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The value of building permits issued by Canadian municipalities fell 5.8% to $7.0 billion in March, marking a second consecutive monthly decrease. Nationally, the decline was mainly the result of lower construction intentions for multi-family dwellings, particularly in British Columbia and Ontario. All provinces and territories, except Ontario and Quebec, registered decreases in the total value of building permits in March. Residential sector: Multi-family component registers large decline Municipalities issued $4.6 billion worth of residential building permits in March, down 8.4% from February. A notable decrease in the multi-family component more than offset higher construction intentions for single-family dwellings. Eight provinces reported declines in the residential sector in March, led by British Columbia and Ontario. British Columbia and Ontario registered the biggest declines in the multi-family component in March, stemming from apartment buildings and, to a lesser extent, row houses. Conversely, single-family construction intentions rose 3.0% to $2.7 billion in March, with Ontario and Alberta leading the four provinces that posted gains. In March, Canadian municipalities approved the construction of 16,821 new dwellings (-14.7% compared with February), consisting of 10,745 multi-family units (-19.4%) and 6,076 single units (-4.8%). Provinces: British Columbia posts notable decline British Columbia registered the largest decrease in the value of building permits in March, while Ontario and Quebec were the only provinces to report higher construction intentions. Multi-family dwellings were mainly responsible for the decline in British Columbia, led by apartment buildings. In Ontario, the large decrease in multi-family construction intentions was more than offset by increases in every other building component. Meanwhile, the gain in Quebec was mainly due to institutional structures, specifically nursing homes. Census metropolitan areas: Vancouver registers largest decrease The value of building permits fell in 19 of 36 census metropolitan areas in March. Vancouver reported the largest decline, while Montral registered the biggest increase. After posting two consecutive monthly increases, Vancouver registered a decrease in the value of building permits in March on the weakness of multi-family dwellings. Every component reported declines, except single-family dwellings. In Montral, the gain was mainly due to construction intentions for a retirement nursing home, as well as increased intentions for apartment-condominium constructions. Edmonton posted the second-largest gain in the value of building permits among the census metropolitan areas in March, mainly the result of higher construction intentions for residential buildings. Apartment buildings led the advance while the single-family dwelling component increased for a third consecutive month.
A good credit report and credit score are important factors in determining whether or not you will be approved for a mortgage. Here are some simple steps you can take to maintain a good credit history, and improve your chances of being approved.
What is a Credit Score Your credit score is a number that illustrates your financial health at a specific point in time. It also serves as an indicator of your financial past, and how consistently you pay off your bills and debts. This is one of the factors mortgage professionals consider in qualifying you for a mortgage. How to Check Your Credit Score To find out your credit score, contact Canadas two credit-reporting agencies: Equifax Canada at www.equifax.ca and TransUnion Canada at www.transunion.ca. For a fee, these agencies will provide you with an online copy of your credit score as well as a credit report a detailed summary of your credit history, employment history and personal financial information on file. You can also obtain a free copy of your credit report by mail. If you find any errors in your report, notify the credit-reporting agency and the organization responsible for the inaccuracy immediately. If You Do Not Have a Credit Score Its important to begin building a credit history as early as possible. You can begin to build one by applying for and responsibly using a credit card. Your financial institution or mortgage professional can help. How to Improve Your Credit Score Demonstrating your ability to manage credit is key to maintaining a good credit score. There are a number of things you can do to improve your credit score. These include: Always pay your bills in full and on time. If you cannot pay the full amount, try to pay at least the required minimum shown on your monthly statement. Pay off your debts (such as loans, credit cards, lines of credit, etc.) as quickly as possible. Never go over the limit on your credit cards, and try to keep your balances well below the limits. Reduce the number of credit card or loan applications you make. Once your credit score has improved, work with your mortgage professional to obtain a mortgage that works for you. Find Out More To find out more about credit scores and reports, visit the Financial Consumer Agency of Canada website and download or request a free copy of their guide, Understanding Your Credit Report and Credit Score. This guide provides practical, straightforward information on how to obtain and understand your credit report and score, as well as how to build and maintain a good credit history.
Enquête 2017 de la SCHL auprès des emprunteurs hypothécaires
En mars 2017, la SCHL a sondé en ligne 3 002 emprunteurs hypothécaires récents - tous principaux décideurs de leur ménage - ayant effectué une transaction hypothécaire au cours des 12 derniers mois. De ce nombre, 65 % ont renouvelé leur prêt, 15 % ont demandé un prêt de refinancement et 20 % ont contracté un prêt achat (11 % pour les accédants à la propriété et 9 % pour les acheteurs déjà propriétaires). La SCHL effectue cette enquête depuis 1999. Il s'agit de l'enquête la plus importante et la plus complète de son genre au Canada. Processus d'achat d'une habitation Parmi les accédants à la propriété, 64 % ont indiqué qu'ils étaient auparavant locataires et 34 %, qu'ils vivaient avec leur famille. Les raisons les plus importantes invoquées par les accédants à la propriété au cours de la dernière année étaient le souhait d'acheter leur première habitation (37 %) et le fait de se sentir prêts financièrement (31 %). Dans le cas des acheteurs déjà propriétaires, la raison la plus importante était les bas taux d'intérêt (33 %). Cinquante-trois pour cent des acheteurs étaient au courant des plus récentes modifications apportées aux règles d'admissibilité à un prêt hypothécaire et 19 % ont indiqué que ces modifications ont influéncé leur décision d'achat. Par exemple, 11 % des acheteurs ont augmenté leur mise de fonds, 6 % ont acheté une habitation plus petite, 5 % ont acheté dans un autre emplacement et 3 % ont reporté leur achat. Les acheteurs interagissent avec diverses personnes; ils sont plus susceptibles de consulter un courtier immobilier (72 %) ou de demander conseil à un membre de leur famille (57 %) ou à un prêteur hypothécaire (57 %). Quarante et un pour cent ont indiqué avoir interagi avec un courtier en prêts hypothécaires. Parmi toutes les interactions, ce sont celles avec les courtiers immobiliers qui sont jugées les plus utiles. Clique ici