Big hike squeezing Canadians??
[Only for testing] Thousands of Canadians carrying hefty mortgages are scrambling to balance their home budgets after the Bank of Canada raised its benchmark interest rate by a full percentage point to 2.5 per cent last week. “If I don’t receive a pay increase or maybe some supplementary income, it will be really tough,” someone […]
Rte hike ‘takes a hammer to housing,’ says a Bank
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 […]
Central bank’s latest big hike squeezing Canadians with mortgages?
[Only for testing] Thousands of Canadians carrying hefty mortgages are scrambling to balance their home budgets after the Bank of Canada raised its benchmark interest rate by a full percentage point to 2.5 per cent last week. “If I don’t receive a pay increase or maybe some supplementary income, it will be really tough,” someone […]
Improving affordability for young buyers?
[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
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 […]
