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Reuters survey predicts rising Canadian housing prices due to high demand

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Reuters survey predicts rising Canadian housing prices due to high demand According to a Reuters survey of real estate experts, Canadian house prices are expected to decline by approximately 9 percent this year before rising again in 2024 and beyond as purchasers wager interest rates have already peaked and demand for housing remains high. After […]

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To Avoid Defaults, Canadian Banks Extend Amortisations 35 Years

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To Avoid Defaults, Canadian Banks Extend Amortisations 35 Years What is Canada’s secret for having such low delinquencies despite its high-interest rates? Evidently, they never paid off those enormous mortgages. A significant portion of mortgages had remaining amortizations of 30 years or more in Q1 2023, according to reports from Canada’s Big Six banks. Most

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Canada maintains 4.5% interest rate, What’s next

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Canada maintains 4.5% interest rate, What’s next? The Bank of Canada will reveal its decision on the benchmark interest rate it will use going forward. Even if the economy performs better than projected, most economists believe the central bank will maintain its key interest rate at 4.5 percent. The economy started the year strong, even

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Canadian real estate prices rise for the first time in almost a year

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The fundamentals of the underutilised housing tax The real estate market in Canada has been experiencing a precipitous decline; could this trend soon reverse? According to the latest figures from the Canadian Real Estate Association (CREA), the average price of a home across the country rose in February. Since the beginning of the rate increases

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Bank of Canada will increase rates, and leave room for more: BMO

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Bank of Canada will increase rates, and leave room for more: BMO One possible reason why we won’t see a rate cut this year is that Canadian markets have already started talking about them. Over the weekend, BMO Capital Markets sent a letter to investors stating their anticipation of a rate increase this week. Currently,

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Denied mortgage renewal: What happens next?

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Denied Mortgage Renewal:What happens next? If you want to keep paying down your mortgage after the current term ends, you’ll need to renew it. You will have to repeat this procedure several times before your mortgage is paid off. Lenders typically issue renewal offers a few months before a term ends. A new mortgage rate

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Mortgage broker or Lender: which is the best?

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Mortgage broker or Lender: which is the best? Because they are already familiar with the bank and do business there, some first-time house buyers decide to apply for a mortgage there. There is nothing wrong with this strategy. Some people or couples like to keep all of their financial connections, so to speak, under one

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Mortgage rates to rise with latest interest rate hike, but the end of raising cycle near

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Mortgage rates to rise with latest interest rate hike, but the end of raising cycle near The increase in interest rates by a half per cent that was implemented by the Bank of Canada on Wednesday signals greater hardship for indebted homeowners and those who are trying to enter the property market because they will

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As prices drop, Toronto is UBS’s bubbliest housing market.

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As prices drop, Toronto is UBS’s bubbliest housing market According to recent research by Swiss bank UBS, Toronto has the highest housing bubble risk in the world, exceeding even major financial centres like Frankfurt and Hong Kong. Toronto, followed by Frankfurt, displays extremely increased risks due to imbalances in global metropolitan housing markets, according to

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A rise in the Canada home prices again, 20th month in a row

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A rise in the Canada home prices again, 20th month in a row The surge in Canadian home prices continues unabated, reaching new highs for the 20th consecutive month in February. The latest Teranet-National Bank House Price Index, issued on Thursday, indicated a 1.7 percent increase in home prices between January and February across 11

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