Canada Mortgage and Housing Corporation (CMHC) reported today that net income for the six month period ended June 30, 2014 was $841 million, up 2.1% ($17 million) from the same period last year. The increase is mainly attributable to higher earnings from investments and lower insurance claims losses, both a result of improved economic conditions.
At the end of the second quarter of 2014, our total insurance-in-force was down $6 billion from December 31, 2013, standing at $551 billion. We expect insurance-in-force to decline to approximately $545 billion by year-end as mortgage...
Beginning on October 23rd, a new .REALTOR top-level-domain (TLD) will be made available to members of The Canadian Real Estate Association (CREA) in Canada, and members of the National Association of Realtors® (NAR) in the U.S.
The majority of homebuyers begin their searches online, and a .REALTOR TLD will allow
members of CREA to stand out from other real estate professionals. It will also ensure
consumers know they are dealing with licenced real estate professionals who adhere to
CREA’s Code of Ethics. “We are excited to offer this new and unique branding opportunity...
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged up almost one per cent in July 2014 from the previous month.
- National home sales rose 0.8% from June to July.
- Actual (not seasonally adjusted) activity was 7.2% higher than July 2013 levels.
- The number of newly listed homes edged up 0.4% from June to July.
- The Canadian housing market remains in balanced territory.
- The MLS® Home Price Index (HPI) rose 5.3% year-over-year in July.
- The national average sale price rose 5.0% on a year-over-year basis in July....
According to CMHC’s third quarter 2014 Housing Market Outlook, Canada Edition1, housing activity will continue to be supported by economic and demographic fundamentalsfor the rest of 2014 and into 2015.
“Recent trends have shown an increase in housing starts, which is broadly supported by demographic fundamentals. However, our latest forecast calls for starts to edge lower as builders are expected to reduce inventories instead of focussing on new construction,” said Bob Dugan, Chief Economist for CMHC.
On an annual basis, housing starts are expected...
The trend measure of housing starts in Canada reached 189,784 units in July compared to 185,952 in June, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.
“The trend in construction has increased modestly in recent months due to in large part to multiple starts, which have strong variability from month-to-month,” said Bob Dugan, CMHC’s Chief Economist. “Nevertheless, CMHC continues to expect a soft landing for...
Canada Mortgage and Housing Corporation (CMHC) released the results of its 2013 Condominium Owners Survey today showing that 82.9% of the condominium owning households surveyed reside in their unit and 17.1% are condominium investors.
“As information on condominium investment is rather limited at this time, CMHC has gathered new data on a segment of domestic condominium investment activity in Toronto and Vancouver. While the results are not representative of other markets or all types of
investors, the survey helps to shed some light on the profile and&nb...
The Greater Vancouver housing market continues to see slightly elevated demand from home buyers, steady levels of supply from home sellers and incremental gains in home values depending on the area and property type.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,061 on the Multiple Listing Service® (MLS®) in July 2014. This represents a 3.9 per cent increase compared to the 2,946 sales recorded in July 2013, and a 10.1 per cent decline compared to the 3,406 sales in June 2014.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.