — The seasonally adjusted annual rate1 of housing starts was 197,900 units in January, according to Canada Mortgage and Housing Corporation (CMHC).
TORONTO, ONTARIO, Feb 07, 2012 (MARKETWIRE via COMTEX) -- Recent fluctuations in variable and fixed mortgage rates have left Canadian consumers confused about future mortgage trends. The good news is that February should be less volatile, with RateSupermarket.ca's Mortgage Rate Outlook Panel anticipating both fixed and variable mortgage rates will remain level during the month.
A new round of mortgage rules from Ottawa could include tough new measures for calculating how the self-employed qualify for loans and tighten regulations for condominium buyers, according to two separate sources.
Several prominent economists say they think Canadian households may not be as overburdened with debt as conventional wisdom — and the Finance Minister and Bank of Canada governor — have suggested.
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