Category: Mortgage Policy

2022 Budget: Housing Initiatives

Thursday’s federal budget outlined measures to address housing affordability, although it’s unlikely to assist first-time homebuyers, especially given the current market conditions. 

Average resale hits all-time high in Canada

Home prices in Canada increased past 25% in November compared to November 2020. The record year-over-year high results from low supply and continuing low-interest rates.

Omicron Throws Rate Hike Forecasts into Question

While markets are expecting the first Bank of Canada rate increase in early 2022, some financial experts think the unpredictability of the brand-new Omicron Covid-19 variant might delay early hikes. 

OSFI: Credit Risk Has Risen But Only Slightly

Today, the company’s head charged with managing Canada’s federally controlled lending institutions stated that the threat to mortgage credit has increased “just decently.”