Recent rule changes by Canadian policymakers, including tightened mortgage lending, appear to be bringing the country’s real estate market more into balance. The federal housing agency lowered its assessment of the overall vulnerabilities in the national market to “moderate,” from “high,” according to a report Thursday from Ottawa. Canada Mortgage and Housing Corp.cited evidence of easing price acceleration […]
Canadian Finance Minister Bill Morneau said on Wednesday that the country’s expensive housing market is a “very real issue” and the government was “looking at all evidence” as it considers whether it needs to move again to tighten mortgage regulations. Noting that the Vancouver market was “very strong” and the Toronto market was “strong … […]
A new report into the 2015 global luxury real estate market ranks Vancouver as the top performing city worldwide. In a top 100 list that includes Shanghai, San Francisco and Monaco, Vancouver is the clear leader, with prices accelerating 24.5 per cent last year. Sydney, ranked second, grew just 14.8 per cent in the same […]
Dear median-income Vancouver household looking to buy real estate in the city where you work and play: It will take you more than six years to save for a five percent down payment on a median-priced home. And once you’ve reached that goal, carrying that median-priced home will consume 81 percent of your gross […]
