Share The seasonally adjusted annual rate of housing starts has reached 186,300 units in January 2010. This is an increase from the annual rate seen in December 2009, where it was 176,100 according to the Canada Mortgage and Housing Corporation (CMHC). According to final figures, the actual housing starts for 2009 totalled 148,081 units, with [...]
Share The seasonally adjusted annual rate of housing starts has reached 174,500 units in December 2009. This is an increase from the annual rate seen in November 2009, where it was 176,100 according to the Canada Mortgage and Housing Corporation (CMHC). Actual housing starts for 2009 shall be verified and reported in the January edition [...]
Share Depending on where you rent, the allowable deposit will vary. In most jurisdictions, the landlord can ask for a security deposit, which is generally equal to the last month’s rent. In Ontario, landlords can only ask for a rent deposit, and they cannot use this amount to cover any damage to the premises. Whereas, [...]
Share Home affordability in Quebec improved in the second quarter, which helped the housing market get on the right path in the province, according to the latest housing report released by RBC Economics on September 9th. The affordability has opened the doors to buyers, with sales of existing homes in Quebec rebounding strongly. Sales of [...]
Share The national resale housing market sales activity has remained above from a year ago levels in August 2009, making it the third consecutive month. This is the largest year-over-year gain in more than two years. The Canadian Real Estate Association (CREA) releases statistics showing that a total of 42,483 homes traded hands through the [...]
Share Building permits are a good indicator of the health of the construction industry and in June we see gains in both the residential and non-residential sectors. Building permits in Toronto area was higher than expected, reaching 1.2%. Developers took out $932 million worth of permits in June, compared to the $921 million in May. [...]
Share Canadian housing starts fell 19.9 per cent in April from March, returning to a downward trend that began last year, largely on a sharp drop in construction of condos. Housing starts dropped to a seasonally adjusted annualized rate of 117,400 units from a revised 146,500 units in March, Canada Mortgage and Housing Corp. said. [...]
