Canada’s housing agency warned against overbuilding after a surge in condo and apartment projects took housing starts to a three-year high. Work on new homes advanced 7.7 per cent to 230,701 units at an annual pace in September, the Canada Mortgage & Housing Corp. said Thursday from Ottawa. Urban multi-unit projects such as condominiums and
OTTAWA — Nearly one in six Canadians would not be able to handle a $500 increase in their monthly mortgage payments, a new survey from the Bank of Montreal suggests. According to the bank, 16 per cent of respondents said they would not be able to afford such an increase, while more than a quarter,
One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 45 points (0.3%) at 16,317 as of Friday, Oct. 2, 2015, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,428 issues advancing vs. 1,566 declining with 153 unchanged. The Real Estate industry currently
