Sentences with phrase «canadian house prices»

In the spring of 2009, Canadian house prices fell across the board and transactions slowed as fears of a global economic downturn spread.

New home prices also continued to rise in October as the red - hot Toronto market offset cooling elsewhere, extending the long boom in Canadian house prices even as analysts brace for a slowdown after government moves to rein in mortgage lending.

Canadian house prices to income rose stratospherically to nearly 140 % of the 1990 level, reflecting the immense mortgage stimulus of the Insured Mortgage Purchase program (IMPP) and the supercharged mortgage lending by government backed banks.

Last year Canadian house prices increased, on average (says CREA), about 10 %, on flat sales.

Canadian house prices barely budged in November according to Statistics Canada.

Canadian house prices may be seen by some as among the most inflated in the world, but observers on the home front don't see problems on the horizon.

For the past few years, the Finance Minister has been trying to prevent Canadian house prices and consumer debts from rising too quickly — without causing a major slump in the real estate market that would hurt the economy.

A February Reuters poll of 15 forecasters, including most of the major Canadian banks, predicted Canadian house prices will fall just 7.5 % in the next few years.

Canadian house prices were up on a month - to - month basis in April (0.8 %) and March (0.5 %), according to the Teranet - National Bank National Composite House Price Index released today (May 30).

Some believe that low interest rates, solid banks, a growing economy, abundant natural resources and a relatively conservative mortgage market (at least compared to the United States) will all continue to support Canadian housing prices.

What about the other story though — the one where the rise in Canadian housing prices makes perfect sense, and what's more has longer to run?

These factors — many of which are beyond our control and the effects of which can be difficult to predict — include: credit, market, liquidity and funding, insurance, operational, regulatory compliance, strategic, reputation, legal and regulatory environment, competitive and systemic risks and other risks discussed in the risk sections of our 2017 Annual Report; including global uncertainty and volatility, elevated Canadian housing prices and household indebtedness, information technology and cyber risk, regulatory change, technological innovation and new entrants, global environmental policy and climate change, changes in consumer behavior, the end of quantitative easing, the business and economic conditions in the geographic regions in which we operate, the effects of changes in government fiscal, monetary and other policies, tax risk and transparency and environmental and social risk.

According to Canadian Business Online, Canadian housing prices have hit an all - time high.

The average Canadian house price is now $ 365,000, which would require an Ontario land transfer tax payment of $ 3,675.

Household debt has been a major bone of contention in the ongoing saga of Canadian housing prices.

One that dominated media headlines in 2016 was the impact foreign buyers had on Canadian housing prices.

Some recent reports are saying that the Canadian housing prices are going down.

Paul Bernardo in court today, charged with possessing a weapon, CTV News Sellers blame new mortgage rules as average Canadian house price falls by 10 per cent in past year, CBC News

Not exact matches

The Canadian core CPI similarly is not influenced by house prices.

Everyone comments on how authorities such as Canada Mortgage and Housing Corp. only now are starting to gather data on the extent to which international buyers are responsible for the price escalatio — an inexcusable example of bureaucratic inertia and old - fashioned Canadian complacency.

The house - price bubble, combined with record levels of household debt, represent the biggest threat facing the Canadian economy; the sooner real - estate markets mellow and Canadians lower their debt burdens, the better.

Pretty much from his first statements as governor in 2013 — that's about $ 100,000 ago in real estate appreciation terms — through to last week when the bank released its latest financial system review, Poloz has walked a tightrope between admitting that elevated house prices and debt levels pose a risk to the economy, and assuring Canadians that the likelihood of a crash is actually pretty low.

The number of Canadian homes sold in March plunged 23 per cent and the national average price was down 10 per cent from the same month last year amid double - digit plunges in most housing markets across the country, according to the latest monthly sales data released Friday.

Demographia rated six Canadian markets as «severely» unaffordable, including Vancouver, Toronto and Montreal, in a report on housing prices released last year.

While housing policy was crafted to ensure Canadians had equal opportunity to purchase a home, runaway prices are driving a wedge between those who can afford to and those who can't.

If you're bearish on real estate — as we at Canadian Business have been for some time — the results of the latest Teranet - National Bank House Price Index, released today, may give you some grim satisfaction.

«The six - city Teranet National Bank House Price Index is estimated by tracking the observed or registered Canadian home prices over time which we've compared to the inverse of the Bank of Canada overnight lending rate.

Those kinds of numbers support the view that «a potentially severe housing correction is underway,» says David Madani, an economist at Capital Economics, who for months has been predicting a 25 % decline in Canadian home prices.

