House prices fall, Montreal outlook, Non-bank lenders, Fraser Valley, Building permits, More

National average home prices are falling – but are they relevant?

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05 August 2022

Top news National average home prices are falling – but are they relevant? Measure is an imprecise way of judging housing market's health, suggests economist Montreal market: Where are house prices headed? The city has witnessed continued price growth despite the impact of rate increases New podcast: The rise of mortgage technology Mortgage tech is on the rise as one of the mortgage industry's leading news topics Axiom Innovations StatCan: Mortgage activity remains strong among non-bank lenders Trend builds on substantial annual increase in Canadian residential mortgage debt last year StatCan: Value of building permits posts notable decrease However, the apartment and condo sectors continue to yield some of the highest-valued permits nationwide Rate increases make themselves felt in the Fraser Valley market The impact was especially apparent in home sales activity and average prices Atrium MIC announces latest executive move New executive begins work effective Sept. 12 Municipality asked to join affordable housing efforts "We need to create varying amounts of capacity" Canada to challenge US lumber duties They have caused "unjustified harm" International news What's happening with UK house prices? Halifax reveals the latest Experts have their eyes on a slowdown… Big banks to shutter dozens of branches Branch closures will cost 182 people their jobs over the next few months, says FSU Lending demand continues to tumble Mortgage applications down almost 30%, study shows What to do when you're a broker facing margin compression It takes true grit in challenging times… CMPTV How is technology impacting Canada's mortgage industry? Leading executives on their companies' approach to tech in the mortgage space

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