Jessi Sandhu - Your Brampton Real Estate Agent
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Bank of Canada keeping options open but could be done on hikes: CIBC's Tal

3/9/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

cibc-office-250.jpg - Real Estate News The central bank has left its policy rate untouched for the first time in over a year ... More


'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

laptop-research-453.jpg - Real Estate News 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. ... More


Canada's housing market to see listings fall in first quarter, before rebounding: TD

2/10/2023 | Posted in Canadian Housing Market Predictions by Jessi Sandhu

house-keys--home-sold-122.jpg - Real Estate News A new report says Canada's housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in ... More


45% with variable mortgages say they would have to sell in under 9 months: Yahoo/Maru Poll

2/2/2023 | Posted in Home Owners by Jessi Sandhu

home-for-sale-ontario-canada-131.jpg - Real Estate News As Canadian homeowners grapple with the Bank of Canada's flurry of interest rate hikes, one in three say they won't be able to handle higher rates for long before they are ... More


Canadian inflation set to ease amid rapid cooling of housing market

1/30/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News But the Bank of Canada has a tricky balancing act that cannot decimate real estate. ... More


More Canadians turning to reverse mortgages amid savings crunch

1/19/2023 | Posted in Home Owners by Jessi Sandhu

home-piggy-bank-251.jpg - Real Estate News An increasing number of Canadians appear to be tapping into their homes for extra cash. ... More


Home prices are falling, but likely won't fall much further thanks to housing shortage: CMHC deputy chief economist

1/14/2023 | Posted in Canadian Housing Market by Jessi Sandhu

winter-home-for-sale-112.jpg - Real Estate News Home prices in Canada likely won't drop much further due to the country's ongoing shortage of new homes, even as rising interest rates curb some demand in the market, the ... More


Canada ends 2022 with modest decline in national aggregate home price; prices remain well above pre-pandemic levels

1/13/2023 | Posted in Canadian Housing Market by Jessi Sandhu

market-reports-on-business-271.jpg - Real Estate News National aggregate home price posts single-digit year-over-year decline in Q4 over 2021; double-digit growth compared to 2020 and 2019 ... More


What to Expect From Canadian Real Estate in 2023

1/3/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

canadian-real-estate-markets-62.jpg - Real Estate News Despite a strong start to the year, real estate in 2022 was largely defined by a lack of affordability, spurred by one of the most polarizing interest rate hike cycles in Bank of ... More


The average rent in Canada has surpassed $2,000

12/19/2022 | Posted in Rental Market by Jessi Sandhu

house-for-rent-87.jpg - Real Estate News The cost of rent in Canada has been on an uptrend since the pandemic, and in November reached an average of $2,024. That’s a 12% jump since last year and up 2.5% since ... More


OSFI leaves mortgage stress test unchanged

12/15/2022 | Posted in Home Buyers by Jessi Sandhu

worried-businessman-346.jpg - Real Estate News Canada's banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged. ... More


Canadian home sales edge down from October to November

12/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in November 2022. ... More


There have never been so many renters in Canada, RBC report says

12/7/2022 | Posted in Rental Market by Jessi Sandhu

own-or-rent-sign-120.jpg - Real Estate News Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the ... More


Forecasters split on how high Bank of Canada will push next rate hike

12/4/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank. ... More


Average rent is nearly 12% higher compared to last year

11/22/2022 | Posted in Rental Market by Jessi Sandhu

market-growth-103.jpg - Real Estate News Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise in October. ... More


Canadian home sales edge up from September to October

11/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022. ... More


BoC's Macklem: Rate hikes nearing end, but consumer pain ahead

11/3/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

bank-of-canada-governor-481.jpg - Real Estate News The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More


Here's how a recession could affect your work, housing and expenses

10/14/2022 | Posted in Canada Living by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Many economists say a mild recession is on the cards as they look ahead to 2023. ... More


Canadian home sales soften again from August to September

10/14/2022 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in September 2022. ... More


More Canadians living paycheque to paycheque with growing debt

9/30/2022 | Posted in Canada Living by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News Personal finances of millions of Canadians are worsening, and more people are concerned about their high levels of debt ... More


Renting is growing twice as fast as home ownership, census reveals

9/22/2022 | Posted in Canadian Housing Market by Jessi Sandhu

own-or-rent-sign-120.jpg - Real Estate News 10 million households own their home, while 5 million rent. But the gap is narrowing. ... More


Demographics a powerful counterforce in Canada's housing market correction

8/19/2022 | Posted in Canadian Housing Market by Jessi Sandhu

airport-immigration-493.jpg - Real Estate News Immigration and shrinking household size will support Canada’s property market through the current correction according to a new report from RBC Economics. ... More


CMHC reports annual pace of housing starts up 1.1 per cent in July

8/16/2022 | Posted in Canadian Housing Market by Jessi Sandhu

housing-starts--new-developments-454.jpg - Real Estate News Canada Mortgage and Housing Corp. says the annual pace of housing starts in July edged higher compared with June despite a slowdown in urban starts. ... More


Experts: BoC rate hikes to go full steam ahead despite economic malaise

8/9/2022 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News A massive rate jump at the central bank’s meeting next month is a near certainty, economists say ... More


Housing crisis in Canada - six suggested solutions

8/8/2022 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

home-value-increase-443.jpg - Real Estate News Expand the Bank of Canada mandate, for starters ... More


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

real-estate-market-growth-125.jpg - Real Estate News CMHC revises down home price forecast over next two years to adjust for interest rate spike. ... More


Extending mortgage period could keep payments in check even as rates rise

6/17/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu

real-estate-transaction--mortgage-application-134.jpg - Real Estate News 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 ... More


Canadian home sales slow again in May

6/15/2022 | Posted in Canadian Housing Market by Jessi Sandhu

crea-news-18.jpg - Real Estate News Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in May 2022. ... More


Bond yields soar higher, fixed mortgage rates expected to follow

6/14/2022 | Posted in Interest Rates by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. ... More


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