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Posted by: Adriaan Driessen
London Mortgage Broker – Market Update Industry & Market Highlights Liberal Government Woes & Housing After two years of continuous rule changes reducing home owners purchasing power, creating a massive affordability gap, and stealing the future wealth from first time homeowners now unable to purchase their first home – the new Federal budget includes […]
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Industry & Market Highlights The next move: no move for BoC The next rate setting by the Bank of Canada will be on March 6th and market watchers are not expecting any change. Governor Stephen Poloz set a fairly dovish tone in his recent speech to the Chamber of Commerce of Metropolitan Montreal. Poloz called […]
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Industry & Market Highlights Federal Policy Impacts on Canadian Housing Markets Housing markets across Canada slowed significantly in 2018 as a result of higher interest rates coupled with mortgage stress tests and other policy changes that have constrained homebuying. Mortgage Professionals Canada’s latest consumer research report, Annual State of the Residential Mortgage Market in Canada, […]
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Industry & Market Highlights CMHC The Bank of Canada left the overnight benchmark policy rate at 1-3/4%, as expected. In another dovish statement, the Bank of Canada acknowledged a slowdown in global economic activity and highlighted that oil prices are roughly 25% lower than what they had assumed in the October Monetary Policy Report (MPR). […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights Behind Us – Ahead of Us Thank you for a wonderful and crazy year. It is a privilege to be part of your beautiful lives. Wishing you and your loved ones a wonderful Christmas holiday season and a prosperous new year! End of the year is […]
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Industry & Market Highlights Bank of Canada key interest rate announcement The Bank of Canada left its key interest rate unchanged, as expected, at 1.75 per cent. This announcement came in the wake of a move by the Alberta government to curtail oil production in the province after Jan. 1 to try to clear a […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights CMHC forecasts higher rates, slower housing The conditions are right for further interest rate increases and that will blunt home sales and slow price acceleration. The Canada Mortgage and Housing Corporation predicts the economy will continue to grow at a moderate pace well into next year. The […]
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Industry & Market Highlights The short break in interest rate increases may be over Over the past few months rates have held steady and gave home owners a reprieve in the increasing mortgage interest rate market. After the official announcement of a trilateral trade agreement with Canada, the U.S. and Mexico, and the US Federal […]
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Industry & Market Highlights CMHC 2018 Consumer Survey CMHC’s 2018 Consumer survey provides insights to what consumers are doing in the mortgage and real estate industry. Link here. MPC Mortgage Professionals Canada Q3 Housing Market Digest Get third quarter housing market information for Canada and each region including resale market data, housing stats, employment trends […]
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WEEKLY RESIDENTIAL MARKET UPDATE Industry & Market Highlights CMHC releases Sept. housing starts data The annual pace of Canadian housing starts fell to their lowest level in nearly two years in September. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate came in at 188,683 units last month, down from 198,843 in August. […]
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