During Canada’s housing downturn, homebuilders are getting stuck with more and more unsold new homes on their hands, and that’s causing them to hold off on beginning work on new projects that are already approved.
Household income growth is grinding to a halt in Canada, and that’s bad news for future economic growth as a whole and the housing market in particular, suggests a recent report from Desjardins Economics.
Global economic uncertainty means that the Canadian economy will still benefit from the boost that low borrowing costs can provide, according to the Bank of Canada’s Governor.
If you are recovering from a bad credit event, you should make every effort to restore some lustre to that damaged credit history.
As part of the 2019 Budget handed down yesterday, changes for prospective homeowners
The federal government is suggesting it’s going to tackle housing affordability issues, but it looks like many Canadians aren’t buying it.
Canadians have made their apprehension concerning the housing market known ahead of next week’s federal budget.
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.
It may be cold but the housing market in Winnipeg is heating up with two straight months of sales above their year-ago levels.
The Bank of Canada for some time has been suggesting higher and higher interest rates are coming soon — until this week.
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.
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.
“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.”
- Office:141 Torbay Road, NL
- Direct:(709) 770-9194
- Fax:(709) 754-0466