Home prices across Metro Vancouver continued their slow decline in March, according to new figures from the Real Estate Board of Greater Vancouver (REBGV) The board reported both year-over-year and month-to-month declines across all housing types for the month. READ MORE: Greater Vancouver home sales hit lowest point since 1986: Realtor According to the board’s latest
That is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Canadians fulfill their homeownership dream. Under the new CMHC First-Time Home Buyer Incentive, the Canada Mortgage and Housing Corporation would use up to $1.25 billion over three years to help lower mortgage costs for eligible Canadians. The
Despite housing affordability concerns across the country, homeownership rates in Canada remain among some of the highest in the world. As of 2016 (the most recent data available), Canada boasts an overall homeownership rate of 67.8%, down slightly from a peak of 69% in 2011, according to research from RBC Economic Research. Comparatively, the U.S.
