Canadian housing market expected to ‘moderate’ over next two years: CMHC


OTTAWA — Canada Mortgage and Housing Corp. says the country’s real estate market is expected to moderate over the next two years as the growth in housing prices is expected to slow to more in line with economic fundamentals. In its 2018 housing market outlook released today, the national housing agency projects housing starts and sales are both expected to decline in 2019 and 2020. It predicts housing starts for single and multi-unit starts will fall to between 193,700 and 204,500 in 2019, while sales are anticipated to be betweenRead More

How the 2026 Olympics could fix an Alberta town’s housing crisis

How the 2026 Olympics could fix an Alberta town's housing crisis

If Calgary wins a bid to host the 2026 Winter Olympics, the event could help solve one of Alberta’s most pressing housing problems. Canmore, a town nestled in the Rocky Mountains about 100 kilometres west of Calgary, is the most expensive place to live in Alberta. The average price of a house is just under $700,000, and rent for a one-bedroom unit starts at around $1,000 per month, not including utilities. The picturesque community, dotted with restaurants and cafes, is a popular stop for tourists. But for many of thoseRead More

Halifax approves groundbreaking affordable housing project

Halifax approves groundbreaking affordable housing project

CTV Atlantic Published Friday, September 14, 2018 10:01PM ADT Last Updated Friday, September 14, 2018 10:08PM ADT A Habitat For Humanity crew working on Drysdale Road in the Halifax suburb of Spryfield will soon be joined by many others. On Wednesday night, a Halifax Regional Council committee voted unanimously in favour of the affordable housing project at this site. “It’s the first of its kind in Canada, and we’re hopefully going to be able to accommodate a lot of families that can use it,” said District 11 Coun. Stephen Adams.Read More