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Real Estate, Mortgage & Relocation News and Annoucements
Here are the most recent news stories posted for Moving In Canada:
Sudbury Housing starts on the rise
(Posted:08/10/2012) ON: According to preliminary data released Thursday by Canada Mortgage and Housing Corporation, there were 82 housing starts in the Greater Sudbury Census Metropolitan Area in July, up from 35 last July.
Forty-seven of the 82 starts were condominium units, or 57% of all activity in the month.
Victoria housing starts drop 34 percent
(Posted:08/10/2012) BC: There were 150 total housing starts last month, a 34 per cent drop from the 229 in July 2011. Year-todate, there have been 837 total starts, down 14 per cent from the 973 through the first seven months of last year More info...
Calgary Housing starts spike
(Posted:08/10/2012) AB: Last month, 734 units broke ground in Calgary, up 40 per cent on the 526 starts in July 2011, reports the Canada Mortgage and Housing Corp.
Housing starts up in the St. John's area
(Posted:08/10/2012) NL: July’s housing starts totalled 276 units throughout the St. John’s area compared to 258 units in July 2011. Year-to-date starts are up 13 per cent to 1,207 units. More info...
Regina Housing starts double 2011 pace
(Posted:08/10/2012) SK: According to the CMHC's monthly survey of residential construction, 1,688 housing units have been started in since Jan., compared to 847 in the same time period in 2011. Housing starts for the month of July reached 263, 116 more than in July 2011.
The year-to-date number of housing starts in 2012 is quickly approaching the total number of housing starts - 1,694 - for all of 2011. More info...
Edmonton housing starts surge
(Posted:08/10/2012) AB: Jobs and newcomers are boosting home construction in the Edmonton region to levels not seen since the early 2000s, according to the Canada Mortgage and Housing Corp.
Housing starts in the Edmonton census metropolitan area for July surged to 1,435, up from 1,034 in July 2011.
Canada July Housing Starts Slow as Builders Pare Back Condos
(Posted:08/09/2012) Canada: Canadian housing starts fell more than expected in July on a decline in multiple-unit projects in British Columbia.
Construction of new homes dropped 6.1 percent from June to a 208,500 seasonally adjusted annual pace, Ottawa-based Canada Mortgage & Housing Corp. said today.
Canadian home prices will decline 10 percent over the next two to three years. More info...
Scotiabank Says Canada Housing Correction on the Horizon
(Posted:08/08/2012) Canada: Wall Street Journal: Economists from Bank of Nova Scotia are the latest to cast their lot in the camp forecasting a housing correction for Canada.
They are projecting a decline in Canadian housing prices of roughly 10% over the next two to three years, with more pronounced declines set to hit the hot Toronto and Vancouver markets.
Canadian housing starts climb unexpectedly in June - CMHC
(Posted:07/13/2012) Canada: The seasonally adjusted annualized rate of housing starts surged to 222,700 units in June 2012 as compared with an upwardly revised rate of 217,400 units in May 2012. The May figure was revised up from 211,400 units. More info...
Banks warn Ottawa over lending rules
The federal government’s efforts to cool the overheated housing market are raising concerns among Canada’s biggest banks that the changes might hit the economy harder than intended, particularly if the new measures are left in place for too long.