Top Risks and Trends in Canada’s Mortgage Market
From rising inflation and falling consumer confidence to changing lifestyle choices, Canada’s mortgage market impacts from multiple fronts…
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From rising inflation and falling consumer confidence to changing lifestyle choices, Canada’s mortgage market impacts from multiple fronts…
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…
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…
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…
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…
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.”
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.
The trend for Canadian housing starts was steady in January with 208,131 units improving on December’s 207,171 units.
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.
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.