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The federal government is looking at making Islamic home financing increasingly accessible to help more Canadians break into the housing market. As part of the 2024 federal budget that was released last week, Ottawa said it is “exploring new measures to expand access to alternative financing products, like halal mortgages.” Last month, …
Read More »Housing market 2024: What to expect with rate cuts in the forecast – National
After nearly two years of hikes to the Bank of Canada’s benchmark interest rate, some forecasters are expecting the housing market correction will come to an end in 2024. But when that bottom hits, and how fiercely home sales and prices rebound, is a question dogging some Canadians who continue …
Read More »Winnipeg Regional Real Estate Board reports on September housing market – Winnipeg
Descrease article font size Increase article font size The average price of homes is still climbing in Manitoba’s capital, and sales remain steady. A report by the Winnipeg Regional Real Estate Board (WRREB) said prices for single detached homes are up four per cent from last year, and 10 per …
Read More »Homebuilding surge in some Canadian cities to start 2023 may not last: CMHC
Higher borrowing costs are expected to drive drastic slowdowns in homebuilding for Canada’s largest urban centres after a surge in activity that started the year, according to the Canada Mortgage and Housing Corp. The CMHC’s mid-year housing supply report released Thursday shows Canada’s six largest housing markets had wildly different …
Read More »As interest rate decision looms, here’s what to expect in the fall housing market – National
Canada’s housing market could face a chill this fall as prospective buyers and sellers wait to see where the Bank of Canada’s interest rate path will head, according to new polling released Tuesday. Re/Max Canada said in a report that home prices are expected to remain flat nationally from August …
Read More »‘Increasing demand’ for secondary units as homebuyers grapple with rate hikes – National
As Canadians grapple with interest rate hikes and high mortgage payments, there is a growing demand for houses with secondary units, like basement apartments and laneway homes, real estate experts say. Recent changes in zoning bylaws in cities across Ontario and Alberta have offered greater flexibility for building new secondary …
Read More »Rents dwarf minimum wage in every province. Rising interest rates aren’t helping – National
Pressure from higher interest rates and a lack of affordable housing means renters living on minimum wage in almost every neighbourhood across Canada are falling behind, a new report shows. A Canadian Centre for Policy Alternatives (CCPA) analysis released Tuesday evaluates housing markets in Canada by “rental wage” — the …
Read More »Increasing vacancy rate in Kelowna best path to improving housing affordability: City
Descrease article font size Increase article font size Groundbreaking for a new apartment building which is expected to bring some relief to Kelowna’s tight rental market is scheduled for Wednesday. The building will be located at the former Building Blocks daycare at Gordon Drive and Lawrence Avenue. PC Urban Properties …
Read More »Canada’s housing market has ‘rebounded sharply’. As rates rise, can it last? – National
The Bank of Canada’s return to interest rate hikes will not be enough to fully tamp down an uptick in activity in the housing market, argues a new report from Desjardins. Signals from the Bank of Canada that its interest rate tightening cycle had possibly peaked in January gave way …
Read More »‘Serious buyers’ looking at homes in Hamilton despite continuing high borrowing costs: realtor – Hamilton
A realtor is suggesting home sales in Hamilton are beginning to favour buyers this spring, despite the regional numbers still showing a seller’s market amid continuing high borrowing costs. Rob Golfi of Remax Escarpment Realty told 900 CHML’s Good Morning Hamilton the market appears to be “picking up” with the …
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