Canada braces for higher mortgage defaults
4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More
Canada's big banks field more than 200,000 mortgage deferral requests
3/28/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and ... More
Canadian consumer confidence takes unprecedented slump
3/19/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.
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Government announces new mortgage buying program
3/17/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system.
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Real estate, construction helps boost Canadian economy
2/3/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Economy nudged higher in the latest monthly stats, helped in part by the real estate and construction industries.
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Canadians' wealth reduced as real estate gains are erased
9/19/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The average Canadian household was worth less in 2018 than in the previous year.
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5 ways the U.S. Fed's rate cut affects Canadians
8/2/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Here’s a look at how lower rates south of the border could ripple through our country, according to five experts.
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IMF urges Canada not to change policy despite calls to ease mortgage stress test
5/22/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More
Canadian Housing Market This Bad Normally Means Recession: BMO
3/10/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says.
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4 Things That Will (And Won't) Happen In Canada's Housing Market In 2019
1/2/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
As we head towards 2019 with a weakened Toronto housing market and a Vancouver market in free fall, many sense this may be the year the house prices will go ... More
High debt levels, rising interest rates among challenges for 2019
12/19/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates.
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CIBC economists question BoC's view of housing market
12/18/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The slowdown in Canada’s housing market is likely to weigh on the economy according to a new report from CIBC Economics.
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12/17/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average.
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Canadian Household Debt Growth Slows Down
12/7/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada.
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Bank of Canada wants rates back to normal - what that means for your mortgage, line of credit
11/2/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017.
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Bank Of Canada Interest Rate Hikes Will Cost Canadian Households $2,500 A Year
10/30/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Consumer spending is expected to slow as Canadians spend more on the interest on their debt.
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The number of Canadian millionaires will jump by more than half in the next five years
10/22/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
By 2023, the number of millionaires in Canada is expected to rise 54% to nearly 2 million people
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Canada on precipice of "household led recession"
10/2/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada’s economy faces a major risk through the next three years from how debt-laden consumers cope with higher interest rates, according to economists from three of the ... More
Canadian banking system outlook revised to stable from negative by Moody's
9/6/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Moody's revises its outlook for the Canadian banking system to stable from negative, as the ratings company now sees the Canadian government less likely ... More
Confidence in the economy, real estate is growing
8/21/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances.
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