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.
April 8, 2022
Category: Renewing
Average Home Price A Whopping $816,720.00
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.
March 16, 2022
Equifax Reports Average New Mortgage Size Surges 18%
Equifax reports that borrowers, on average, are taking out mortgages to the tune of $360,000 as of the 3rd quarter.
December 2, 2021
Bank of Canada: Rate Hikes Could Come Later Than Expected
Financial markets look at pricing in the first rate increase coming March. However, they may be off on the timing.
November 19, 2021
House Price Growth Has “Hit A Ceiling,” Says Moody’S
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 …
November 2, 2021
Bond Yields Surge, Big Banks and Other Mortgage Lenders Raisin…
A growing number of lenders have been raising interest rates over the past week in response to rising bond yields, including RBC, BMO and National Bank of Ca…
October 12, 2021
Who pays bills more regularly? Homeowners or non-homeowners?
While Canadian homeowners have on average $359,597 in mortgage debt, they are still generally dealing better with the costs of living than non-owners, according to a…
September 10, 2021
Canada’s Housing Market “Slowly Getting Back to Normal”
Home prices are down for the third consecutive month since reaching a peaking in March, according to the Canadian Real Estate Association.
July 15, 2021
Bank of Canada Holds Rates, Says High Inflation Will be Temporary
The Bank of Canada’s Wednesday rate announcement was “steady as she goes,” as it maintained its Quantitative Easing program and reiterated that rates should stay…
June 9, 2021
Insured and Uninsured Mortgage Stress Test Changes Confirmed for June 1
Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage…
May 21, 2021