CMHC spring rental vacancy rates in BC According to Canada Mortgage and Housing Corporation's (CMHC) spring Rental Market Survey(1), the British Columbia apartment vacancy rate was 3.5 per cent in April 2013. "This spring rental market was stable compared to last spring. Vacancy rates...

Calgary rental apartment vacancy rate lowest in Canada CALGARY ` Calgary`s rental apartment vacancy rate is the lowest in the country with average monthly rents increasing the highest, according to Canada Mortgage and Housing Corp. In its spring Rental Market Survey released Thursday...

Apartment vacancy in Alberta is down, says CMHC Apartment vacancy in Alberta has declined, according to a new report from the Canada Mortgage and Housing Corporation (CMHC). The average apartment vacancy rate in Alberta`s urban centres was 1.5 per cent in April 2013, down from 3.0 per...

Montreal condo builder aims for competitive edge with novel price scheme Montreal condo developer Sam Scalia thinks he has devised a sales plan that is pretty unique: If prices in the city fall before construction is completed, he`ll eat the difference. Up to a point. Devmont, founded...

Ottawa rental vacancy rate highest of urban centres in Ontario OTTAWA ` Ottawa apartments on both sides of the provincial border are sitting empty, according to rental vacancy rates released Thursday by the Canada Mortgage and Housing Corporation (CMHC). On the Ontario side, 3.7 per cent...

Vacancy rates mixed in Nova Scotia According to Canada Mortgage and Housing Corporation's (CMHC) Spring Rental Market Survey, the overall vacancy rate in Nova Scotia's urban centres was unchanged in April 2013 at 3.4 per cent. "Vacancy rates in urban centres in Nova Scotia were mixed in...

Estevan's vacancy rate hits zero There aren't any rental properties available in Estevan, according to the Canada Mortgage and Housing Corporation's April 2013 rental property report, which was released June 20. "The increase in heavy oil production contributed to job growth and...

Saskatchewan cities see increase in vacancy rates A spring snapshot market survey by the Canada Mortgage and Housing Corporation shows slight increases in the apartment vacancy rates for Saskatchewan`s two biggest cities. In Saskatoon, the vacancy rate increased from 3.1 per cent last...

Affordable housing still difficult to obtain in Saskatoon despite increase in vacancy rate According to the Canada Mortgage and Housing Corporation, Saskatoon has seen a slight increase in vacancy rates. It`s currently sitting at 3.3 per cent ` a slight increase from this time last year...

Increase in Manitoba rental unit construction takes pressure off The light at the end of the tunnel is getting a little brighter for Manitoba apartment-seekers, although it's still far from blinding, according to the results of the latest market survey by the Canada Mortgage and Housing...

Canada's big banks moving to increase rates A number of Canada`s largest banks are moving to increase some of their mortgage rates. Scotiabank and the Royal Bank of Canada on Thursday became the latest to announce a round of increases covering various terms of what they call special...

Alberta economy to be Canadian growth leader over next 2 years CALGARY ` Alberta`s economy is positioned to grow at the top-end of Canada`s provincial economic growth rankings in 2013 and lead the country in 2014, says a new report released Wednesday by RBC Economics. The Provincial...

RBC raises growth forecast for Canada TORONTO ` Canada's growth outlook appears to be stronger than previously thought, thanks to an improving trade picture and the strength of corporate balance sheets, economists at the Royal Bank of Canada said Wednesday. RBC Economics raised its...

Bank of Canada in uncharted territory BURLINGTON, ONT. - The Bank of Canada cannot rely on its usual models to assess the economy because of unexpectedly high levels of uncertainty, with the biggest risks coming from abroad, the new central bank chief, Stephen Poloz, said on Wednesday...

Canadian economic outlook given bounce from U.S. recovery TORONTO ` An anticipated financial recovery south of the border is likely to help economic growth in Canada, economists said Wednesday, although the U.S. is likely to outpace its neighbour for the first time in years. RBC...

Canadian household debt ratio falls The ratio of Canadian household debt to disposable income fell for a second quarter after reaching a record last year, suggesting consumers are heeding warnings about the risks of too much borrowing. Credit-market debt such as mortgages fell to 161.8...

IMF warns Spain on unemployment The International Monetary Fund is warning that Spain risks high joblessness and sluggish growth for years unless its takes `urgent action`. In its annual assessment of the Spanish economy, the IMF does praise the Madrid government for reforms that have...

U.S. real estate prices will climb US real estate prices are climbing. The news can impact soft market prices for softwood lumber in Canada and Northwestern Ontario. Higher prices are an economic indicator of demand exceeding supply. If the housing starts in the United States climb, the...

Alberta home sales expected to rise: CREA Alberta is one of only two provinces that will see a rise in home sales this year, according to the Canadian Real Estate Association (CREA.) The industry group representing Canadian realtors reported Alberta and Prince Edward Island will see an...

BC's economic growth to stagnate this year B.C.`s economic growth in 2013 will not rise above its 2012 performance, RBC is reporting today. B.C. and Alberta are the only provinces that RBC does not expect to see growth in provincial GDP. For B.C., RBC is forecasting provincial...