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.
The Bank of Canada won’t be hiking its policy rate any time soon, says one economist — and that should be welcome news for mortgage borrowers with variable rates.
Canada’s historic household debt levels will almost certainly affect banks and the GDP, according to a long-time markets observer.
Four in ten first-time homebuyers say the Canadian housing market is affordable but many will need assistance.
It used to be that most city-dwelling millennials wouldn’t consider moving to the suburbs, at least not until the later stages of life.
The stress test is back in the crosshairs of industry analysts.
The Canadian federal government’s newly announced First-Time Home Buyer Initiative isn’t the first of its kind.
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.
Needless to say, you’ll have financial responsibilities as a homeowner. Some of them, like taxes, may not be billed monthly, so do the calculations to break them down into monthly costs.
Canada’s mortgage market grew by its slowest pace in more than 25 years in 2018, according to new data released by the Canada Mortgage and Housing Corporation.
Sky-high rents in Toronto and Vancouver dominate much of the national discussion, but rental-housing costs continue to vary widely across Canada.
Most lenders will accept down payment funds that are gifted from family. A gift letter signed by the donor is usually required to confirm that the funds are a true gift and not a loan.
When the leaves start to turn and the mercury begins to drop, mortgage rates might be lower, too, one economist predicts.
Canadian homebuyers are finally getting used to the mortgage stress test, and that’s good news for the market’s future
The mortgage stress test that policymakers introduced in January 2018 has undeniably cooled the Canadian housing market — but homebuyers are adjusting to stricter standards, one expert suggests.
The recent stability seen in some of Canada’s biggest markets is here to stay, suggests one of the country’s leading real estate companies.
It is more likely than not that the Bank of Canada holds the interest rate at 1.75% on Wednesday, but there’s a growing chorus that believes it will decrease the rate before the end of the year.
A year and a half after federal policymakers toughened up qualification rules to tame an unruly market and reduce risk to the economy, Canada’s mortgage market is showing signs of recovery.
Most experts anticipate that the next time the Bank of Canada adjusts its policy rate, it’ll make a cut.
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