Canada’s Growing Wealth Divide: Why Homeowners Have 30 Times Net Worth of Renters
In today’s Canada, the line between financial security and struggle often comes down to one thing: homeownership. According to the latest Statistics Canada Survey of Financial Security, the difference in net worth between homeowners and renters isn’t just wide —…
Canadian and US Dollar and Policy Rate Divergence Accelerate Mortgage Market Downside Risks
As the U.S. Federal Reserve and the Bank of Canada move in different directions on interest rate policy, a growing gap is emerging between the Canadian and U.S. dollars — and it’s shaking up the mortgage landscape. With the Fed…
Canadian Fixed Mortgage Rates Hijacked By US CPI Inflation
Fixed mortgage rates in Canada are no longer moving to the beat of the Bank of Canada — they’re marching to the rhythm of U.S. inflation. In recent weeks, persistently high Consumer Price Index (CPI) readings south of the border…
Canadian Mortgage Rates Bracing for a Gentle Descent Amidst US Market Sway
Mortgage rates in Canada are finally starting to come down — but slowly. Even though the Bank of Canada is hinting at more rate cuts ahead, what happens in the U.S. is still playing a big role. High inflation and…
Canadian Mortgage Rates Jumped This Week, Pushed Up by US Yields
Canadian mortgage rates surged this week — and the Bank of Canada wasn’t to blame. Instead, the pressure came from rising U.S. bond yields, which continue to influence Canada’s fixed-rate mortgage market. As U.S. inflation data came in hotter than…
Declining Home Prices Pose Risk to Canada’s Financial System
Canada’s housing market is cooling — and the ripple effects could run deeper than just falling home values. As property prices continue to slide in key regions, financial regulators are warning that the risk to Canada’s overall financial system is…
Why Owning a Home Became Even Harder in October
If you thought a cooling housing market would finally make homes more affordable—think again. Despite lower sales activity, softening demand, and even a few dips in fixed mortgage rates, owning a home in Canada became harder for the average Canadian…
Declining Home Prices Pose Risk to Canada’s Financial System
What OSFI’s Latest Warning Means for Canada’s Housing Market On April 18, 2023, Canada’s top financial watchdog, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook. The report raised concerns about the country’s financial…
High Interest Rates Take a Toll on Canadians’ Love Lives
The Debt Dilemma In an unexpected twist, love is being tested by something far less romantic: rising interest rates. According to a 360 Lending survey, nearly half of Canadians now say that their love lives are suffering due to financial…
Home Affordability Continued To Erode In August, Hitting A National Increase of 8.27% In Income Needed
Homeownership in Canada just got even more out of reach. In August, the income needed to buy a typical home surged by 8.27% compared to the previous month — marking yet another blow to affordability. As housing prices remain high…
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