Unexpected Climb for Canadian Housing
Filed Under Main Content · Tagged: Economy, Housing Starts, New Home Construction, Vancouver Sun
The Vancouver Sun
Canadian housing starts unexpectedly climbed 4.3 percent in July, setting the third quarter off to a strong start in new home construction and maintaining its role as a key support to the economy.
HST ‘hurts new home construction’
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corporation, Four Months, Greater Victoria, Homebuilding, New Construction, New Home Construction
Homebuilding in Greater Victoria was down 24 per cent over the first four months of 2011 compared to the 10-year historical average, says Canada Mortgage and Housing Corporation.
Read more: http://www.timescolonist.com/business/hurts+home+construction/4756007/story.html#ixzz1M4zSSDex
HST ‘hurts new home construction’
Multiple-unit starts in B.C. spark September rebound in new-home construction
Filed Under Main Content · Tagged: 12 Months, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Economists, First Nine Months, Housing Construction, New Construction, New Home Construction, New Homes, Pace 500, Rebound, Residential Construction, Vancouver Sun
The Vancouver Sun- B.C.’s residential housing construction continued to rebound in September with another boost in new-home starts as starts continued to slow on a nationwide basis, Canada Mortgage and Housing Corp. reported Friday.
Builders started work on 2,305 new homes in B.C. in September, bringing the province’s total starts to 17,791 for the first nine months of 2010, a 91-per-cent increase from the same period of 2009. However, September’s starts, extrapolated over 12 months, raised the pace of construction to 26,500 units on what economists call the seasonally adjusted annual rate…
Multiple-unit starts in B.C. spark September rebound in new-home construction
Homeowners face hardship if rates rise: Report
Filed Under Main Content · Tagged: Basis Levels, Canada Mortgage And Housing, Canada Mortgage And Housing Corp, Canadians, Chief Executive, Current Rates, Face Hardship, Home Loans, Interest Rates, Mortgage Brokers, Mortgage Holders, Mortgage Professionals, New Home Construction, Rose
Times Colonist- A new report from the country’s mortgage brokers suggests up to 375,000 Canadians with home loans are “challenged” by current rates and that figure will more than double if interest rates climb to 5.25%.
The report comes on the same day Canada Mortgage and Housing Corp. said builders continue to ramp up their activity with new home construction surpassing the 200,000 level in April on an seasonally adjusted annualized basis — levels not seen since 2008.
“I think overall the message is that we are being prudent and doing well. There are a lot of stats to support that,” said Jim Murphy, chief executive of the Canadian Association of Accredited Mortgage Professionals, whose study done in April found an additional 475,000 mortgage holders would have trouble making payments if rates rose to 5.25%…
