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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CMHC revises down home price forecast over next two years to adjust for interest rate spike
7/12/2022 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
CMHC revises down home price forecast over next two years to adjust for interest rate spike. ...
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Extending mortgage period could keep payments in check even as rates rise
6/17/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu
Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so comes ...
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Canadian home sales slow again in May
6/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in May 2022. ...
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Bond yields soar higher, fixed mortgage rates expected to follow
6/14/2022 | Posted in Interest Rates by Jessi Sandhu
Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. ...
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BoC's Macklem: Rate hikes will not be detrimental to the economy
6/14/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The likely deceleration of the housing market would be a welcome effect, Macklem says ...
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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 grew ...
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It's official - Canada's economy is in a recession, C.D. Howe says
5/3/2020 | Posted in Canada Living by Jessi Sandhu
Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday. ...
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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 of ...
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Canada's COVID-19 Economic Response Plan: Support for Canadians and Businesses
3/18/2020 | Posted in Canada Living by Jessi Sandhu
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. ...
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Canada to close borders to most foreign nationals, except Americans
3/16/2020 | Posted in Canada Living by Jessi Sandhu
Prime Minister Justin Trudeau has announced the federal government will close its borders to most people who are not Canadian citizens or permanent residents as part of its ...
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How much does the average Canadian family earn?
2/27/2020 | Posted in Canada Living by Jessi Sandhu
In 2018, the median after-tax income of Canadian families and unattached individuals was $61,400. ...
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2/13/2020 | Posted in Rental Market by Jessi Sandhu
The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001. ...
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Canadian households to get short break from rising debt costs
12/31/2019 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
TD economists says the cost of servicing debts should ease early in 2020 ...
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No recession in 2020 says Conference Board of Canada
12/18/2019 | Posted in Canada Living by Jessi Sandhu
There will be growth for the Canadian economy in the next two years as the country avoids recession. ...
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