By: Ephraim Vecina While federal financial aid and mortgage deferrals have propelled some price growth recently, it will be only a matter of time before the full negative impact of the COVID-19 pandemic works its way through the housing market, according to a new report by Moody’s Analytics. In its newest Canada Housing Market Outlook, Moody’s said that the housing market’s … Read More

By David Larock Last Wednesday the Bank of Canada (BoC) announced that it would hold its policy rate steady, as was universally expected. In its policy statement, the Bank offered an updated assessment of the state of our recovery, and, by association, indicated where our mortgage rates are likely headed over the short and medium term. Let’s start with a quick review … Read More

But the crown corporation says it is well-placed to deal with the increase in insurance claims By Steve Randall The Canadian housing market has shown incredible resilience despite the challenges of the pandemic but the impact on homeowners will only become clear in the months ahead. As government support programs come to an end, there are concerns that mortgage defaults may increase as … Read More

by Ephraim Vecina Real estate technology firm Properly is offering homeowners who are looking to change properties the opportunity to buy first, and then sell their old homes later at a guaranteed price. The program, a cooperative venture with the Canadian Imperial Bank of Commerce, will be initially available only in Toronto, although an Ottawa roll-out is also in the works. … Read More

by Clayton Jarvis There were few fireworks on July 31, when Prime Minister Justin Trudeau announced that out-of-work Canadians who have been receiving the Canada Emergency Response Benefit due to COVID-19-related job disruption would be transitioned to the country’s employment insurance program this fall. CERB is set to expire on September 26, but anyone who began receiving payments once the program got underway … Read More