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.
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.
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 …
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…
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…
Home prices are down for the third consecutive month since reaching a peaking in March, according to the Canadian Real Estate Association.
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…
Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage…