Smith Financial to buy Home Capital Group as mortgage industry under strain
Posted: Nov 28th, 2022In: ConstructionNewsTORONTO – Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising[...]
Read More about Smith Financial to buy Home Capital Group as mortgage industry under strainNew home prices increase nationally in October
Posted: Nov 20th, 2021In: ConstructionNewsAccording to the Statistics Canada ‘New Housing Price Index, October 2021’, new home prices increased 0.9% in October nationally, slightly higher than the rise observed over the past four months. Prices were up in 15 of the 27 census metropolitan[...]
Read More about New home prices increase nationally in OctoberFederal Budget 2021: Liberals top up long term plan for affordable housing
Posted: Apr 21st, 2021In: ConstructionNewsOTTAWA – The federal government topped up its housing and infrastructure plans in Monday’s budget, but held back on an overhaul as homes and cities grow increasingly unaffordable. In the first budget in more than two years,[...]
Read More about Federal Budget 2021: Liberals top up long term plan for affordable housingExperts, advocates say federal budget is hit and miss on housing
Posted: Apr 20th, 2021In: ConstructionNewsOTTAWA – Experts and advocates say countrywide government measures aimed at putting housing within reach of more Canadians mark a step in the right direction, despite a few misses and ham-fisted moves. Monday’s federal budget[...]
Read More about Experts, advocates say federal budget is hit and miss on housingBank of Canada keeps key interest rate target on hold despite more upbeat forecast
Posted: Mar 11th, 2021In: ConstructionNewsOTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday even as it said it now expects the economy will grow over the first three months of this year, an about-face from its previous forecast just weeks[...]
Read More about Bank of Canada keeps key interest rate target on hold despite more upbeat forecastRomy Bowers named new head of CMHC, will succeed Evan Siddall in April
Posted: Mar 4th, 2021In: ConstructionNewsThe Canada Mortgage and Housing Corp. has chosen Romy Bowers to succeed Evan Siddall as its chief executive next month. Previously a managing director at Bank of Montreal, Bowers has been with the federal housing[...]
Read More about Romy Bowers named new head of CMHC, will succeed Evan Siddall in AprilBank of Canada monitoring hot housing market amid early warning signs: Macklem
Posted: Feb 25th, 2021In: ConstructionNewsOTTAWA – Bank of Canada governor Tiff Macklem says the central bank is seeing early signs that people may be purchasing homes solely because they believe prices may go up. Macklem says rising prices in[...]
Read More about Bank of Canada monitoring hot housing market amid early warning signs: MacklemBank of Canada Shares Employment Recovery Outlook
Posted: Feb 23rd, 2021In: ConstructionNewsIn a speech today to chambers of commerce in Calgary and Edmonton, Bank of Canada Governor Tiff Macklem discussed how the economy and jobs could be different after the COVID-19 pandemic and what we can do to[...]
Read More about Bank of Canada Shares Employment Recovery OutlookCanadian banks, bellwethers of pandemic recovery, to reveal key statistics this week
Posted: Feb 22nd, 2021In: ConstructionNewsTORONTO – Canada’s biggest banks will report their quarterly financial results this week, and analysts say they will be listening for hints as to how bank executives view the economic recovery from COVID-19. John Aiken,[...]
Read More about Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this weekSuburbs lead the way in housing completions as starts also climb: CMHC
Posted: Feb 16th, 2021In: ConstructionNewsThe suburbs surrounding Toronto, Montreal and Vancouver’s are fueling an uptick in homes beginning construction and properties ready for occupancy, says Canada Mortgage and Housing Corp. In two reports released Monday, the federal housing agency[...]
Read More about Suburbs lead the way in housing completions as starts also climb: CMHC