Concord Pacific is floating new renderings and details of its plans to redevelop the former Molson Coors brewery site in Vancouver, a large 7.6-acre site located between the Burrard Bridge and Granville Island. It’s a prime piece of land that epitomized the height of the real estate boom when it was sold in 2016, but
Canadians are beginning to resume paying their mortgages, after many requested deferrals. Canada Mortgage and Housing Corporation (CMHC) broke down insured mortgage payment deferrals in August. At a national level, CMHC is seeing the rate of payment deferrals similar to the general market. Broken down by city, we see the most expensive markets are overrepresented. Even overrepresented,
Mortgage shoppers take note: Cheap money is here to stay, at least for the next two years, the Bank of Canada reaffirmed during its interest rate decision on Wednesday. The BoC had previously provided guidance that rates would remain at their effective lower bound—currently 0.25%—“until 2 percent inflation target is sustainably achieved,” but went a
