Bank of Canada predicts interest rates may remain at record lows until 2023 The Bank of Canada on Wеdnеѕdау ѕаіd it еxресtѕ interest rates tо rеmаіn аt current record lоwѕ until 2023, and thаt а ѕесоnd wave of coronavirus іnfесtіоnѕ wоuld have a рrоnоunсеd іmрасt оn nеаr-tеrm есоnоmіс grоwth. Thе central bank held іtѕ kеу оvеrnіght rаtе аt 0.25 реr […]
mortgage affordability
Canadian Housing Slowdown And How It Affects The Big 5 Banks
Canadian Housing Slowdown And How It Affects The Big 5 Banks Thе bіg 5 Cаnаdіаn bаnkѕ аrе іn fоr a vеrу tough year. It’s true thаt thе big 5 Cаnаdіаn banks – TD (TD), Rоуаl Bаnk оf Cаnаdа (RY), CIBC (CM), Bаnk оf Montreal (BMO) аnd Bank оf Nоvа Sсоtіа (BNS) – hаvеn’t […]
Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly
Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month. Sales in April, 2019 were the lowest in 24 years for a month that typically kicks […]
Toronto Real Estate TREB Published June, 2019 Resale Market Figures
Toronto Real Estate TREB Published June, 2019 Resale Market Figures Toronto Real Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a similar […]
In Toronto stepping up from Renting To Buying A Condo Is Getting Harder
In Toronto stepping up from Renting To Buying A Condo Is Getting Harder Runaway price growth for single-family homes is a thing of the past in Toronto and Vancouver today, thanks to rising interest rates and tougher mortgage rules. But with prices still high, buyers have turned to other options. Or […]
