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Good news for local renters: Overall vacancy rate in city hits 8.3 per cent

Good news for local renters: Overall vacancy rate in city hits 8.3 per cent

Canada Mortgage and Housing reports an overall vacancy rate of 8.3 per cent in Nanaimo in its spring housing report. Only three other communities have higher vacancy rates in B.C., two of which are on Vancouver Island. It's higher still than in 2012 …
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Bank of Canada's Lane warns of impact of banks' mortgage securitization moves

A move by major banks to securitize government-insured mortgages may be exacerbating the buildup of household debt in Canada, a top Bank of Canada official says. Canada has seen a doubling of securitized mortgages in the past five years, deputy …
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Regina starts to slow in 2013, rebound slightly in 2014

REGINA — Total housing starts in the Regina area are expected to slow to 2,400 units in 2013 before rising slightly to 2,450 units in 2014, according to the Canada Mortgage and Housing Corp. (CMHC) second-quarter housing market outlook released …
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