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.
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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.
The value of Canadian real estate increased again in February, with the average home price selling at $816,720. That figure is up 51% compared to pre-pandemic markets.
As of December, The Canadian Real Estate Association’s House Price Index was up 26% year-over-year, setting a new record.
The federal government considers reforms to residential investment or commercial properties to curb house prices.
Equifax reports that borrowers, on average, are taking out mortgages to the tune of $360,000 as of the 3rd quarter.
Financial markets look at pricing in the first rate increase coming March. However, they may be off on the timing.
Even before fixed mortgage rates started rising last month, housing affordability continued to deteriorate in the third quarter, the National Bank of Canada …
Canada’s housing market is showing signs of “returning to earth,” with slower price growth expected for much of 2022, according to a new report from Moody’s …
Over the past month, we have seen several fixed mortgage rate hikes from the banks and other lenders.
Whereas rates below 2% were readily available one month ago…
As home prices have risen sharply in recent years, so too has the amount of down payment assistance parents are willing to give their kids.
For those parent…