Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store? Rising interest rates in 2022 drove home sales and prices lower, but what does 2023 hold in store? Mortgage Rates & Mortgage Broker News in Canada
The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect. The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect. Mortgage Rates & Mortgage Broker News …
The latest in mortgage news: Government unveils details of its foreign buyer ban Read More »
Canada’s headline inflation reading continued to fall in November, but core inflation rose, increasing the potential for an additional Bank of Canada rate hike in January. Canada’s headline inflation reading continued to fall in November, but core inflation rose, increasing the potential for an additional Bank of Canada rate hike in January. Mortgage Rates & Mortgage …
“Sticky” core inflation raises the odds of a January rate hike: economists Read More »
High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage, driving RBC’s affordability measure to its worst-ever level. High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for …
The cost of rent in Canada has been on an uptrend since the pandemic, and in November the average monthly rent reached $2,024. The cost of rent in Canada has been on an uptrend since the pandemic, and in November the average monthly rent reached $2,024. Mortgage Rates & Mortgage Broker News in Canada
Home sales resumed their decline in November following a pause in October, while average home prices also continued their downward slide. Home sales resumed their decline in November following a pause in October, while average home prices also continued their downward slide. Mortgage Rates & Mortgage Broker News in Canada
Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged. Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged. Mortgage Rates & Mortgage Broker News in Canada
Canada’s banking regulator is set to announce the results of its annual review of the mortgage stress test’s minimum qualifying rate on Thursday. Canada’s banking regulator is set to announce the results of its annual review of the mortgage stress test’s minimum qualifying rate on Thursday. Mortgage Rates & Mortgage Broker News in Canada
The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s. The decline in national home prices this year will not turn into a prolonged downfall like the one that happened in the early 1990s. Mortgage Rates & Mortgage Broker News in Canada
The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s Governor said on Monday. The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s Governor said on …
“Much higher” interest rates will be needed if inflation sticks, says Macklem Read More »