Finance
Economy
"Calm is Good" In Canada's Housing Market: BMO
"When it comes to Canadian housing, calm is good," writes head BMO Economics economist Douglas Porter.
May 16, 2024
Finance
Newly Launched Financing Model Makes It Easier To Access Your Home Equity
The Home Equity Partners Inc. has debuted a HESA model in Canada, giving GTA homeowners the opportunity to access flexible financing by tapping into their home’s value. The best part? It doesn't involve taking on debilitating debt.
Economy
RBC Now Forecasting First Bank Of Canada Interest Rate Cut In June
"As labour markets continue to weaken and inflation readings in Canada also come lower, all ducks seem to be in a row for the Bank of Canada to start cutting the overnight rate as soon as June, with 100 basis points of total cuts expected for this year."
First Time Buyers
Ontario's Suburbs Have Lost Some Shine Among New Homebuyers: Report
According to the 2024 New Home Buyers Report by Tarion, new homebuyers are no longer as keen on moving to suburbia as they recently were.
‘A Deep-Rooted Focus’: Averton Enters Alberta And Ontario Purpose-Built Rental Markets
"We appreciate that the homes we build, and the communities we develop, are the backdrop to our customers’ everyday experiences," says Averton President and CEO Paul Lanni. "This is something we don’t take for granted, and the pursuit of excellence is what fuels us.”
Finance
Both Renters And Mortgage Holders Flagged In Bank Of Canada Financial Stability Report
“Every year the Bank publishes this Report to offer an assessment of the stability of Canada’s financial system and highlight risks that could threaten that stability,” said Bank of Canada Governor Tiff Macklem at a press conference in Ottawa yesterday.
Mortgages
Difference In Total Interest Charges Between 25- And 30-Year Mortgage "Astronomical"
Zoocasa calculated how much the average monthly mortgage payment would be in 20 cities across Canada.
Economy
"Supported By Fundamentals": TD Doubles Down On July Interest Rate Cut
After Statistics Canada (StatCan) released its most recent gross domestic product (GDP) figures on April 30, Canada’s big banking players – BMO Economics, CIBC, and TD Economics – weighed in, predicting that a deceleration of the economy in Q2 would result in a long-awaited cut in interest rates come summer.
Mortgages
Sign(ing) Of The Times? Many Young Canadian Adults Co-Own Properties With Their Parents
If you were born in the 1990s and own real estate, there’s a good chance you’ve had a little help from your parents.
Economy
Loss Of GDP Momentum Could Mean Lower Interest Rates Come June: Economists
Statistics Canada (StatCan) reported on Tuesday that GDP rose 0.2% in February.
Finance
Huge Number Of Would-Be Homebuyers Holding Out For Interest Rates To Drop
According to the BMO Real Financial Progress Index, a huge number of aspiring homeowners are waiting for interest rates to drop before entering the market.
Taxes
Toronto Due For Vacant Home Tax Shake-Up After City Backtracks On Over 100,000 Charges
A shake-up is on the table at this week’s Toronto City Council deliberations when it comes to how the Vacant Home Tax will be rolled out in the years to come.
Economy
Odds Rise For June Interest Rate Cut Despite Uptick In Inflation
“Financial markets had been thinking there was a 50/50 chance of a June cut before today's data, but that probability rose to around 65% following the benign March CPI data release.”
Finance
Canada's Inflation Rate Rises To 2.9% In March
This morning, Statistics Canada (StatCan) published its anticipated March inflation report.
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