by Neil Sharma While there’s near consensus among economists that the Bank of Canada will hold the interest rate at 1.75% on Wednesday, quite a few of them also believe a rate cut is just around the corner. “If we were only looking at domestic factors, we might think that the Bank would soon start to consider further rate hikes,” said … Read More

by Neil Sharma With the mortgage stress test, only one in 13 Vancouver families can afford to buy a home. “Only one in eight families earns the income necessary to manage ownership costs in the Vancouver area, and one in five families in the Toronto area and Victoria. And this isn’t taking into account the mortgage stress test,” said RBC’s report … Read More

by Ephraim Vecina Lower borrowing costs and a growing labour force are stoking the national housing market, with Canadian home prices going up for the first time in nine months, according to Teranet data. The latest edition of the Teranet-National Bank Composite House Price Index noted that prices went up by 0.5% on a month-over-month basis in May. Increases were observed in nine out … Read More

by Steve Randall There was a further increase in home sales nationwide in May, finally returning sales to 10-year average levels for the month. The Canadian Real Estate Association reported a 1.9% month-over-month increase while actual seasonal activity gained 6.7% year-over-year; the largest annual gain in three years. Sales only increased in half of local markets in May but were … Read More

By: Pete Evans House prices may be as high as ever in many parts of the country, but Canadian homebuyers are being offered some of the lowest mortgage rates seen in years as lenders battle to drum up new business. Rates on a standard five-year fixed-rate mortgage have fallen to their lowest level in two years, according to rate comparison website, Ratehub.ca. … Read More