Interested in learning more about property mortgages in Canada? Look no further!
It was created with the intention of saving Canadians from becoming over-burdened with their mortgages, but some critics of the Canadian government’s mortgage stress test say it is slamming the door on first-time homebuyers who would otherwise be able to break into the market. In a recent opi.... More »
The Canadian Real Estate Association reported today that national home sales plunged 9% from January to February, with 75% of local markets, including all major cities, recording fewer transactions. It’s not the first time CREA has reported such a steep month-over-month decline—home sales also d.... More »
Expectations for future interest rate hikes fell even further following yesterday’s Bank of Canada rate decision. Up until now, BoC Governor Stephen Poloz had repeated that the overnight rate—currently at 1.75%—would need to reach the Bank’s “neutral range” target of 2.5-3.5%. That implied a minimum of three more rate hikes over the next couple of […]
The housing agency said Friday the annual pace of housing starts slowed in February as higher mortgage rates and other economic conditions soften demand. Economists had expected an annual pace of 205,000 for the month but instead fell to 173,153 units.