Renting is increasing among all ages. There is a need for better legal protection—and respect After decades of reliability, the Canadian dream of homeownership is beginning to look more like a pipe dream. Rising interest rates and stagnant property markets have put a strain on potential purchasers’ budgets, forcing them to look for alternative housing […]
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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IMPORTANCE OF PERFORMANCE AUDIT Canada’s home market could feel some relief from the influx of new inventory expected in the coming months. According to the CMHC, the number of housing construction projects started in September remained at a record high. BMO Capital Markets emailed investors to report a record number of apartments are now being
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BMO predicts a 76% correction in Canadian real estate markets by 2023. Canadian real estate prices are falling, but the bubble hasn’t burst yet. BMO told investors over the weekend that housing prices might diverge by 76% in Q1 2022. Home prices add a tiny premium to wage growth and interest rates. Canada’s divergence is
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Federal Ontario gives an investment of $259M for each GM for Oshawa When you picture yourself getting a mortgage, you perhaps imagine heading to your local bank branch to deliberate down with a mortgage specialist to discuss your choices. This was once the standard process, but today it might be a mistake. Mortgage brokers are
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A Proposal to Construct Three Towers Across from the Pioneer Village A plan has been proposed by N.H.D. Developments Ltd. to increase the number of people living in an apartment complex that is designed in the Tower-in-the-Park style and is located on the southwest corner of Steeles Avenue West and Jane Street in the Black
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The Finalization of 10Block Studio’s Plans for Luxury Condo 10Block Studio has recently submitted an application to the City of Toronto for Site Plan Approval in order to build a brand new luxury condominium tower that will be located at 65 George Street in the Old Town district of the city. The current application is
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Canada housing plans considered vague by BMO April 7th witnessed the release of the Canadian budget for the fiscal year 2022-23. Through the budget release, the Canadian government promises to enhance the housing conditions by making it more affordable and cost-efficient. The liberal party committed a few key measures, in case of re-election, that they
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High mortgage rates to overwhelm Canadian housing Canada and The real estate Industry have always walked hand in hand and soared high profits when it came to output. An all-time high housing market burns red with ultimately no sign of cooling down. From 2021 to February 2022 the real estate market in Canada bagged a
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BMO concerned about the collapes in Canadian real estate Everyone is interested in determining how low real estate prices can go in Canada now that the real estate bubble there has finally started to deflate. Over the course of the weekend, BMO Capital Markets provided clients with an analysis of the topic, including models and
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