Home prices in Vancouver and Toronto are facing an imminent correction according to a special report from National Bank
A consultation has been launched by the Department of Finance Canada to assess whether lenders should share the burden for defaulted mortgages backed by CMHC
The sale of luxury recreational homes is not exactly buoyant so far in 2015, except in British Columbia.
Construction in one property sector is about to surge, according to developer Luc Maurice.
Vancouver and Toronto may be out of the reach of many homebuyers but, on a global scale, they have become more affordable.
A report from Lancor Data Group shows that around 20 per cent of detached family houses in Vancouver that were sold in the last 17 months were sold again within a year.
Home sales in the GTA increased by 15.7 per cent in the first two weeks of June compared to the same period in 2014.
As residents, the housing industry and politicians debate housing affordability in Vancouver a new report suggests the real reason why prices are setting new records.