Canada

Rate Squeeze? Not Exactly, Since Average Mortgage Payments Are Lower Than Rent

Canadian mortgage payments are soaring as home prices hit record growth. Those payments might get more expensive for some as interest rates rise. It’s understandable that some are worried homeowners will face significant pressure. However, don’t expect renters to have any sympathy. As expensive as housing is, average mortgage payments are lower than the cost […]

Canada

Canada’s Housing Agency Abruptly Halted Its Public Real Estate Warning System

Canadian real estate is entering one of its most precarious phases in history. Households will navigate it without the help of the national housing agency, though. The Canada Mortgage and Housing Corporation (CMHC) has halted its Housing Market Assessment (HMA) report. The regular report provided the public with insights on housing market imbalances. The cancellation […]

Canada

Canadian New Home Construction Begins To Slow As Forecasts Call Fewer Starts

Canadian new housing construction is slowing, but remains above pre-pandemic levels. Canada Mortgage and Housing Corporation (CMHC) data shows new housing starts slowed in January 2022. The number of new homes to start construction fell below last year’s level. Financial institutions forecast this will continue for at least a couple of years. Canadian New Home […]

Canada

Canadian Real Estate Equity Should Be Taxed, Suggests CMHC-Funded Working Group

Canadian real estate has been the ideal tax shelter, but that might change soon. Generation Squeeze, a Vancouver-led non-profit advocating for Millennials, released its Solutions Lab report. The CMHC-funded (but independent) study has four suggestions for improving housing affordability. Today we’re going to dive into its most controversial proposal stirring debate — a progressive tax […]