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Have you been on the market for a new home, possibly even your first? If so, you’ve likely been looking into your local residential real estate market. As evidenced by findings from the Canadian Mortgage and Housing Corporation, interest rates are set to increase over the next few years. Whether you wish to secure a … Continued
(NC) A vacation should be a time of rest and relaxation away from the hectic pace of work and daily life. But it can also become a time with a lot of expenses that may prevent you from enjoying the moment. To make sure you don’t ruin your vacation with worries about unexpected spending, prepare … Continued
On a seasonally adjusted basis, home sales decreased 12.6% from March to April, a second monthly decline in a row. Despite this pullback, the resale market remained very active on a historical basis, standing above the historically high level of 45K now for 22 consecutive months. This seems to be the beginning of a downward … Continued
The Bank of Canada Announced today June 1st, 2022 another .50% increase to the overnight rate, this was expected with inflation at such high levels. You may have noticed that everyday items are just a little more expensive – gas and groceries to name a few! The bank of Canada raises these rates to help … Continued
We expect the growth in prices, sales levels, and housing starts to moderate from recent highs, but remain elevated in 2022. Robust GDP growth, higher employment and net migration will support demand. In 2023 and 2024, the growth in prices will moderate with sales and starts activity remaining above long-run averages. Homeownership affordability will decline, … Continued
The Bank of Canada increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it … Continued
Statistics released by the Canadian Real Estate Association (CREA) show national home sales were up in February 2022 as buyers jumped on the first batch of spring listings. Home sales recorded over Canadian MLS® Systems climbed 4.6% between January and February 2022. The monthly increase in activity was likely the result of a rebound in … Continued
Moving to a new place involves lots of changes, and it can take time to get used to your new surroundings, including new people, shops, parks and more. But living somewhere new is also an opportunity to explore and build community with your neighbours and in local spaces. Here are some tips to discover your … Continued
CMHC just released its quarterly dashboard for the Residential Mortgage Industry Quarterly Report. This report helps fill housing market data gaps by providing the latest trends and data in the mortgage industry. Key highlights from the winter 2022 dashboard include: More Canadians have taken on new mortgages (both for property purchases and refinancing) which led … Continued
The hot housing market, rising inflation, the ongoing pandemic, and an increasingly complex and digital financial marketplace can sometimes make money decisions feel overwhelming. You may be surprised to learn that just feeling more confident can actually help you make better choices. Here are some simple, practical things you can do to boost your financial … Continued
