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Category: Latest Industry Changes

CMHC’s Siddall Warns Homeownership “Party” Coming to an End

The head of the Canada Mortgage and Housing Corporation (CMHC) gave a candid assessment of the country’s housing market, saying the homeownership “party” will come to an end. Evan Siddall made the comments during an interview with BNN’s Amanda Lang on Thursday. “Lukewarm would be the temperature [of Canada’s housing market],” he said, noting that expectations for future growth have eased up. “Part of that is in response to policy actions that people may think are more

Scrapping mortgage rules would boost Canadian home prices: TD

The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than originally intended, Toronto-Dominion Bank says. Home sales were about 40,000 lower between the final quarter of 2017 and the same period a year later than they otherwise would have been without the rules, according to a note to clients Tuesday by TD economists Rishi Sondhi, Ksenia Bushmeneva and Derek Burleton. That translates into abou

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