Info, news and tips about the Canadian mortgage industry, – real estate/housing market, interest rates, and more.
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The July 2019 Bank of Canada interest rate announcement included a positive mention of the Canadian real estate market: The Bank of Canada (BOC) sees the Canadian real estate market stabilizing at a national level. On July 10, 2019, the Bank of Canada announced it is holding the overnight interest…
![This is How Much Canadian Condo Prices Differed Across Markets in 2018 Q4 [National Bank Housing Affordability Monitor]](https://www2.geowarehouse.ca/wp-content/uploads/2019/02/Canadian-condo-market-sm.png)
In the final quarter of 2018, Canadian housing affordability worsened for a 14th consecutive quarter, found economic research from the National Bank Housing Affordability Monitor. Using data from the Teranet-National Bank House Price Index, National Bank Deputy Chief Economist Matthieu Arseneau and Economist Kyle Dahms released a quarterly report on…
Last year in 2018 we saw many changes to the Canadian housing market. Now that 2019 is here, what will this year bring? We’re breaking down real estate predictions for the year ahead. Here’s what’s on our radar: 1. Interest Rate Increases In 2018, we saw Canadian interest rates rise…
Good news for those who have resolved to buy a house in 2019: the Bank of Canada overnight rate is staying the same for now. On January 9, 2019, the Bank of Canada (BOC) announced that the overnight interest rate would stay at 1.75% (the rate set in October of…
The Bank of Canada overnight rate has gone up to 1.75% after an October 24, 2018 announcement. This is the fifth interest rate increase since July of 2017, and the third in 2018. The Bank of Canada (BOC) cited robust U.S. and Canadian economies and the new US-Mexico-Canada Agreement (USMCA)…
July 11 and July 12, 2018 were busy days for the Canadian real estate market. On July 11, 2018 news broke of a Bank of Canada interest rate increase to 1.5% — the highest interest rates have been since December of 2008. Then, on July 12, 2018, the Teranet-National Bank…
On July 11, 2018, Canadian housing interest rates rose for the fourth time in a year, going up to 1.5%. The Bank of Canada interest rate increases began in July of 2017, going from 0.5% to 0.75%. From there, they went to 1% in September of 2018, and 1.25% in…
Looking at news outlets, the current state of the Canadian real estate market can seem pretty doom and gloom. Interest rate increases combined with new Canadian mortgage rules and a declining housing market have presented challenges, to be sure, but could there also be an advantage? While the housing market…
April 2018 won’t be seeing an interest rate increase the Bank of Canada announced this week. On April 18, 2018, the Bank of Canada (BOC) decided to hold its key interest rate at 1.25% but warned of hikes to come in the future. They cited the Canadian real estate market…
The Ontario housing market continues to be red-hot. House prices have increased significantly because of supply and demand challenges, often leading buyers to go above and beyond asking prices, engaging in bidding wars in an effort to find housing in a market that can’t seem to meet the demand. While…