Following improvements in 2020, housing affordability worsened in the second quarter of this year by its widest margin in 27 years.
The main culprit was due to rising…
Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.
Earlier this week, the federal government announced the launch of a new program which will help even more Canadians enjoy affordable home ownership – specifically, by assisting providers of shared equity mortgages.
The challenges for Canada’s homebuyers will be the focus when mortgage professionals meet with officials in Ottawa this week.
National Bank’s latest study of 10 major Canadian housing markets suggests affordability improved in the first quarter of the year as income growth outpaced home prices — and it looks like more relief is on the way.
Canadians have made their apprehension concerning the housing market known ahead of next week’s federal budget.
There have been plenty of deterrents for Canadian first-time home buyers this year, from stricter mortgage qualification rules rolled out in January to three interest rates hikes throughout the year. But according to a new survey, the majority haven’t given up on the dream of homeownership.
A sustained elevation in residential prices has slowed down new townhouse sales in Canada’s top markets, according to the latest market analysis by the Altus Group…
A chain of possible mortgage rate increases in the very near future might endanger Canadian would-be home buyers’ purchasing power – and ultimately, their mortgage capacity, according to the Canada Mortgage and Housing Corporation.
The Bank of Canada has been hiking interest rates all year, and Canada’s big banks have been raising mortgage rates accordingly. The result? A nationwide deterioration in housing affordability, according to a new report from Desjardins.