We were warned earlier in the year that the Canadian Mortgage and Housing Corporation (CMHC) would be backing fewer Canadian home loans moving forward, but little seems to have changed on the ground. Now, the new federal budget is planning for greater oversight of the federal crown corporation, which was founded to provide insurance on [...]
Canada Housing and Mortgage Corporation (CMHC) released their third quarter update on the Saskatoon housing market late last week. It takes a look at third quarter and year-to-date activity in new homes as well as resale activity. Here are some highlights from the report. Third quarter housing starts slipped lower to 735 units, down 4 [...]
Amidst a rising chorus of “soft landing” predictions for Canada’s housing markets, one Canadian economist, David Madani is singing a different tune that may or may not be music to your ears. Madani, in a report released this week titled, “Canada Economics Focus, house prices likely to fall for several years” says rising interest rates [...]
According to Canada Mortgage and Housing Corporation (CMHC) Saskatoon housing starts and MLS® resale activity will move in opposite directions, this year and next. In their fall Housing Market Outlook for the Saskatoon area, CMHC is forecasting that Saskatoon housing starts will finish 2010 at 2,125 units, up from 1,936 in 2009, before falling to [...]
It seems that nobody has bothered to tell the new housing side of the Saskatoon real estate market about the “downturn” and the pending doom that some are predicting for Canadian housing. Just last week, Canada Mortgage and Housing Corporation (CMHC) released their preliminary housing starts data for September of 2010 which shows housing starts [...]
Canada Mortgage and Housing Corporation (CMHC) released its flagship annual report on Thursday and while I have not yet had time to read it, I wanted to get it posted here in case you’d like to give it a go. This is not your typical CMHC report. Rather, it’s an extensive review of the “state [...]
Canada Mortgage and Housing Corporation (CMHC) released their 3rd quarter Canadian housing forecast this morning. With hundreds of billions of dollars riding on insured mortgages, nobody will claim that CMHC doesn’t have a fair bit of skin in the real estate market and is not exactly an unbiased source. Just the same, they have a [...]
Saskatoon home builders were busy starting 177 homes during the month of April, a significant rebound from 2009’s miserably low number of just 25 homes according to a report released by Canada Mortgage and Housing Corporation (CMHC) today. So far this year, 542 homes have been started in the Saskatoon census metropolitan area, up from [...]
The Canada Mortgage and Housing Corporation (CMHC) released it Canadian Housing Market Outlook for 2010 today predicting residential resale activity across Canada will grow by just less than five percent to 486,700 while new housing starts rise by roughly as much to 175,150. According to CMHC the average price of a resale home in Canada [...]
The Canada Mortgage and Housing Corporation’s (CMHC) Fall Housing Market Outlook for the Saskatoon area is calling for a 2.7 percent price reduction in the average resale price of a Saskatoon home in 2009, followed by a more marginal gain of 2.1 percent in 2010. “With sales on the rise and listings trending down, the [...]
The Canada Mortgage and Housing Corporation (CMHC) released their Spring Housing Market Outlook for the Saskatoon CMA today. Here’s the gist of it. After the strongest two-year performance since the late 1970′s, Saskatoon single-detached housing starts will decline to 600 units in 2009 and bounce back to 725 units in 2010. The 2009 singles forecast [...]
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