Prices, sales and housing starts have all soared in major markets despite the pandemic
The head of the central bank warns of “excess exuberance” in the housing market
Other forms of borrowing declined as mortgages swelled
Sales were up 35.2% compared with a year earlier, according to CREA
Think twice before investing in real estate outside urban centres, a new report cautions
Sales were up 52.1% year over year
The pandemic has resulted in increased market supply
Sales rose to 6.48 million for 2020, the highest level since 2006
Robust consumer spending may drive inflation and a rate hike sometime in 2022
CMHC stress test evaluates the impact of various economic scenarios