/cloudfront-us-east-1.images.arcpublishing.com/tgam/3FIZHRGAGVJHDBJHQ3KEBH4HNQ.jpg)
A sold sign sits in front of a house in Toronto on Sunday, April 9, 2017.Graeme Roy/The Canadian Press The rapid downturn in Canada’s housing market is restoring a sense of calm to buyers who no longer need to fear being sucked into the whirling vortex of bidding wars. But now that prices are sliding, …
/cloudfront-us-east-1.images.arcpublishing.com/tgam/WAP2R7CU4FMRBN3CIQ6OFYVWMA.jpg)
Hydro One Ltd. is on a tear.Darren Calabrese/The Canadian Press The conventional wisdom is that when interest rates go up, utility stocks go down, but with the Bank of Canada continuing an aggressive tightening campaign – one that is expected to produce a jumbo hike on Wednesday – there’s a twist to the narrative. Unlike …
/cloudfront-us-east-1.images.arcpublishing.com/tgam/UMM2TCUU5BFODIBI4N4WZBL4VU.jpg)
Tiff Macklem, Governor of the Bank of Canada, at the Globe and Mail Center on Sept. 10, 2020.Fred Lum/The Globe and Mail When Bank of Canada Governor Tiff Macklem faces the media this Wednesday after what is sure to be another sharp interest-rate increase, reporters will almost certainly ask him some version of “Do you …
Booming labor market may prevent slowdown from becoming a recession Read More »
/cloudfront-us-east-1.images.arcpublishing.com/tgam/HVOOL557WNMV3JDBTQ3SW56GDU.JPG)
Although home prices have plummeted since the central bank started raising interest rates in March, CMHC economist chief Bob Dugan said he was ‘leery’ of forecasting a steeper price decline when the housing shortage is so severe.CARLOS OSORIO/Reuters Canada’s housing agency has cut its national home price forecast for this year and next, saying that …
/cloudfront-us-east-1.images.arcpublishing.com/tgam/5YHXPKGODJD3FOUQL4PVV7EKH4.JPG)
Lumber prices have tumbled in recent weeks.JENNIFER GAUTHIER/The Globe and Mail As inflation rates climb to multi-decade highs across the world, some of the biggest drivers of consumer-price growth have entered a new and welcome phase: Their prices are actually declining. Crude oil, wheat and lumber are among several commodities that have tumbled in recent …
Peak inflation? Why some prices are tumbling fast Read More »
/cloudfront-us-east-1.images.arcpublishing.com/tgam/UKD3KTLAGFIJZFCOMFNOUMOCWY.jpg)
Homes in Vancouver in 2019. For homebuyers needing a mortgage, appraisal risk creates anxiety, Robert McLister writes.JONATHAN HAYWARD/The Canadian Press Welcome to Mortgage Rundown, a quick take on Canada’s home financing landscape from mortgage strategist Robert McLister. You can’t get a mortgage without an appraisal and in most regions, appraisal values are dropping like a …
Mortgage Rundown: A sinking real estate market requires fast appraisals Read More »
/cloudfront-us-east-1.images.arcpublishing.com/tgam/RCRU34N4BZIV3PW7CVOODMYJGI.jpg)
A person walks by the Royal Bank of Canada building on Bay Street during the COVID-19 Pandemic in Toronto on Wednesday, May 27, 2020.Nathan Denette/The Canadian Press The Canadian economy will slip into a “moderate and short-lived” recession in 2023 as it copes with rising interest rates and lofty inflation, Royal Bank of Canada warned …
Canada to enter ‘moderate and short-lived’ recession in 2023, RBC economists warn Read More »
With interest rate increases to .5, 1.0 and 1.5 per cent so far in 2022, the Bank of Canada’s increases are causing confusion and stress for many Canadians, according to a 2022 real estate study completed by TD. It found 38 per cent of Canadians are confused about what is rising interest, while 76 per …
/cloudfront-us-east-1.images.arcpublishing.com/tgam/7GUXJURSWVNGTMQ3YOA6FQFZGM.jpg)
A house for sale in the Riverdale area of Toronto on September 29, 2021. Home resales dropped 41 per cent over June of last year in the Toronto region, and were down 4.7 per cent from May on a seasonally adjusted basis.Evan Buhler/The Canadian Press Home sales in Toronto and Vancouver plunged in June from …
Home sales and prices in Toronto and Vancouver plunge from last year’s highs Read More »
/cloudfront-us-east-1.images.arcpublishing.com/tgam/RZ5PSOC5BZJ6PPXC7ISIUEDCXY.JPG)
Framers work on a new house under construction in Airdrie, Alta., on Jan. 28.Jeff McIntosh/The Canadian Press Fisgard Asset Management Corp. has suspended residential construction loans in Ontario, British Columbia, Alberta and Manitoba, becoming the latest subprime mortgage lender to hit pause this year. The Victoria-based Fisgard, as well as other alternative lenders and the …
Subprime lender Fisgard suspends residential construction loans in several provinces Read More »
