Canadian Real Estate News Headlines (April 17th 2019)

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today.

Immigrant families more likely to own home than add to pension plan, StatsCan says

Immigrant families who have been in Canada for more than two decades tend to be worth more than families who were born in the country, new data from Statistics Canada released Tuesday shows.

The data agency released an analysis of numbers from 1999 to the 2016 census, comparing immigrant families with those born in Canada and looking at various aspects of their financial lives.

The findings show that both groups have, on the whole, seen a big increase in their wealth over the past two decades.

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The Canadian Real Estate Industry Is Also Seeing National Price Declines

Canadian real estate prices turned negative, but not all markets are suffering. Canadian Real Estate Association (CREA) numbers show the national price index declined for a second month in a row. Prior to last month, price declines weren’t seen since September 2009, almost a decade ago. Despite the national drop, underperforming markets are beginning to boom.

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Canada Should Revisit Mortgage Rules as Housing Cools, CIBC Says

One of Canada’s largest banks is calling on the federal government to reconsider controversial new mortgage rules, as the transfer of risk to unregulated lenders potentially makes the market riskier than it appears. 

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