Bank of Canada Leaves Interest Rate at 1.75%, Markets React + MORE Jan 23rd
As bond yields fall, mortgage providers are cutting fixed mortgage rates + MORE Dec 1st
Not all rate hikes are created equal + MORE Nov 18th
What does the new Canadian Mortgage Charter mean for home owners? + MORE Dec 10th
Bank of Canada Raises Overnight Rate to 1.75%; Cites New Trade Policy and Growing Economy Oct 25th
Lender Call Roundup
– canadianmortgagetrends.com
The Canadian real estate market is a major driving factor for the economy right now, and the rental market segment is a contributing force. Purpose-built rental units are making a comeback and in coming years they will play a larger role in the Canadian rental real estate market.
The Canada Mortgage And Housing Corporation (CMHC) defines purpose-built rental stock as “privately initiated, purpose-built rental structures of three units or more.”
If you can’t picture what that looks like, a quick drive down the Gardiner Expressway will make it very clear. Interest rates are low, renter demand is high and investors are looking for alternate income streams. These combined factors create the perfect condition for purpose-built housing projects to thrive.
Buying a home is far less attainable than it used to be for young couples and home ownership isn’t the holy grail of retirement that it was for previous generations of Canadians…