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Stories Tagged - CMHC
News
June 25, 2015 | Nolan Matthias
Calgary market remains great investment
Five reasons to buy rentals in the city
It appears as though Calgary real estate will continue to be a great investment for investors looking to become landlords.
This week the Alberta government quelled fears of impending rent controls, signaling the market will continue to support investment real estate as a method of wealth accumulation.
It appears as though Calgary real estate will continue to be a great investment for investors looking to become landlords.This week the Alberta government quelled fears of impending rent controls, signaling the market will continue to support investment real estate as a method of wealth accumulation.
News
June 17, 2015 | CREBNow
Rise of the rentals
Market sees rise in vacancies, rents
Calgarians looking to find rental housing have been treated to more selection in recent months.
According to a report from Canada Mortgage and Housing Corporation (CMHC), Calgary's vacancy rate in April stood at 3.2 per cent. The number is more than double the rate seen last April, when CMHC reported Calgary vacancies at just 1.2 per cent.
Across Alberta's urban centres, the rental apartment vacancy rate was 3.4 per cent in April 2015 compared to 1.8 per cent in April 2014, according to the report.
Calgarians looking to find rental housing have been treated to more selection in recent months.
According to a report from Canada Mortgage and Housing Corporation (CMHC), Calgary's vacancy rate in April stood at 3.2 per cent. The number is more than double the rate seen last April, when CMHC reported Calgary vacancies at just 1.2 per cent.
Across Alberta's urban centres, the rental apartment vacancy rate was 3.4 per cent in April 2015 compared to 1.8 per cent in April 2014, according to the report.
News
June 03, 2015 | CREBNow
Construction connection
Resale market impacting housing starts outlook
The sound of hammers has quieted in Calgary.
Following a record-breaking year for new home construction in the city, the pace has slowed considerably in 2015.
Through the first five months of year, the number of new homes starts in Calgary has numbered 3,954 – a 32.5 per cent drop from the same period in 2014.
The decline was even more dramatic in April, with just 777 homes breaking ground during the month compared to 1,952 during the same time last year – a decline of more than 50 per cent.
The sound of hammers has quieted in Calgary.
Following a record-breaking year for new home construction in the city, the pace has slowed considerably in 2015.
Through the first five months of year, the number of new homes starts in Calgary has numbered 3,954 – a 32.5 per cent drop from the same period in 2014.
The decline was even more dramatic in April, with just 777 homes breaking ground during the month compared to 1,952 during the same time last year – a decline of more than 50 per cent.
News
April 08, 2015 | Nolan Matthias
CMHC increases likely to have little effect
Alberta registration changes are another story*
Canada Mortgage and Housing Corp. (CMHC) recently announced it would be implementing higher premiums for borrowers who have less than a 10 per cent down payment.
The move means Canadians seeking a mortgage with a loan-to-value ratio of up to 95 per cent will see their premiums jump about 15 per cent from 3.15 to 3.6 per cent. For those with a loan-to-value ratio from 90.01 to 95 per cent, their premiums will climb from 3.35 to 3.85 per cent.
The Crown corporation's move, which takes effect June 1, has since been matched by private-sector insurer Genworth Canada. Canada Guaranty, the country's third main mortgage insurer, had not made an announcement as of press time.
Canada Mortgage and Housing Corp. (CMHC) recently announced it would be implementing higher premiums for borrowers who have less than a 10 per cent down payment.The move means Canadians seeking a mortgage with a loan-to-value ratio of up to 95 per cent will see their premiums jump about 15 per cent from 3.15 to 3.6 per cent. For those with a loan-to-value ratio from 90.01 to 95 per cent, their premiums will climb from 3.35 to 3.85 per cent.
The Crown corporation's move, which takes effect June 1, has since been matched by private-sector insurer Genworth Canada. Canada Guaranty, the country's third main mortgage insurer, had not made an announcement as of press time.
News
Oct. 29, 2014 | Cody Stuart
Moving northwards
Airdrie's housing market on pace for record year
Housing affordability and changing lifestyle choices are fueling double-digit growth in Airdrie.
The city's residential resale housing market recently posted its best third quarter ever, with sales activity jumping 16 per cent to 455 units between July and September, according to CREB®. Year-to-date sales, meanwhile, have increased by 28 per cent to 1,354 units compared to the same period in 2013.
Housing affordability and changing lifestyle choices are fueling double-digit growth in Airdrie.
The city's residential resale housing market recently posted its best third quarter ever, with sales activity jumping 16 per cent to 455 units between July and September, according to CREB®. Year-to-date sales, meanwhile, have increased by 28 per cent to 1,354 units compared to the same period in 2013.
