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Canada has 3 of the 10 most liveable cities in the world

8/18/2017 | Posted in Most Livable by Michael Antczak

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The annual rankings of the world’s most liveable cities has been revealed and three of the top ten are in Canada.

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Canadian homebuyer power has doubled since the millennium

8/18/2017 | Posted in Home Buyers by Michael Antczak

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A prolonged regime of low-interest rates along with a steady trend of rising incomes have more than doubled the amount that Canadians are able ... More


Interest rates to hit 1.75% by summer 2019

8/16/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.

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Canadian home sales fall further in July

8/15/2017 | Posted in Real Estate Market by Michael Antczak

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017.

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New mortgage data released by CMHC

8/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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New mortgages continue to grow in Canada, according to a new report. There were just over 1 million new mortgage loans funded in Canada last year — up 1.4% ... More


Canadian cities will have lowest office rates in the Americas by 2019

8/11/2017 | Posted in Commercial Real Estate by Michael Antczak

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Office vacancy rates in some of Canada’s biggest cities are set to be among the lowest in the Americas within the next two years as demand makes the markets among the ... More


Home construction picks up in July, driven by buildings, condos, CMHC says

8/10/2017 | Posted in New Developments by Michael Antczak

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The federal housing agency says home construction picked up last month. The annual pace of urban home construction increased by 5.5 per cent to 206,122 units, driven by a ... More


Here's why BoC might hold off raising rates despite all signs pointing to another hike

8/9/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Should Poloz and his policy team sit on their hands for now or entertain at least one more rate increase in the coming months?

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Rise of the robot realtor? Canadians amongst the most 'digitally-active' homebuyers in the world

8/8/2017 | Posted in Industry Trends by Michael Antczak

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New technologies are transforming the way people in Canada and across the globe are buying a home, with significant implications for consumers and the property ... More


Risk sharing could be negative for housing, mortgage market

7/31/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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If the federal government forces mortgage lenders to carry more of the risk for delinquencies it could have a negative impact on the housing market and lead to an increase in ... More


Avoid These Common Mortgage Pitfalls

7/31/2017 | Posted in Home Buyers by Michael Antczak

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A home is the largest purchase most people will make in their lives. That should reinforce the importance of planning ahead, doing your ... More


Governments "hypocritical" over household debt says Fraser Institute

7/19/2017 | Posted in Financial Health by Michael Antczak

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The high levels of Canadian household debt should not be viewed in isolation a new report from the Fraser Institute says.

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Suite of housing measures cooling market largely as expected: Morneau

7/19/2017 | Posted in Real Estate News by Michael Antczak

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The federal finance minister says steps taken to tame Canada's hottest housing markets have already helped slow down a sector he believes was moving at an unsustainable ... More


The Bank of Canada hikes rate for first time in seven years

7/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Central Bank raised its new target for the overnight rate to ¾% today, citing a confident financial outlook and above-potential ... More


Stress tests are driving some to riskier lending

7/12/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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The stress tests on mortgages, introduced last fall by the federal government, is pushing some homebuyers into uninsured lending options.

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Housing starts picked up in June: CMHC

7/11/2017 | Posted in Real Estate Market by Michael Antczak

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Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June.

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New Canadians overwhelmingly target home ownership

6/30/2017 | Posted in Home Buyers by Michael Antczak

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New study reveals Canadians born outside the country view home ownership as a major milestone.

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GDP Grows a Sixth Month, Adding to Canada Rate-Hike Pressure

6/30/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Canada’s economy grew for a sixth consecutive month with gains in a majority of industries, underlining the central bank’s view a durable recovery from an oil shock ... More


Homeowners worried over rate hike advised to lock in mortgages - experts

6/22/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates ... More


Canada accumulating private debt faster than any other advanced economy

6/22/2017 | Posted in Real Estate Market by Michael Antczak

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We all know about Canada’s ballooning household debt. Guessing who else has gone on a debt binge to buy up real estate? Canadian corporations.

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U.S. Fed closing the door on low-rate mortgages in Canada

6/15/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ... More


Canadian home sales drop sharply in May

6/15/2017 | Posted in Real Estate Market by Michael Antczak

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a sizeable decline in May 2017.

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CREA Updates Resale Housing Market Forecast

6/15/2017 | Posted in Real Estate News by Michael Antczak

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The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ... More


Home Prices Up a Record 2.2% in May

6/14/2017 | Posted in Real Estate Market by Michael Antczak

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In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the ... More


Bank of Canada says next move likely an interest rate hike

6/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ... More


Forecasting the next rate increase

6/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

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Ontario new housing rules take a bite out of new construction numbers for country

6/9/2017 | Posted in Real Estate Market by Michael Antczak

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Canadian housing starts fell 8.6 per cent in May from April, a decline fuelled by a massive pullback in new home construction since Ontario moved to cool the housing market in ... More


More Canadian homeowners will renovate this year, but spend less to spruce up their space: CIBC Poll

5/30/2017 | Posted in Home Maintenance by Michael Antczak

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With average household debt and housing prices at record highs across Canada, a new poll by CIBC finds that a growing number of Canadian homeowners (48 per cent) are choosing ... More


Canada home prices not coming down yet thanks to low rates: Reuters poll

5/25/2017 | Posted in Real Estate Market by Michael Antczak

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Efforts to rein in Toronto's hot housing market and recent problems at mortgage lender Home Capital are unlikely to hurt Canada's national real estate market as low ... More


Income volatility for 10 million Canadians: TD Bank Report

5/18/2017 | Posted in Financial Health by Michael Antczak

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Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

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