Roughly three-quarters of Canadian credit debt consists of mortgage payments, according to TransUnion Canada’s Q2 2024 Credit Industry Insights Report. The new report found Canada’s total credit debt grew by 3.2% year-over-year to a record $2.41 trillion. Mortgage...
The Canadian government announced the launch of the Canada Public Land Bank, which features 56 federal properties identified as being able to support housing. Among the properties within the new entity are five sites that now intended for leasing and ready for...
The annual pace of Canadian housing starts dropped by 9% from May to June, according to new data from Canada Mortgage and Housing Corp. (CMHC), adding the seasonally adjusted annual rate of housing starts in June amounted to 241,672 units, down from 264,929 in May....
The influx of immigrants into British Columbia is exacerbating the province’s housing market challenges, according to “BC Check-Up: Live,” an annual report by the Chartered Professional Accountants of British Columbia (CPABC). According to the report, British Columbia...
Quebec recorded a total of 26,166 residential sales in the second quarter 2024, up 12% year-over-year, according to the Quebec Professional Association of Real Estate Brokers (QPAREB). This level of activity was higher than the average recorded for this time of year...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
