A new factory in Delta, B.C. is aiming to prove robots can build wood-frame, mass-timber, multi-family homes faster and better than conventional tradespeople.

Buyers with the lowest income purchase the most expensive properties
Buyers in the lowest income quintile purchased properties with the highest median price-to-income ratio in 2018—especially in Vancouver. Income quintiles divide buyers into five equal groups based on their incomes; quintiles are calculated independently for each province.

CMHC assessment surprises Vancouver agents
The average home price in Vancouver is $1.1 million—highest across Canada—and the local real estate board reports the number of listings have crashed to 40-year lows.

0.95 per cent mortgage offered

CIBC has lowered its special-offer uninsured 5-year fixed rate mortgage further by taking it down another 15 basis points (bps) on September 24 to 2.24 per cent. It also chopped its insured 5-year fixed mortgage to 1.99 per cent.