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Declining Home Prices Pose Risk to Canada’s Financial System
Table of Contents 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…
High Interest Rates Take a Toll on Canadians’ Love Lives
Table of Contents The Debt Dilemma In an unexpected twist, love is being tested by something far less romantic: rising interest rates. According to a 360Lending survey, nearly half of Canadians now say that their love lives are suffering due…
Home Affordability Continued To Erode In August, Hitting A National Increase of 8.27% In Income Needed
Table of Contents One Thing Is Clear — August Borrowers Felt the Heat from the July 12th BoC Hike In August, the full impact of the Bank of Canada’s July 12 rate hike finally set in. And it hit hard.…
Home Affordability Slips in 9 of 10 Provinces Despite Declining Prices
Table of Contents Canada’s Housing Market Feels the July Rate Hike While the average Canadian home price dipped in many provinces this past July, affordability actually got worse almost everywhere. The culprit? Interest rates. Despite softer prices, the jump in…
Home Affordability Worsens in Majority of Provinces Amid July Rate Hike
Table of Contents Market Shows Signs of Stabilizing, But Affordability Lags According to CREA’s July 14 report, the Canadian housing market is starting to stabilize. Sales and new listings are returning to more normal levels, offering some breathing room for…
Home Ownership in Canada: Are You Among the 33% Who Believe They Never Will?
Buying a home has always been a dream for many Canadians—but for a growing number, that dream now feels out of reach. Soaring prices, higher mortgage rates, and stretched savings timelines have made homeownership seem nearly impossible, especially for younger…
Housing Starts and Housing Supply in Canada: The Impact on the Housing Market
Canada’s housing market has reached a breaking point. With population growth and immigration surging ahead, new home construction just isn’t keeping pace. The result? A growing affordability crisis that’s locking more and more Canadians out of homeownership. In this article,…
How AI Will Influence the Mortgage Industry in Canada
Artificial Intelligence (AI) is already making waves across industries, and Canada’s mortgage sector is no exception. From speeding up approvals to enhancing customer service, AI is transforming how lenders and borrowers interact. In this guide, we explore how AI is…
How Could Election Promises Impact Canadian Mortgage Rates?
Election time in Canada often comes with bold promises, economic plans, and plenty of speculation. But beyond the headlines, these promises can shape the conditions that directly or indirectly influence mortgage rates. With housing affordability dominating political debates and rising…
How Mark Carney’s Liberal Win Could Impact Your Mortgage Strategy
A new face is at the helm, and a familiar policy playbook is back in action. With Mark Carney leading the Liberals into a minority government, borrowers across Canada are re-evaluating their mortgage strategy in a landscape shaped by evolving…