External Factors a Wild Card in GTA Housing Market Forecast Oct 1st

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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 bank mortgage

Is this part-time teacher on track to retire in 9 years? + MORE Dec 18th

Sarah Press is 41 years old and working as a part-time teacher in Toronto. She also has what she calls some “side gigs” cleaning houses so that she can earn additional income that she hopes will allow her to retire at 50 on a reduced pension. “My true retirement age with the school board is 5.... More »

Canadian household debt hits $1.8T as report warns of domestic risk + MORE Mar 13th

TORONTO _ Canadians’ collective household debt has climbed to $1.8 trillion as an international financial group sounds an early warning that the country’s banking system is at risk from rising debt levels. Equifax Canada said in a new report Monday Canadian consumers now owe $1.821 trill.... More »
 mortgage buyout

Rates are going up… for now… is this the end of low rates? + MORE Jan 14th

 Next Wednesday will be the first Bank of Canada meeting date to set the Target rate, which directly affects Bank Prime rate and Variable rate mortgages. It’s almost a certainty that the Bank of Canada Governor, Stephen Poloz, will raise the rates. POSITIVE DATA MEANS HIGHER RATES Th.... More »

Auto sales to dip in most provinces, led by Ontario’s 3.1% drop: Scotiabank Feb 26th

TORONTO _ Canadian sales of cars and light trucks this year are expected to dip from last year’s all-time high, mostly because of weaker economic conditions in Ontario, Scotiabank said Friday in a report. The bank’s automotive outlook projected that 2018 could end a five-year string of s.... More »

What’s Driving Canadian Homebuyers? Feb 16th

Mortgage rule changes and increasing interest rates—surprisingly—weren’t the top motivators for prospective homebuyers in 2017, according to a new survey from the Canada Mortgage and Housing Corporation (CMHC). Instead, the 2018 Prospective Home Buyers Survey found that improved accessibil.... More »
Among external factors that affect housing markets, two are by far the most important and both are more or less directly controlled by the federal government. The first is policy regulation that defines the rules and parameters under which mortgage loans can be originated. The second is the interest rates set by the Bank of […]

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