If you're considering buying a home, it's important to factor in the rising cost of borrowing. Even a small difference in interest rate can greatly impact your monthly payments.
All in Rates
If you're considering buying a home, it's important to factor in the rising cost of borrowing. Even a small difference in interest rate can greatly impact your monthly payments.
A recession is likely and Canada is too indebted to splash on government bailouts this time.
With so many market headwinds, the risk that this is a pause in the correction is higher.
Canada's housing market is in a period of declining house prices due do painfully low affordability. According to Moody’s Analytics, Canada is only halfway through the housing correction.
Lower interest rates can make it easier for people to buy a home.
Consumer confidence is a valuable tool for predicting economic growth but a poor predictor of home values.
As we look towards 2023, it is vital for Canadians to be aware of the potential risks in real estate and to take steps to protect themselves and their investments.
We've seen a lot of changes in the Hamilton housing market over the last few years. The impact of the pandemic-induced low interest rates pushed demand through the roof. Now, a near tripling of mortgage rates has contributed to falling home prices.