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Fitch Expects World’s Biggest Real Estate Price Correction in Canada

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Fitch Expects World’s Biggest Real Estate Price Correction in Canada A major credit rating agency predicts deteriorating conditions for the Canadian housing market. The most recent client risk assessment from Fitch Ratings for the mortgage bond market has been withdrawn. According to the agency’s report, soaring global real estate prices are likely to correct, with […]

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Essential facts about mortgage

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Essential facts about mortgage A mortgage, at its most basic, is a debt taken out to finance the purchase of real estate. A mortgage, like any other loan, has parameters such as an interest rate and an amortisation (payment) schedule. Mortgages are secured by the collateral of the home itself. This means that the mortgage

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BoC Index: Canadian Housing Affordability Unsustainable

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BoC Index: Canadian Housing Affordability Unsustainable Even while Canadian real estate has never been cheap, it has rarely been this costly in recent history. For the third quarter of 2022, the Housing Affordability Index (HAI) published by the Bank of Canada (BoC) reached a new record high not seen since 1983. What this means is

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