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While housing affordability is an increasingly fantastical concept for many Canadians, a new Zoocasa report has highlighted the markets where the average home price remains below the national benchmark of $621,515. Analyzing the latest data from the Canadian Real Estate Association, Zoocasa noted that the national average home price grew by 23% annually in January. Of the [&hellip…
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Article content Albertans are a largely positive lot when it comes to the prospect of buying a home. That’s the finding of a recent national survey of Canadians regarding homeownership by Mortgage Professionals Canada. “The indicator of whether it’s a good time to buy is very strong in Alberta right now, and that’s because it’s so affordable there after five [&hellip…
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Amid the prevailing environment of low interest rates and sustained housing demand, Canadian households added approximately $108 billion in outstanding mortgage balances by November, according to Statistics Canada. This far outstripped the levels of borrowing in 2018 (roughly $46 billion) and 2019 (around $72 billion). “Government-orchestrated measures, such as the Canadian Economic Recovery Benefit, the six-month mortgage [&hellip…
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