9/30/2022 | Posted in Canadian Housing Market Predictions by Michael Antczak
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Canada’s national housing agency plans to revamp its forecasts to call for a drop of as much as 15% in home prices, as higher mortgage rates threaten to cause a protracted ... More
9/29/2022 | Posted in Foreign Buyers by Michael Antczak
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Proposals by the federal government to restrict foreign access to the Canadian housing market run the risk of complicating mortgage financing while not adequately addressing the ... More
9/20/2022 | Posted in Canadian Housing Market by Michael Antczak
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In addition to recording a fourth consecutive monthly decline on a seasonally adjusted basis, the Teranet-National Bank Composite House Price Index™ experienced its largest ... More
9/15/2022 | Posted in Canadian Housing Market by Michael Antczak
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed slightly in August 2022. ... More
9/5/2022 | Posted in Interest Rates by Michael Antczak
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Toronto home sales bounced 11% in August from the previous month. ... More
8/25/2022 | Posted in Canadian Housing Market by Michael Antczak
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While market activity has decelerated significantly in recent months, several factors will act in concert to prevent an all-out housing crash, market observers argue. ... More
8/19/2022 | Posted in Canadian Housing Market by Michael Antczak
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Immigration and shrinking household size will support Canada’s property market through the current correction according to a new report from RBC Economics. ... More
8/16/2022 | Posted in Canadian Housing Market by Michael Antczak
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in July edged higher compared with June despite a slowdown in urban starts. ... More
8/15/2022 | Posted in Canadian Housing Market by Michael Antczak
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed further in July 2022. ... More
8/12/2022 | Posted in First Time Home Buyers by Michael Antczak
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Details of a new account to help Canadians save to buy their first home have been revealed this week. ... More
7/18/2022 | Posted in Mortgages and Real Estate by Michael Antczak
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A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction ... More
7/18/2022 | Posted in Interest Rates by Michael Antczak
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The Bank of Canada's intention to "frontload" its path to higher rates means its policy rate could peak as early as September, according to a prominent CIBC ... More
7/15/2022 | Posted in Canadian Housing Market by Michael Antczak
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in June 2022. ... More
6/24/2022 | Posted in Canada Living by Michael Antczak
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Majority of supply gap found in Ontario and British Columbia, agency says ... More
6/16/2022 | Posted in Canadian Housing Market by Michael Antczak
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Bouts of pain in property prices could help wake market up to economic and wage realities, economist says ... More
6/16/2022 | Posted in Canadian Housing Market by Michael Antczak
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In May, the number of new homes that started construction in Canada trended lower compared to the previous month, but still remained at elevated levels. ... More
6/15/2022 | Posted in Canadian Housing Market by Michael Antczak
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in May 2022. ... More
6/14/2022 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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The likely deceleration of the housing market would be a welcome effect, Macklem says ... More
6/8/2022 | Posted in Canadian Housing Market by Michael Antczak
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House prices are set to continue falling across Canada as a result of the current market cooldown, with the only question being by how much, according to a well-known economist. ... More
5/30/2022 | Posted in Mortgage Interest Rates by Michael Antczak
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Central bank rate expected to hit 1.5% on Wednesday — soon it could be twice that ... More
5/2/2020 | Posted in Canadian Economy and Housing Market by Michael Antczak
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A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are saying. ... More
4/26/2020 | Posted in Canadian Housing Market by Michael Antczak
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The national market can still provide some impetus for home price growth despite declining sales, according to Royal Bank of Canada Senior Economist Robert Hogue. ... More
4/21/2020 | Posted in Canadian Housing Market by Michael Antczak
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Canadian home prices could fall a “relatively modest” five per cent by July as some owners are forced to sell in the face of the economic hardship brought on by ... More
4/21/2020 | Posted in Canadian Economy and Housing Market by Michael Antczak
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More
4/15/2020 | Posted in Canadian Economy and Interest Rates by Michael Antczak
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, citing ... More
4/15/2020 | Posted in Canadian Housing Market by Michael Antczak
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020. ... More
4/14/2020 | Posted in Canadian Housing Market Predictions by Michael Antczak
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According to the Royal LePage House Price Survey and Market Survey Forecast released today, the aggregate price of a home in Canada is expected to remain remarkably stable through ... More
3/16/2020 | Posted in Canadian Housing Market by Michael Antczak
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up between January and February 2020. ... More
3/9/2020 | Posted in Canadian Housing Market by Michael Antczak
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The trend in housing starts was 208,525 units in February 2020, compared to 211,153 units in January 2020, according to Canada Mortgage and Housing Corporation (CMHC). ... More
3/5/2020 | Posted in Mortgages and Real Estate by Michael Antczak
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More
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