Brokers sceptical over CMHC foreign ownership data… Rental vacancies increase but still tight in many areas… Harper says the budget will still balance despite lower oil revenues… Housing starts fall in the US…
In a first for CMHC, the Crown corporation has asked property managers in its Rental Market Survey to disclose what percentage of units are owned by foreign investors.
CMHC admits data vacuum on foreign investors… Vancouver property tax is outdated and unfair say critics… Calgary’s population keeps on growing… US housing market continues to grow…
While CMHC and others move towards quantifying data around foreign investment in Canada’s housing market, it is important those efforts not be seen as open season on international buyers, caution analysts.
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The event will also feature a panel of industry experts and a presentation on the state of the Hamilton-Burlington housing market