Central Bank has hiked key rate five times since summer of 2017 The Bank of Canada kept its benchmark interest rate unchanged at 1.75 per cent Wednesday, despite a few dark clouds appearing on Canada’s economic horizon. The bank has raised its key rate five times since the summer of 2017, attempting to keep inflation in […]
2018 forecast: New mortgage rules could be boon for investors The new mortgage stress test, in addition to rapidly escalating housing prices, is keeping an increasing number of people in rental accommodations, and that’s good news for investors. “A+” tenants—people with high incomes and good credit—used to rent for about a year before purchasing their […]
Interest rate hikes, plunging oil prices, unresolved U.S.-China trade tensions and an uncertain Brexit outcome are all factors lifting market volatility from its doldrums of the past face years. However, even as the stock market works through its fourth major rout this year, the CBOE Volatility Index has remained in line with its long-term historical […]
A Falling Vacancy Rate Once per year, Canada Mortgage and Housing Corporation provides a comprehensive review of rental markets across Canada. The survey occurs during the first half of October. Results for this year were released on November 28. For October 2018, the vacancy rate was 2.4%, which was a substantial drop from the 3.0% […]
Top 5 Reasons to Use Mortgage Alliance Commercial Canada (MACC) MACC is Licensed across Canada with offices in Quebec, Ontario, Alberta, and BC MACC has maintained privileged relationships with all major lenders across the country to allow our clients to access better terms and conditions for their financing needs MACC simplifies and manage the entire process […]
Making News Overnight Rate In late October, the Bank of Canada (“BOC”) announced the third 25 bps rate hike this year, which brought the overnight target rate to 1.75%. The increase comes after continued strength in economic figures and the negotiation of the “new NAFTA” trade deal with Mexico and the U.S. This pushed the […]
Mortgage Loan Insurance for Multi-Unit Residential Properties AT-A-GLANCE CMHC mortgage loan insurance enables Approved Lenders to offer greater financing choices to borrowers providing standard rental housing accommodations in multi-unit residential buildings. LOAN PURPOSE Construction financing, purchase or refinance. PROPERTY TYPE AND SIZE ● Projects providing standard rental housing (self-contained units). ● Minimum project size of […]
Units in high-rise condos are a hot commodity, but critics worry they will hurt the city’s vitality On a cold Saturday morning in April, a small group of hockey fans mixed with real estate investors in the showroom of one of the many upscale condo developments in the city. The 55-storey tower bills itself as […]
Bylaw requiring real estate developers to build minimum number of parking spots to be nixed Mayor Valérie Plante said she wants to amend the bylaw so that parking spots are no longer mandatory at new residential buildings in the Ville-Marie borough. (Paul Chiasson/The Canadian Press) Condo developers will no longer be required to build a minimum […]
Middle-class families in Ottawa will benefit from 243 new rental units being built in the city with an investment from the federal government. Two projects will be financed through the CMHC’s Rental Construction Financing initiative including $70.8 million for the construction of a twenty-seven storey building with 227 rental housing units. More than 200 will […]
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