Canadian Home Sales See Downward Trend Continue in October
11/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023. ...
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BoC to begin rate cuts by 2024's second quarter, market players say
11/7/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year ...
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Housing affordability has improved but there's no quick fix, says RBC
9/29/2023 | Posted in Canada Living by Jessi Sandhu
Millions of Canadians want to achieve their dream of homeownership, but affordability remains out of reach for many, and changing that will be a slow journey according to RBC. ...
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Economists see Bank of Canada holding on rates after surprise GDP contraction
9/1/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end. ...
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No end in sight to housing affordability crisis, says BMO's Guatieri
8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu
The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst. ...
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What's next for home prices in Canada?
8/28/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Interest rates and borrowing costs may be surging - but Canadian home prices are continuing to rise at a rapid clip, according to new data. ...
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Canadian Home Sales Showing Signs of Stabilization in June
7/14/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up slightly on a month-over-month basis in June 2023. ...
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Rising mortgage interest costs now biggest factor driving inflation - and they're not done yet
6/28/2023 | Posted in Canada Living by Jessi Sandhu
Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and the ...
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When will the Bank of Canada put the brakes on its rate-hike campaign?
6/27/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists weigh in on the possibilities for the central bank’s policy rate ...
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Canada's housing market recovery gains more traction
6/16/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Canada’s housing market is picking up steam. Both home resales and prices continued to rise at rapid clips in May. And odds are they will climb further in June with more ...
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Canada's population will hit record 40M on Friday: StatCan
6/15/2023 | Posted in Canada Living by Jessi Sandhu
Statistics Canada says the country will reach a new milestone on Friday as the population hits a record 40 million people. ...
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Canadians' mortgage borrowing hits lowest level since 2003
6/15/2023 | Posted in Financial Health by Jessi Sandhu
Canadians' mortgage borrowing has reached its lowest level since 2003, primarily due to the impact of higher interest rates, according to recent data released by Statistics ...
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Canadian home sales continue to pick up steam in May
6/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up again on a month-over-month basis in May 2023. ...
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Canada's debt rises as rates cut into households' cash flow
6/14/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest ...
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Canada mortgage market crisis coming amid high rates?
6/13/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Could the prospect of persistently high rates spell trouble for the market’s stability? ...
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Canadian consumer debt hits all-time high, reaching $2.32 trillion in Q1 2023: TransUnion
6/1/2023 | Posted in Financial Health by Jessi Sandhu
Amid interest rate hikes and high inflation, more Canadians are turning to credit for relief, with consumer debt hitting a new record in the first quarter of 2023. ...
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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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