New rules proposed by the federal government to curb financial risks associated with the country’s hot housing markets could make it more difficult to secure a mortgage. The Office of the Superintendent of Financial Institutions’ new guidelines proposed Thursday include stress tests for uninsured mortgages — loans secured with a deposit of at least 20 per cent on the value of
It might be hard for residents of Canada’s most expensive cities to imagine, but real estate actually became more affordable in several major Canadian housing markets this past quarter, suggests the latest Housing Affordability Monitor from National Bank. “Yet again this quarter, there is still a significant divergence across regions with no less than 6
Almost a year after British Columbia brought in a 15-per-cent tax on foreign buyers in Greater Vancouver, the detached housing market in Canada’s most expensive city for housing continues to show limited price growth. But while detached price gains continue to be mostly flat, the overall market for housing in Greater Vancouver does show signs
