Canadians fear bankruptcy risks following rate hikes
10/16/2021 | Posted in Financial Health by Jessi Sandhu
Nearly 35% of Canadians are worried that higher interest rates could push them into bankruptcy ...
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Canadian home prices continue to re-accelerate in September
10/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up between August and September 2021. ...
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Canada's housing market unlikely to cool as new home buyers opt for variable loans
10/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Popularity of variable-rate mortgages expected to grow further, overturning a trend that has been in place for over a decade. ...
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Canadian home prices to grow 5% through 2021: RE/MAX
10/14/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home prices should rise another 5% before the end of 2021, says a new report from RE/MAX. ...
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RBC: Housing affordability has slipped to its worst in 30 years
10/8/2021 | Posted in Canada Living by Jessi Sandhu
The bank's measure of affordability has seen the gains made pre-pandemic erased with all areas affected ...
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Canadian housing markets currently cruising between pre- and peak pandemic levels
9/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed between July and August 2021. ...
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Bank of Canada keeps key interest rate on hold at 0.25 per cent
9/8/2021 | Posted in Mortgage Interest Rates by Jessi Sandhu
The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery. ...
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Here are 5 ways the feds could fix Canada's housing crisis
9/8/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Every major party platform offers proposals for reining in what has become a nationwide affordability crisis. ...
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Canadian home sales continue to normalize in July
8/16/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down between June and July 2021. ...
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Housing market continues to moderate in June
7/15/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down between May and June 2021. ...
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Canadian home price forecast revised upward to 16% as roaring spring market eases into summer
7/14/2021 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Royal LePage is forecasting that the aggregate price of a home in Canada will increase 16 per cent to $771,500 in the fourth quarter of 2021, compared to the same quarter last ...
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BoC on Canadians' home purchase plans in the next 12 months
7/9/2021 | Posted in Canadian Housing Market by Jessi Sandhu
A growing number of Canadians, particularly renters, are planning to buy a home in the next 12 months amid the national economy’s steady recovery, according to a new ...
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7/1/2021 | Posted in Canada Living by Jessi Sandhu
Wishing you and your family a very Happy Canada Day ...
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No 'soft landing' coming for Canadian housing market until 2022: RBC
6/10/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Canada's housing market has more firepower than some economists had imagined heading into 2021 and its performance through the first half of the year has Canada's biggest ...
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What's happening with house price growth in Canada?
6/10/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian home prices are likely to grow by an average of 5% in the next half-year or so, but, surprisingly, the largest gains will not be in Toronto, nor in Vancouver, according ...
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How Canadians are paying for the pandemic's gravity-defying housing market
5/5/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Housing affordability in Canada has declined the most in two years ...
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Courts show little empathy for failed purchasers
5/4/2021 | Posted in Home Buyers by Jessi Sandhu
Unconditional offers are poor choices and our courts have shown little empathy for failed purchasers, repeatedly holding that vendors have no obligation to accommodate purchasers ...
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Canadians investing in their homes
4/27/2021 | Posted in Home Owners by Jessi Sandhu
If you’re like most Canadians, you’re more likely to tackle a home renovation than sell your current house and buy another or purchase an investment property. ...
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High Home Prices a Growing Obstacle for First-Time Buyers
4/20/2021 | Posted in First Time Home Buyers by Jessi Sandhu
The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of homeownership ...
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36% of young Canadian adults have given up on owning home: RBC survey
4/13/2021 | Posted in First Time Home Buyers by Jessi Sandhu
Real estate prices in many Canadian cities have climbed to all-time highs during the pandemic, so it should come as no surprise that some Canadians appear ready to give up on ...
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Canadian home prices forecast to end year 13.5% higher than 2020
4/13/2021 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
The aggregate price of a home in Canada increased 14.1 per cent year-over-year to $749,165 in the first quarter of 2021, as strong demand continues to outpace supply in ...
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Here's how home prices compare to incomes across Canada
4/12/2021 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country. ...
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Over one-fifth of Canadians hoping housing prices fall significantly
4/8/2021 | Posted in Home Buyers by Jessi Sandhu
One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ...
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BoC's Macklem sees 'worrying' signs in housing market
3/31/2021 | Posted in Canadian Housing Market by Jessi Sandhu
The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market. ...
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Policy interventions against market overheating needed now: RBC
3/30/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Long-term risks to the economy are being exacerbated by outsized demand, shrinking inventory ...
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Canadian housing market sees imbalances increase in large cities and smaller centres
3/25/2021 | Posted in Canadian Housing Market by Jessi Sandhu
Sustained housing price increases still outpacing the recovery in fundamental factors, such as labour income, means Canada's national housing market remains moderately ...
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Mortgages Lead Credit Growth as Delinquency Rates Decline
3/9/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu
Mortgage credit grew in the fourth quarter of 2020 as Canadian consumers took steps to reduce all other forms of debt, according to new data from TransUnion. ...
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Canada's economy ready to 'take off like a rocket': CIBC's Tal
12/3/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
Canada's pandemic-weary economy is poised to "take off like a rocket" in the latter part of 2021, says CIBC World Markets deputy chief economist Benjamin Tal. His ...
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Canadians sitting on largest cash hoard ever recorded: CIBC
11/18/2020 | Posted in Financial Health by Jessi Sandhu
The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded. ...
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Growth in home equity loan volume slowest since 2016: OSFI
10/23/2020 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Slower borrowing might lead to less consumer spending that could further delay Canada's economic recovery ...
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