'Record-high number' of Canadians don't think they'll ever afford a home: survey
3/7/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey.
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Canadian inflation set to ease amid rapid cooling of housing market
1/30/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
But the Bank of Canada has a tricky balancing act that cannot decimate real estate.
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Housing crisis in Canada - six suggested solutions
8/8/2022 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Expand the Bank of Canada mandate, for starters
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Key household debt-to-income ratio down in Q1 as income rises faster than debt
6/14/2022 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes ... More
Forced selling may be headed for Canada's housing market
5/2/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are ... More
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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