More Foreign Buyers in Montréal’s Real Estate Market

According to the Québec Federation of Real Estate Boards (QFREB), yesterday’s announcement by the Ontario government of a 15 per cent tax on property purchases by foreigners in Ontario could increase the presence of foreign buyers in the Montréal real estate market. However, the QFREB does not expect any major short-term impacts. The proportion of…

Canadian housing starts trend upwards in March

Canadian housing starts Housing starts are trending higher at 211,342 units in March 2017, compared to 205,521 units in February 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “March housing starts were at their highest…

CMHC to Introduce Changes to Multi-Unit Mortgage Loan Insurance to Better Support Rental Housing

The rental market is an important housing option for approximately 30% of Canadians. Effective May 15, CMHC will introduce enhancements to its multi-unit mortgage loan insurance that will address the rental needs of Canadians while supporting efforts to expand and preserve the supply of affordable rental housing. “CMHC’s products and services facilitate access to housing…