Bank of Canada says housing affordability is about boosting supply, not lowering interest rates

2/7/2024 | Posted in Real Estate Market by Jessi Sandhu

Monetary policy can’t do everything, central bank governor Tiff Macklem says ... More

Tags: Bank of Canada, Bank of Canada Benchmark Rate, Canada Real Estate, Housing Affordability, Housing Demand, Housing Supply, Immigration

CEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test

1/8/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

Tags: Bank of Canada, Big Six, Canadian Banks, Canadian Housing Market, Canadian Mortgage Market, Canadian Real Estate Market Outlook, Housing Affordability, Housing Demand, Stress Test

Housing demand is stronger than we're told: CIBC

5/15/2019 | Posted in Home Buyers by Jessi Sandhu

Canada needs to be building more homes to meet demand which is greater than official figures suggest. ... More

Tags: Canadian Housing Market, Condo Buyers, First Time Home Buyers, Home Buyers, Housing Demand

Immigration volume will fuel further housing demand

4/30/2019 | Posted in Canadian Housing Market by Jessi Sandhu

For the foreseeable future, immigration will continue stoking the need for housing in Canada’s largest cities, according to RBC Economic Research. ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, Foreign Buyers, Home Buyers, Housing Demand, Housing Supply, Immigration