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Housing starts climbed 1.9% in August: CMHC

Tuesday Sep 10th, 2019

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Canada Mortgage and Housing Corp. says the pace of new housing starts in August climbed 1.9 per cent compared with July. The housing agency says the seasonally adjusted annual rate of housing starts rose to 226,639 units in August, up from 222,467 units in July. Economists on average had expected an annual pace of 215,000, according to financial markets data firm Refinitiv. The six-month moving average of the monthly seasonally adjusted annual rate of housing starts in Canada increased... [read more]

Toronto real estate investors deny they're driving up the market

Monday Nov 7th, 2016

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Domestic investors make up 25% of real estate agent client base, survey suggests     Peter Walsh says that since arriving in Toronto a decade ago, he and his wife have purchased three houses and two condos. But he rejects the idea that their property investments are contributing to the affordability crisis in the city's red-hot real estate market. "I wouldn't like to think of us as kind of ruining the market... [read more]

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