Supply Remains an Issue Despite Impact of Higher Mortgage Rates
10/5/2022 | Posted in GTA Real Estate by Jessi Sandhu
The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022.
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Nearly 1 in 5 Canadians putting off buying a home due to inflation, high interest rates: survey
10/4/2022 | Posted in Home Buyers by Jessi Sandhu
With high inflation and rising interest rates, a new survey has found nearly one in five Canadians say they're putting off buying a home.
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OECD predicts how high the Bank of Canada will go on rates
10/3/2022 | Posted in Interest Rates by Jessi Sandhu
While many economists have predicted the Bank of Canada’s interest rate will peak at 4%, the Organisation for Economic Co-operation and Development (OECD) has gone five ... More
More Canadians living paycheque to paycheque with growing debt
9/30/2022 | Posted in Canada Living by Jessi Sandhu
Personal finances of millions of Canadians are worsening, and more people are concerned about their high levels of debt
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Canada cuts home price outlook
9/30/2022 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates threaten to cause a ... More
Foreign buyers' ban proposals: private lending association reacts
9/29/2022 | Posted in Foreign Buyers by Jessi Sandhu
Proposals by the federal government to restrict foreign access to the Canadian housing market run the risk of complicating mortgage financing while not adequately addressing ... More
60-30-10 Color Rule: How to Use It & How to Break It
9/28/2022 | Posted in Home Owners by Jessi Sandhu
The 60 percent + 30 percent + 10 percent proportion is meant to give balance to the colors used in any space and is incredibly simple to use.
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New construction home buyers vanish as interest rates rise
9/28/2022 | Posted in New Developments by Jessi Sandhu
Sales levels of condos and single-family homes were more than 80 per cent lower than last August, says the homebuilders’ association.
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Big banks hike short-term fixed mortgage rates as their popularity grows
9/25/2022 | Posted in Mortgage Interest Rates by Jessi Sandhu
Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates.
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Renting is growing twice as fast as home ownership, census reveals
9/22/2022 | Posted in Canadian Housing Market by Jessi Sandhu
10 million households own their home, while 5 million rent. But the gap is narrowing.
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RBC on the state of Canada's household wealth
9/21/2022 | Posted in Home Owners by Jessi Sandhu
Significant slowdown in housing, bond, and equity markets had a major influence on Q2 figures
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Canadian rent prices reach a three-year high, up 17% from pandemic lows
9/20/2022 | Posted in Rental Market by Jessi Sandhu
Having been on an upward trend since early last year, average rent prices have now eclipsed pre-pandemic levels.
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Teranet-National Bank House Price Index: Record price drop in August
9/20/2022 | Posted in Canadian Housing Market by Jessi Sandhu
In addition to recording a fourth consecutive monthly decline on a seasonally adjusted basis, the Teranet-National Bank Composite House Price Index™ experienced its ... More
Which Canadian cities are seeing home prices fall the fastest?
9/19/2022 | Posted in Canadian Housing Market by Jessi Sandhu
"It's abundantly clear where the worst spots are," says BMO economist
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OSFI has no plans to loosen the stress test
9/14/2022 | Posted in Home Buyers by Jessi Sandhu
Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are ... More
Canada housing starts drop in August
9/16/2022 | Posted in New Developments by Jessi Sandhu
A decline in multi-unit urban starts contributed to a slower month overall, according to the latest data from CMHC.
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Interest rates: TD, Scotia see Bank of Canada heading to 4%
9/14/2022 | Posted in Interest Rates by Jessi Sandhu
TD Securities and Scotiabank's top economists think there’s more room to run for the Bank of Canada as it increases interest rates from the pandemic ... More
CRE investment outlook good, but less capital available
9/15/2022 | Posted in Commercial Real Estate by Jessi Sandhu
Despite ongoing economic uncertainty, Canada remains a good place to invest according to senior executives who closed the Sept. 8 RealREIT conference in Toronto with a ... More
Canadian home sales post small decline from July to August
9/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed slightly in August 2022.
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Canadians are falling deeper into debt: Statistics Canada
9/12/2022 | Posted in Canada Living by Jessi Sandhu
New data from Statistics Canada shows that Canadians are sliding deeper into debt.
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Canadian banking regulator insists it will not budge over mortgage rules
9/9/2022 | Posted in Home Buyers by Jessi Sandhu
Renewed calls to re-evaluate the stress test came in the wake of the Bank of Canada's latest outsized rate hike
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Canadians turning to credit unions for mortgages as interest rates jump
9/8/2022 | Posted in Home Buyers by Jessi Sandhu
In a country where the Big Six banks control 80 per cent mortgage market share, Canada’s smaller lenders are making some rare headway after the Bank of Canada’s ... More
Bank of Canada announces another big rate hike
9/7/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control.
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Millions of Canadians could default on debts warns TransUnion
9/7/2022 | Posted in Canada Living by Jessi Sandhu
Overall consumer debt hit a new record high in the second quarter and some people may be overwhelmed by inflation.
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Ontario's population could grow by more than six million over the next two decade
8/30/2022 | Posted in Ontario News by Jessi Sandhu
Ontario’s population could increase by as much as six million over the next two decades and some experts are warning that governments need to start “playing catch ... More
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