Amid continuing pandemic impacts, consumer expectations for wage growth and overall purchasing power remain moderate, according to the Bank of Canada.
This is de…
From rising inflation and falling consumer confidence to changing lifestyle choices, Canada’s mortgage market impacts from multiple fronts…
Driven by a strong housing market and low interest rates, mortgages saw record growth across the country in the second quarter.
Nationwide, volume was up 60.2% comp…
Canada’s main political parties have been unveiling housing promises over the past couple of weeks, each outlining how they plan to tackle the predominant housing…
Canada’s inflation rate came in above expectations last week, rising to its highest level in more than a decade.
If above-target inflation persists, it could have…
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…
Soaring home prices over the past year have forced a majority of today’s homebuyers to use the maximum mortgage amounts they’ve been approved for…
The federal government’s First-Time Home Buyer Incentive (FTHBI) was meant to offer a path to homeownership for those unable to tap the “Bank of Mom and Dad” for…
Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster than ever…
Home sales and prices continued to moderate in May, easing from March’s peak. But with ongoing tight supply and high demand, prices are expected to remain elevated…