Canada Mortgage and Housing Corp. says it has downgraded the vulnerability of several cities in the Prairies while Canada's housing market remains moderately vulnerable.
The federal government is changing the stress test rate for insured mortgages starting April 6 that experts say should make it marginally easier for some buyers to purchase their first home, or owners refinancing their existing mortgages.
The pace of housing starts climbed in January from a month earlier on gains in Ontario and Quebec while starts declined in Western Canada, said Canada Mortgage and Housing Corp.
New home sales in the Greater Toronto Area climbed 47 per cent last year after drops in both single-family and condo sales a year earlier, said a report by Altus Group out Thursday.
