Looks like mortgage stress testing came just in time for Canadian real estate buyers. Canada Mortgage and Housing Corporation (CMHC) numbers via Equifax show more borrowers turned to huge mortgages in Q4 2018. The share of large mortgages far outgrew the pace of more modestly sized ones across the country.
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Properties with a view of the sea can command prices up to 32 per cent higher than a similar property with no sea view, a study has found.
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Mirvac, one of the country’s largest high density residential developers, has launched the first $1 billion build-to-rent ”club” to help address the pressure on housing affordability.
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The sun glints off a sea of vehicles all trying to get into one lane of traffic.
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OPEC’s oil production jumped to a 2018 high in July, as Saudi Arabia and its close Gulf allies boosted production, a Reuters survey showed on Monday.
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The City of Calgary has started reviewing 261 development permit applications for cannabis stores, and officials say prospective retailers can expect to hear a decision by Aug. 10.
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Renovations are underway on the former Enbridge Tower with reservations not far behind as the 23-storey building begins development into a downtown hotel.
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A Calgary-based firm responsible for the $763-million Grande Prairie Regional Hospital project has defaulted on its schedule, says the province.
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Alberta Health Services says it is working to resolve staffing challenges in the emergency department at Red Deer Regional Hospital.
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Some Gasoline Alley businesses fear sales will take a hit because of the removal of the service road on the west side of Hwy 2.
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