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Lender calls for new CMHC mortgage-backed securities program to activate market

1 week ago

Lender calls for CMHC mortgage-backed securities program

If the Canada Mortgage and Housing Corporation (CMHC) were to create a new mortgage securitization program, it would encourage a more vibrant market for the financial instrument and open up more home financing options, according to one industry executive.

Realtors share how tariffs are impacting business

Realtors on the front lines are seeing the fallout from Canada’s trade war with the U.S. unfold in real time as would-be homebuyers grow increasingly hesitant to make a move.

Is Canada’s spring housing market ‘dead on arrival’?

Spring is typically the time of year when activity in Canada’s housing market heats up, but this year’s spring housing market appears to be dampened by the threat of U.S. President Donald Trump’s tariffs.

Toronto real estate market turns to ice

The Canadian Real Estate Association confirms that tariff uncertainty sent sales into a tailspin across the country in February – with the Greater Toronto Area and surrounding parts of Ontario hardest hit.

Vancouver housing better prepared for tariffs than T.O.: TD

Vancouver’s housing market is stronger than Toronto’s heading into turbulence brought on by tariffs, according to an analysis by TD Economics. While Metro Vancouver faces well-known affordability challenges, its market has demonstrated resilience, the analysis said.

Feds promising billions in loans for Toronto rental housing

As Canada’s housing market has pumped the brakes, the federal government says it will offer $2.55 billion in low-cost loans for rental housing in Toronto — as a tradeoff for city hall offering some relief on development fees and taxes.

Moncton may allow 4-unit residential buildings across city

Moncton council took the first step Monday to allow four-unit residential buildings across the city, a change it had pledged to receive federal housing funds. The bylaw, which passed first reading, would affect all residential zones.

Edmonton community pushes back on mid-block apartments

Members of Edmonton's Garneau community are pushing back against a proposal for an apartment building, arguing a building up to four storeys tall isn’t wanted or needed in the middle of a historic block of homes.

Toronto row houses sit empty amid housing crisis

A row of houses on prime land in the downtown east neighbourhood of Cabbagetown are in limbo. City hall says it hired an engineer to assess the damage but the list of needed repairs on-site is expected to be extensive.

Canadian rental market sees coming boom in vacancy rates

Tenants looking for rental housing in Canada may be encouraged by reports showing national rental rates continue to fall, though some markets are beginning to show price increases amid a mixed bag of economic and market conditions across the country.

Montreal limits short-term rentals to summer months

Montreal has implemented new rules that will limit most short-term rentals to the summer months in an attempt to ease the city's shortage of affordable housing. Rentals through sites like Airbnb will be permitted between June 10 and Sept. 10.

'Staggering' reach of 'shadow' mortgage broker revealed

B.C.'s financial regulator has cancelled the licence of a real estate agent who used the services of a so-called 'shadow' mortgage broker to buy a house using fake financial statements a year after declaring a negative annual income of $459.

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