New stats for starts suggest the Canadian mortgage market is in for a period of moderation, especially in once-hot urban condo markets. What does this mean for new home buyers?
This week’s Mortgages spotlight – housing starts decline across Canada in April, and condo developers face a credit crunch of their own.
The May edition of the Mortgage Rate Outlook Panel has arrived, and experts are calling for continued stability for both fixed and variable mortgage rates.
Earlier this week, outgoing Bank of Canada Governor Mark Carney spoke on the lessons learned for monetary policy makers from the financial crisis. Let’s take a look at how the Banks of Canada’s actions have protected us from the recession – and the lasting effects on our housing markets and overall economy.
A proposed new mortgage rule may limit smaller lenders’ abilities to fund record low mortgage rates. Could this indicate that these record low rates may eventually rise?
New Forecasts For Economic and Housing Market Growth Are Lower Than Expected The latest Rate Announcement was released by the Bank of Canada on Wednesday, stating that, once again, the Overnight Lending Rate would remain at one per cent. The announcement, Mark Carney’s second last in his position as BoC governor, hardly came as a …
Home buyers continue to shy away from the market, opting instead to grow their down payments, even with today’s record low mortgage rates. We break down the economic factors that may be influencing Canadians to hold off on their home purchases.
The thermostat may be rising, but the same can’t be said for mortgage rates in the month of April. RateSupermarket.ca’s expert mortgage panel forecasts stable conditions for both fixed and variable mortgage rates for the near future.
The March numbers are in for real estate performance in Toronto and Vancouver – and they show home shoppers remain frozen on their buying decisions. The real estate boards of both cities have reported a steep downturn in home sales over last month, compared with last year’s activity.
After a year of trending low mortgage rates, a feeling of uncertainty hangs over the Canadian housing market. With the typically hot spring selling season around the corner, new home buyers can’t help but wonder if rates will be pushed even lower – and headlines muse over the direction markets will take next.