Recent Immigrants Cannot Support High Home Prices in Canada Canada’s population growth is contributing to rising home costs. The more the demand, the higher the property price, right? Don’t jump to conclusions; the story’s premise could not be accurate. The income levels of immigrants were surveyed in 2021, and the results were just revealed by […]
Recent Immigrants Cannot Support High Home Prices in Canada Read More »
Rise in Toronoto’s Home Building Price Even if inflation in Canada has slowed, the price of constructing a new house continues to soar. According to Stat Can, Q1 2023 saw a significant increase in the price of constructing a new house. Instead of slowing down, growth has been picking up steam and is already over
Rise in Toronto’s Home Building Costs Read More »
Toronto and Vancouver Home Prices Rise Like Mortgage Credit Home prices increased dramatically last month in Canada’s two most populous real estate regions. In April, home values in both Toronto and Vancouver increased. There has been a gain in sales and a decrease in inventory in both markets, but this probably hasn’t led to the
Toronto and Vancouver Home Prices Rise Like Mortgage Credit Read More »
Despite the slowdown, Canadian mortgage debt continues to rise Despite the housing market recession, Canadians still have a serious addiction to mortgage debt. According to Stat Can, the sum of outstanding mortgage loans reached a new high in December of 2022. Even while the rate of increase in mortgage credit has fallen to its lowest
Despite the slowdown, Canadian mortgage debt continues to rise Read More »
What is mortgage stress test? The mortgage industry is currently undergoing a “stress test,” you may have heard about. It’s the guidelines that mortgage providers use to figure out whether a borrower is eligible for a loan, and if so, how much of a loan they can get. It’s still valid for purchasers with a
What is mortgage stress test? Read More »
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
New data reveals Canadian rentals exceed $2K for the first time In November, the average rental price in Canada topped $2,000 per month, according to a survey issued on Wednesday. Based on the numbers provided, it appears that renters in Canada are forking over an average of $2,024 monthly to cover their housing costs. This
New data reveals Canadian rentals exceed $2K for the first time Read More »
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
Mortgage rates to rise with latest interest rate hike, but the end of raising cycle near Read More »
CANADA HOPES TO WELCOME HALF A MILLION IMMIGRANTS BY 2025, BUT CAN THE COUNTRY KEEP UP? Policymakers say increased immigration is needed to boost Canada’s economy and reduce labour shortages, yet population expansion causes growing pains. Canada increased by 700,000 inhabitants in a year, about the same as Mississauga. Canada adds a big city each
Canada hopes to welcome half a million immigrants by 2025, but can the country keep up? Read More »
Canadian Real Estate Prices Fall 30%, Recession Starts: Ox Econ Neither the real estate market nor the economy in Canada looks particularly promising at the moment. This week, Oxford Economics issued a warning to its clients saying that a recession was starting to take shape. Higher interest rates meant to curb inflation are instead significantly
Canadian Real Estate Prices Fall 30%, Recession Starts: Ox Econ Read More »
