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CMHC abandons mortgage loan insurance for condominium development.

Canada Mortgage and Housing Corporation announced that it is bringing in two changes in its mortgage insurance business. The Crown Corporation has been struggling in many fronts. While it is not exactly in a financial trouble but it has drawn critics from many areas. Some of them

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Housing Affordability Is Good – Due To Low Mortgage Rate – Report

According to Sal Guatieri, Senior Economist of BMO, the housing sales is at its normal level due to tighter mortgage rules and shrinking credit availability. Housing supply (starts) has shrunk to meet the weak demand. Nationally, unsold inventories of condos are not a big problem except Toronto.

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Canadian Condos – A Threat or Just a Myth?

CMHC today reported that the number of multiple starts (mostly condos) was higher last month in Toronto. The builders are still hoping for a nicer future. Their predictions are generally reliable; those tend to come from more grass-root level than many other analyses. In 2008 we saw

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TheStar.com | Real Estate | Condo projects in jeopardy

"I think we’ve definitely oversold the market," said Brian Johnston, president of home and condominium developer Monarch Corp. and a past president of the Ontario Home Builders’ Association. TheStar.com | Real Estate | Condo projects in jeopardy

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