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Despite minor improvement, housing affordability remains near all-time worst level: RBC

Despite minor improvement, housing affordability remains near all-time worst level: RBC

Despite a rise in average home prices earlier in the year, strong income gains were enough to improve affordability in the second quarter, albeit only slightly.  Despite a rise in average home prices earlier in the year, strong income gains were enough to improve affordability in the second quarter, albeit only slightly.  Mortgage Rates & Mortgage …

Despite minor improvement, housing affordability remains near all-time worst level: RBC Read More »

National Bank says its consumers remain “resilient” with $1 billion worth of excess liquidity

National Bank says its consumers remain “resilient” with $1 billion worth of excess liquidity

National Bank reports that its mortgage clients have been resilient in the face of sharply higher interest rates, thanks in part to high levels of liquidity.  National Bank reports that its mortgage clients have been resilient in the face of sharply higher interest rates, thanks in part to high levels of liquidity.  Mortgage Rates & Mortgage …

National Bank says its consumers remain “resilient” with $1 billion worth of excess liquidity Read More »

No rate cuts expected until second half of 2024, says BMO

No rate cuts expected until second half of 2024, says BMO

BMO Economics released its updated rate forecast today, reducing the amount of monetary policy easing it expects from the Bank of Canada in 2024.  BMO Economics released its updated rate forecast today, reducing the amount of monetary policy easing it expects from the Bank of Canada in 2024.  Mortgage Rates & Mortgage Broker News in Canada 

A closer look at self-employed homebuyers

A closer look at self-employed homebuyers

As Canada’s housing market continues to grow, self-employed homebuyers have emerged as a segment that simply cannot be ignored.  As Canada’s housing market continues to grow, self-employed homebuyers have emerged as a segment that simply cannot be ignored.  Mortgage Rates & Mortgage Broker News in Canada 

Home appraisals: Buyers bear the cost, but who owns the report?

Home appraisals: Buyers bear the cost, but who owns the report?

Even though prospective homeowners usually pay for their home appraisal, many remain unaware that they typically won’t receive a copy of it.  Even though prospective homeowners usually pay for their home appraisal, many remain unaware that they typically won’t receive a copy of it.  Mortgage Rates & Mortgage Broker News in Canada