Mixed reactions to budget housing measures
03/21/2019
The federal budget included certain measures aimed at helping the Canadian housing market but there was no change to the mortgage stress test.
Monthly Archives: March 2019
Month: March 2019
Shared Equity Mortgages & 2019’s Budget Announcement
03/20/2019
As part of the 2019 Budget handed down yesterday, changes for prospective homeowners
Can the federal government make the housing market more affordable? Canadians aren’t sold
03/17/2019
The federal government is suggesting it’s going to tackle housing affordability issues, but it looks like many Canadians aren’t buying it.
Overwhelming majority of Canadians concerned by housing affordability: poll
03/15/2019
Canadians have made their apprehension concerning the housing market known ahead of next week’s federal budget.
Here’s why Canada still needs the mortgage stress test
03/13/2019
With Canada’s hottest housing markets cooler and the rock-bottom interest rates that fueled a household debt binge a thing of the past, some may wonder if the federal government’s mortgage stress testing is still needed.
Winnipeg sales up 6% as buyers adapt to mortgage rules
03/11/2019
It may be cold but the housing market in Winnipeg is heating up with two straight months of sales above their year-ago levels.
Canada’s central bank could pull a U-turn on interest rate hikes as the economy takes a hit
03/08/2019
The Bank of Canada for some time has been suggesting higher and higher interest rates are coming soon — until this week.
A first-time homebuyer’s guide to getting a loan from the Bank of Mom and Dad
03/07/2019
Money and family can be a tricky combo to manage, especially when comes to one of life’s most expensive purchases — buying your first home.
No rate hike, B-20 is “just right” says panel of economists
03/06/2019
The Bank of Canada is unlikely to increase interest rates next week according to a panel of leading economists, which has also commented on Canadian housing policy.
Gov’t should incentivize, and not penalize, home buyers
03/05/2019
“The bottom line is that the Canadian government needs to find ways to support, even incentivize, homebuyers in Canada (especially first-timers who are facing challenges entering the market) rather than penalize them.”
Older Canadians don’t feel old says reverse mortgage lender
03/04/2019
A leading Canadian reverse mortgage lender says that today’s seniors are not ‘old’ and are pushing back against stereotypes.
Canadians are using their homes to get lines of credit, and that could be a problem
03/03/2019
As property values have soared, Canadians have been increasingly securing loans through home equity lines of credit, or HELOCS — which let borrowers tap into the value of their home even if they aren’t finished paying off a mortgage.
Bank of Canada won’t hike mortgage-influencing policy rate ‘by much and not anytime soon,’ says economist
03/01/2019
The unexpectedly weak Canadian housing market is one factor making it likely Bank of Canada Governor Stephen Poloz will take a less aggressive approach to interest rates this year, notes an economist with one of the country’s biggest banks.
