Less than 20% of Canadians believe home prices will be higher in 6 months. Find out the key reasons why Canadians have lost confidence in what they used to believe was the “safest investment” available.
All tagged Economy
How can Canada's population keep growing while full-time employment has stalled?
anada's population is growing, despite the recent slowdown in full-time employment. As the country continues to evolve and adapt to changing economic conditions, it is important to ensure that all Canadians have access to good, secure jobs that provide a decent standard of living. With the right policies and investments in education, training, and innovation, Canada has the potential to continue to be a vibrant, growing, and inclusive society for years to come.
How will jobs in different Canadian cities be impacted by Coronavirus
The impacts of COVID-19 (coronavirus) on Canadian industries.
BoC raises key interest rate. Why is this important?
As many leading economists and all 6 big banks predicted, the Bank of Canada has raised the overnight rate to 1.75%. In this article, we explore why all these rates matter to every Canadian household, why the BoC has raised interest rates, and what to expect in the year ahead.
Vancouver Market Update - August
It’s official. Both House and Condo apartment prices in Metro Vancouver dropped in July. RBC Economics says they now believe that the mortgage stress tests will have larger, longer-lasting dampening effect on home sales than we previously thought.
All levels of government have targeted a “soft landing” but will people lose interest in buying real estate if it only appreciates by 1-3% annually? Will the realization that the party is over lead investors to the exits?
Toronto Real Estate Market Update – Better or Worse?
Over the past ten years there have been many government interventions intended to cool the housing market. It appears we may have hit a tipping point. The market has stalled and is either about to provide a “soft landing” or “hard landing” delivering much needed affordability to the market. Alternatively, this could just be a breather before prices continue their upward march.
Real Estate Market Update – The Tipping Point?
Over the past ten years there have been many government interventions intended to cool the housing market. It appears we may have hit a tipping point. The market has stalled and is either about to provide a “soft” or a “hard” landing which will deliver much needed affordability. Alternatively, this may be a breather before prices continue their upward march.
Why you should care that the Bank of Canada raised rates
As expected, the Bank of Canada has raised the overnight rate to 1.50%. This is significant because the overnight rate has risen 300% since beginning of 2016 when it was only 0.5%.
In this article, we explain the impact of this trend on mortgage payments and home prices.