mortgages - Fix Team

Smith Financial to buy Home Capital Group as mortgage industry under strain

By:Building .caPosted: Nov 28th, 2022In: ConstructionNews

TORONTO – 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[...]

New home prices increase nationally in October

By:Building .caPosted: Nov 20th, 2021In: ConstructionNews

According 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[...]

Federal Budget 2021: Liberals top up long term plan for affordable housing

By:Building .caPosted: Apr 21st, 2021In: ConstructionNews

OTTAWA – 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,[...]

Experts, advocates say federal budget is hit and miss on housing

By:Building .caPosted: Apr 20th, 2021In: ConstructionNews

OTTAWA – 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[...]

Bank of Canada keeps key interest rate target on hold despite more upbeat forecast

By:Building .caPosted: Mar 11th, 2021In: ConstructionNews

OTTAWA – 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[...]

Romy Bowers named new head of CMHC, will succeed Evan Siddall in April

By:Building .caPosted: Mar 4th, 2021In: ConstructionNews

The 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[...]

Bank of Canada monitoring hot housing market amid early warning signs: Macklem

By:Building .caPosted: Feb 25th, 2021In: ConstructionNews

OTTAWA – 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[...]

Bank of Canada Shares Employment Recovery Outlook

By:Building .caPosted: Feb 23rd, 2021In: ConstructionNews

In 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[...]

Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week

By:Building .caPosted: Feb 22nd, 2021In: ConstructionNews

TORONTO – 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,[...]

Suburbs lead the way in housing completions as starts also climb: CMHC

By:Building .caPosted: Feb 16th, 2021In: ConstructionNews

The 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[...]