At long last the Canadian housing market appears to be shaking off the effects of the mortgage stress test.
Month: May 2019
The Bank of Canada will make two interest rate cuts during 2019 according to Capital Economics.
Builders across Canada reported flat or declining prices for new homes according to Statistics Canada.
If you’d asked a big bank economist last year where interest rates were headed in 2019, they’d probably have said they were going up.
Earlier this week Bank of Canada Governor Stephen Poloz called on banks and other lenders to offer more innovative mortgage products, namely longer-term mortgages.
The governor of the Bank of Canada suggests it won’t be long before the country’s housing market has bounced back and starts growing once again.
The first full month of spring saw homebuilding activity in Canada surprise housing market analysts with a show of strength, suggesting the Canadian market might be on the upswing once more.
The stress test continues to be the focus of much research, with new data released recently on the full extent of its impacts on the housing market.
The latest reading of Canada’s economy brings both good and bad news for the housing market.
Investment in homebuilding remains strong in Canada on the shoulders of continued demand for condos as a few key demographic groups all try to climb onto the property ladder, new analysis suggests.