Potential exists that first-time homebuyers are starting to get priced out of the market
New mortgage stress rules come into effect on June 1
Many households have taken on large mortgages compared with their income
Multiple offers on properties common, leading to sales above listing prices
Market watchers say a countrywide tax on non-resident homebuyers amounts to a ham-fisted approach
CMHC says the six-month moving average of the monthly seasonally adjusted annual rates was 273,664 in March
And still no protection for people who can’t pay rent due to COVID-19
5,000 new housing units needed by 2025
The suspicious January fire dispossessed 15 families in Port Hardy
Plan calls for up to 300 new units built in two phases
Values up 5% to 8% locally
Lumber prices have added as much as $30K to the construction cost of a typical 2,500-square-foot house
The report also forecasts a firmer rental market through 2022 as economic conditions normalize
Landlord will pay you damage, first month’s rent to take his tenant
Indigenous housing providers are pushing for the government to finally unveil a plan
The seasonally adjusted annual rate of housing starts rose to 214,875 units last month
Two highway properties and Owl’s Nest Bakery and Bistro sold