Having acquired so much debt, Canadians are vulnerable to rate increases, and housing price gains have vastly outpaced wage growth.

David Rosenberg, chief economist at investment firm Gluskin Sheff, has been among the most bearish on Canadian housing, saying last year that prices could drop 20 %.

But prices also surged, an inconvenient truth for an agency committed to affordable housing, forcing Canadians to take on bigger mortgages to keep pace.

After all, housing prices have outpaced inflation, and Canadian homes are generally considered to be overvalued (as much as 25 %, by some estimates).

TORONTO, August 30, 2016 - Soaring housing prices in Vancouver and Toronto continued to squeeze housing affordability at the national level in the second quarter, even though affordability was close to historical norms in most other Canadian markets, according to the Housing Trends and Affordability Report issued today by RBC Economics Rehousing prices in Vancouver and Toronto continued to squeeze housing affordability at the national level in the second quarter, even though affordability was close to historical norms in most other Canadian markets, according to the Housing Trends and Affordability Report issued today by RBC Economics Rehousing affordability at the national level in the second quarter, even though affordability was close to historical norms in most other Canadian markets, according to the Housing Trends and Affordability Report issued today by RBC Economics ReHousing Trends and Affordability Report issued today by RBC Economics Research.

Whatever is the current cause of the rise of prices in the housing market, when computed as the mortgage cost in labour time in terms of the average weekly salary, residential properties, with the exception of the 1988 - 1991 period, are now clearly less affordable for middle - class Canadians than they were for the last five decades.

About RBC > Media Newsroom > News Releases > Canadian Housing Affordability deteriorates the most in six years amid surging prices in hot markets: RBC Economics

Canadian housing market prices soared over the past decade, with Ontario, home to capital city Ottawa and business center Toronto, in particular seeing strong demand from foreign buyers.

In a globalized and digitally - connected world, Canadian youth need more dialogue with our counterparts in Asia, especially as we find ourselves grappling with a common set of issues, like school and societal pressures, prohibitive housing prices, and the endless frustrations of landing a stable and respectable job.

In fact, Canadian median house prices peaked this year at levels higher than median prices at the top of the market in the U.S.

The Federation of Canadian Municipalities, for instance, is floating ideas such as a federal interest - rate subsidy for builders of moderately priced rental housing, and tax credits for energy - efficiency renovations to rental properties.

Canada currently supplies over 1/3 of U.S. lumber consumption and if the current rate of growth in housing starts continues, the U.S. will need to increasingly rely on higher - priced imported lumber from outside of North America to fulfill their needs if they impose a quota restriction on Canadian lumber.

Adjust for inflaition because housing prices are out of whack with Canadian incomes.

Canada Mortgage and Housing Corporation says there is mounting evidence that house prices in a number of Canadian cities are out of whack with incomes and other economic fundamentals.The latest report from CMHC says there is evidence of overvaluation in nine of the 15 real estate markets included in the research.

2016.08.30 Canadian Housing Affordability deteriorates the most in six years amid surging prices in hot markets: RBC Economics Soaring housing prices in Vancouver and Toronto continued to squeeze housing affordability at the national level in the second quaHousing Affordability deteriorates the most in six years amid surging prices in hot markets: RBC Economics Soaring housing prices in Vancouver and Toronto continued to squeeze housing affordability at the national level in the second quahousing prices in Vancouver and Toronto continued to squeeze housing affordability at the national level in the second quahousing affordability at the national level in the second quarter...

Gain unparalleled insight into the dynamics of a highly varied Canadian housing market with the Teranet - National Bank House Price Index ™ monthly public release.

VANCOUVER — The British Columbia government will unveil its long - awaited housing strategy on Tuesday, taking aim at skyrocketing real estate prices and soaring rents that have crippled affordability in the West Coast Canadian province, particularly in Vancouver.

The Commerce Department has imposed tariffs averaging more than 20 % on Canadian lumber shipments into the U.S. that have driven lumber prices to record highs and harmed housing affordability.

Palmer says studies show that the majority of Canadians would not give their consent to broad dissemination of their house's final sale price.

The concerns about high housing prices and overstretched borrowers seemingly had no effect on Canada's five biggest banks: the Bank of Montreal (BMO), the Bank of Nova Scotia (Scotiabank), the Canadian Imperial Bank of Commerce (CIBC), the Royal Bank of Canada (RBC) and Toronto - Dominion Bank (TD)- Canada Trust.

In 2008 to 2009, Canadian housing was relatively cheap compared to the U.S., but after years of breakneck price growth north of the border and declines down south, that's no longer the case.

At long last, the federal government has decided to seriously address the housing price bubble that has increasingly concerned Canadians.