20 Nov

2014 CMHC First-Time Homebuyers Survey

General

Posted by: Eileen Crosbie

Today’s generation of first-time homebuyers are increasingly using the Internet to their advantage when researching mortgages. CMHC’s recently released 2014 First-Time Homebuyers Survey backs that up.
 
The report found that 84% of first-time buyers went online to gather information about mortgage options and features. The figure was 76% for repeat mortgage consumers.
 
First-timers were also more active online compared to other mortgage shoppers. A full 80% of first-time buyers used an online mortgage calculator, for example, compared to 72% of other mortgage consumers.
 
Social media also factored into their online research in 2014, with 40% of new buyers using it when researching mortgage options – almost double that of other mortgagors. That’s up from 28% just a year ago.
 
Click here to read more from CanadianMortgageTrends.com.

FTH survey 2014

20 Nov

Steady as she goes for Canadian housing market in 2015, says CMHC

General

Posted by: Eileen Crosbie

CMHC says it expects housing starts in 2015 to be about the same as they were this year, and in line with economic and demographic trends.
 
On an annual basis, CMHC expects housing starts to range between 186,300 and 191,700 units in 2014, with a point forecast of 189,000 units.
 
Next year, the agency says it expects housing starts to range between 172,800 and 204,000 units, with a point forecast of 189,500 units.
 
The national housing agency says “some moderation is expected” in 2016, predicting housing starts will range between 168,000 and 205,800 units, with a point forecast of 187,100 units.
 
Click here for more details form the Financial Post.

CMHC said Thursday it expects housing starts to range between 172,800 and 204,000 units, with a point forecast of 189,500 units.