Buyers with the lowest income purchase the most expensive properties
Buyers in the lowest income quintile purchased properties with the highest median price-to-income ratio in 2018—especially in Vancouver. Income quintiles divide buyers into five equal groups based on their incomes; quintiles are calculated independently for each province.
CMHC assessment surprises Vancouver agents
The average home price in Vancouver is $1.1 million—highest across Canada—and the local real estate board reports the number of listings have crashed to 40-year lows.
0.95 per cent mortgage offered
CIBC has lowered its special-offer uninsured 5-year fixed rate mortgage further by taking it down another 15 basis points (bps) on September 24 to 2.24 per cent. It also chopped its insured 5-year fixed mortgage to 1.99 per cent.
Drones Top Roofing Tool
Flying eyes can improve safety and give birds-eye view for repairs.
Attack on Demand
Governments are gutting Canada’s housing market by stifling demand and stalling supply.
Market Report: Quebec Steps Up
La belle province has its housing groove back.
Design, build and keep the HAMMERDOWN
Despite government disruptions home builders delivered 200,000 new homes and more than one million jobs in 2017.
TOOL TALK: Renovation is Outpacing New Construction
One characteristic of renovation is that contractors are more a jack of all trades, using a wider variety of tools than new construction workers and often dabbling in fields that are not their speciality.
COMMON CENTS CONSTRUCTION:
Future-Proofing the Home Building Industry.
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