New measures improving affordability for young buyers?

house, garage, driveway-1867187.jpg

[Sample for testing] The monthly mortgage cost on an average home has fallen $28 a month since February. This small savings is a symbolic win for all the young adults priced out of a housing market where average prices are 23.5 per cent higher than two years ago. Think of it as the start of the process of […]

Improving affordability for young buyers?

clock, money, growth-2696234.jpg

[Sample for testing] The monthly mortgage cost on an average home has fallen $28 a month since February. This small savings is a symbolic win for all the young adults priced out of a housing market where average prices are 23.5 per cent higher than two years ago. Think of it as the start of the process of […]

Where is it going?

[Sample for testing] The monthly mortgage cost on an average home has fallen $28 a month since February. This small savings is a symbolic win for all the young adults priced out of a housing market where average prices are 23.5 per cent higher than two years ago. Think of it as the start of the process of […]

Posthaste: Deeper correction possible as rate hike ‘takes a hammer to housing,’ says BMO

entrepreneur, idea, competence-1340649.jpg

Source: https://financialpost.com/executive/executive-summary/posthaste-deeper-correction-possible-as-rate-hike-takes-a-hammer-to-housing-says-bmo The Bank of Canada’s 100-basis-point hike was like taking a “hammer” to the housing market, setting it up for an even deeper correction next year, says a BMO senior economist. “The fact that the market had already cracked after the BoC’s initial move in rates only reinforced how sentiment-driven the market was, and […]