Canadian Real Estate News Headlines (March 2nd 2019)
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I provide you with Canada’s news headlines for real estate news for today.
CMHC sets target to make housing affordable for every Canadian by 2030
A federal housing agency hopes to see every Canadian with an affordable home by 2030 with a plan that lays out a path of experimentation to make it happen.
The Canada Mortgage and Housing Corporation says today that meeting that 2030 target will take help from governments and the economy -- hence the aspirational nature of the goal.
Toronto And Vancouver Real Estate See Mortgage Delinquencies Start To Climb
Toronto and Vancouver real estate is seeing default rates climb from recent lows. Canada Mortgage and Housing Corporation (CMHC) numbers show the ratio of delinquencies is climbing in both cities as of Q3 2018. The increase is most notable for the largest mortgages, a potential sign that reduced liquidity is making an impact.
Jethro Seymour, Toronto Real Estate Broker,
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