What home prices will look like in Calgary in 2018
Posted by Kirby Cox on
Last week, the Royal LePage Market Survey Forecast was released, with some notable predictions for the year ahead in real estate in Canada. The survey measures home prices in 53 major Canadian cities, and in terms of nationwide predictions, the average home price in Canada is expected to jump 4.9 per cent to $661,919 by the end of 2018.
One of the most significant regulatory interventions in the housing industry in years is the incoming Office of the Superintendent of Financial Institutions (OSFI) mortgage financing stress test, which will take effect on January 1, 2018. The stress test targets existing and prospective homeowners applying for a mortgage, requiring them to meet stricter criteria when seeking new financing. With a large number of…
1650 Views, 0 Comments