Posts

Toronto’s real estate market weighed down the Teranet-National Bank composite home price index

It fell 0.8 per cent in September.

The cost of new fixed-rate mortgages have risen

The Bank of Canada has raised its key interest rate target twice this year, driving the big bank prime rates and the cost of variable-rate mortgages higher. The cost of new fixed-rate mortgages have also risen as yields on the bond market have also risen.

Federal and provincial governments back housing projects across Saskatchewan

October 13, 2017
by via CMHC News Releases — All Releases

Habitat families in Corner Brook celebrate new homes

October 13, 2017
by via CMHC News Releases — All Releases

American household net worth is at an all-time high of five times GDP

Significantly higher than the bubble peaks of 4.1 times in 2000 and 4.7 in 2007, and far higher than the historical norm of three times GDP.

Raise the interest rate by another 25 basis points to 1.5 per cent.

The US Federal Reserve has indicated that it will begin to unwind its QE (quantitative easing) assets this month and raise the interest rate by another 25 basis points to 1.5 per cent.

Groundbreaking held on first of five on-reserve shelters

October 12, 2017
by via CMHC News Releases — All Releases