Top Risks and Trends in Canada’s Mortgage Market
September 14, 2021
From rising inflation and falling consumer confidence to changing lifestyle choices, Canada’s mortgage market impacts from multiple fronts…
Tag: Trends
Mortgage Borrowing Grew at its Fastest Monthly Pace Ever in June
August 20, 2021
Mortgage debt in Canada soared above $1.7 trillion in June, growing at a monthly pace never before seen, according to Statistics Canada.
The new figures show mortgage…
Majority of Canadian Buyers Borrowing Their Maximum Approved Mortgage
July 20, 2021
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…
Could Mortgage Rates Start to Rise Sooner than Expected?
February 2, 2021
While Canada’s economy recorded its largest-ever annual GDP drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of Canada’s hand in reining inflation in sooner than anticipated.
“That carries potentiall…
Optimism Returns to the Markets. Could Fixed Rates Start to Rise?
November 11, 2020
Bond yields in both Canada and the U.S. jumped on news that Pfizer’s COVID-19 vaccine has proven more than 90% effective in its trials.
Following the announcement on Monday, the all-important 5-year bond yield is now hovering around 0.50% for the…
Bank of Canada Reaffirms Its Low-Rate Outlook
September 10, 2020
Despite a booming housing market and rapid job recuperation, the Bank of Canada warned that the country’s economic recovery will be “heavily reliant on policy support.”
Get ready for Canadian home prices to grind to a halt, then rise ‘slower and steadier’
February 25, 2019
Researchers predict Canadian home price gains will grind to a halt in the coming years — and when values do get on the road to recovery, the pace of growth won’t be anything like the last price runup.
Canada’s housing starts remained steady in January
February 15, 2019
The trend for Canadian housing starts was steady in January with 208,131 units improving on December’s 207,171 units.
4 key trends that are helping the Canadian housing market avoid disaster
January 29, 2019
The Canadian housing market’s performance has been even worse than TD expected, but there are multiple reasons one of Canada’s biggest banks doesn’t predict “a further sustained deterioration” — or worse — this year.
While Canadian condo sales rise, this property type is being left in the dust
December 5, 2018
Faced with higher interest rates and tougher mortgage qualification rules, many Canadians have turned to the new condo market as a more affordable shot at homeownership. One property type that hasn’t been as attractive? Townhouses.