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Posted by: Adriaan Driessen
Industry & Market Highlights Trudeau announces new emergency programme for workers who lost work from COVID-19 Prime Minister Justin Trudeau has announced the federal government is launching the Canada Emergency Response Benefit, a new programme that will provide $2,000 a month for four months to individuals who lost their work as a result of the […]
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Many current and future homeowners, are feeling concerned about the real estate market due to the health crisis and financial crisis that is slowly developing. Real estate is impacted by market volatility and financial liquidity/solvency concerns. Real estate is a commodity, and property values fluctuate as the market changes due to many influences that […]
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Many people, including myself, are feeling concerned about the health crisis and financial crisis that is slowly developing in front of our own eyes. We are experiencing a time of uncertainty, unknown territory, economic & market volatility and financial liquidity/solvency concerns. This is why I decided to put together a Canadian HomeOwners Guide to […]
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RESIDENTIAL MARKET UPDATE Industry & Market Highlights Is coronavirus about to prompt a house price crash? The impact of the COVID-19 coronavirus outbreak is being felt across the world, but what will it do to Canada’s housing market?” The short answer, of course, is that no one really knows, but the latest assessment of the […]
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Industry & Market Highlights Coronavirus COVID-19: Helping our Clients As this COVID-19 pandemic continues to evolve, we want you to know that we will be doing everything we can to support our customers and clients through this difficult time, both with their financial needs and also their safety and well-being. iMortgageBroker is setup to […]
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Industry & Market Highlights Bank of Canada lowers overnight rate at second 2020 meeting The Bank of Canada lowered its target for the overnight rate by 50 basis points to 1.25 percent from 1.75 percent. This is the first time the benchmark rate has changed since October 24, 2018. Comparing the Bank’s two most recent […]
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Industry & Market Highlights Minister Morneau Announces New Benchmark Rate for Qualifying For Insured Mortgages The new qualifying rate will be the mortgage contract rate or a newly created benchmark very close to it plus 200 basis points, in either case. The News Release from the Department of Finance Canada states, “the Government of Canada […]
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Industry & Market Highlights Canadian Qualifying Mortgage Rate Lowered to 4.99% Market interest rates have fallen sharply since the coronavirus-led investor flight to the safety of government bonds. The 5-year government bond yield–a harbinger of conventional mortgage rates–now stands at 1.34%, down sharply from the 1.60+% range it was trading in before the virus became […]
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Industry & Market Highlights Residential Market Commentary – Jobs up. Rates steady The Canadian economy just keeps playing into the hands of the Bank of Canada as the central bank continues to resist pressures to trim interest rates. The latest jobs report has given the Bank yet more ammunition to defend its position. The December […]
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Industry & Market Highlights Wishing you a wonderful Christmas holiday and a happy new year! Housing supply will be the big story in 2020 – CREA While Canadian housing suffered from relatively weaker sales in 2018 and 2019, the market will have to contend with the impact of shortages in housing supply next year, CREA […]
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