Canadian Real Estate News Headlines (April 22nd 2019)
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I provide you with Canada’s news headlines for real estate news for today.
Here’s How Home Prices in Mississauga Compare to the Rest of Canada
While home prices are high—and staying high—in Mississauga and surrounding municipalities, other Canadian cities have seen a drop in home values.
According the data recently released by the Canadian Real Estate Association (CREA), the spring market has gotten off to a sluggish start, with another year-over-year sales decline noted in March.
CREA says activity throughout Canada fell 4.6 per cent from the same time period in 2018 - a six-year low for the month.
What Does the Future Hold for the Mortgage Stress Test?
Boom years in the Canadian real estate market led to concerns that a dangerous housing bubble was forming. The ‘B-20’ mortgage stress test was introduced at the start of 2018 with the intention of limiting high-risk lending, and with the knock-on effect of moderating property prices—but has it gone too far?
How housing is helping immigrant families close the wealth gap
The recent slump in real estate sales and prices in Canada has led some to question whether housing remains a good investment. For immigrant families in Canada, the stakes may be particularly high.
That’s because new research from Statistics Canada shows that investment in housing by immigrant families has been a major factor in helping them plug the wealth gap that exists between them and their Canadian-born compatriots.
Whereas the study found wealth growth for Canadian-born families has in recent years been driven both by increases in housing and registered pension plan assets, for immigrant families, housing alone has been the primary driver of wealth growth.
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