The end is nigh for Canada's housing market downturn, RBC reports 3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion. ... MoreTags: Bank of Canada Benchmark Rate, Canada Real Estate, Canadian Economy, Canadian Home Sales, Canadian Housing Market, Canadian Housing Market Downturn, Canadian Housing Market Recovery,..
Jessi Sandhu Real Estate Blog
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3d ago
Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion ..read more
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'Record-high number' of Canadians don't think they'll ever afford a home: survey 3/7/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey. ... MoreTags: Canada Living, Canada Real Estate, Canadian Economy, Housing Affordability, Housing Correction
Jessi Sandhu Real Estate Blog
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3d ago
As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey ..read more
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Bank of Canada holds key interest rate at 4.5 per cent 3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu The Bank of Canada maintained its policy rate at 4.5 per cent, following eight consecutive rate hikes since March. ... MoreTags: Bank of Canada, Bank of Canada Benchmark Rate
Jessi Sandhu Real Estate Blog
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3d ago
The Bank of Canada maintained its policy rate at 4.5 per cent, following eight consecutive rate hikes since March ..read more
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Bank of Canada keeping options open but could be done on hikes: CIBC's Tal 3/9/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu The central bank has left its policy rate untouched for the first time in over a year ... MoreTags: Bank of Canada, Bank of Canada Benchmark Rate, Canada GDP, Canada Living, Canada Real Estate, Canadian Economy
Jessi Sandhu Real Estate Blog
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3d ago
The central bank has left its policy rate untouched for the first time in over a year ..read more
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Bank of Canada rate cut now 'a near certainty' 3/14/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu Bond markets predicting interest rates to fall – and possibly very soon ... MoreTags: Bank of Canada, Bank of Canada Benchmark Rate, Canadian Housing Market
Jessi Sandhu Real Estate Blog
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3d ago
Bond markets predicting interest rates to fall – and possibly very soon ..read more
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Canadian home sales rise in February despite drop in new supply 3/15/2023 | Posted in Canadian Housing Market by Jessi Sandhu Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in February 2023. ... MoreTags: Canada Real Estate, Canadian Home Sales, Canadian Housing Market, Canadian Housing Market Downturn, Canadian Housing Market Recovery, CREA
Jessi Sandhu Real Estate Blog
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3d ago
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in February 2023 ..read more
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Mortgage debt taking up a record share of income 3/14/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu The latest data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt. ... MoreTags: Canadian Debt, Canadian Households, Household Debt, Mortgage Debt
Jessi Sandhu Real Estate Blog
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3d ago
The latest data shows Canadians are spending 7.66% of their household disposable income on servicing their mortgage debt ..read more
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FHSA Is A Must Have For First-Time Home Buyers 3/1/2023 | Posted in First Time Home Buyers by Jessi Sandhu Move over RRSP Home Buyers' Plan (HBP) - there's a new kid in town. The Tax-Free First Home Savings Account (FHSA) arrives on April 1st, 2023. ... MoreTags: FHSA, First Time Home Buyers, TaxFree First Home Savings Account
Jessi Sandhu Real Estate Blog
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1w ago
Move over RRSP Home Buyers' Plan (HBP) - there's a new kid in town. The Tax-Free First Home Savings Account (FHSA) arrives on April 1st, 2023 ..read more
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Nearly three-quarters of CIBC's variable-rate clients have reached their trigger rate 3/1/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs. ... MoreTags: Variable Rate Mortgages
Jessi Sandhu Real Estate Blog
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1w ago
Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs ..read more
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GTA Home Sales and Listings Drop In February 3/3/2023 | Posted in GTA Real Estate by Jessi Sandhu February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022. ... MoreTags: Condo Prices Toronto, Condo Sales Toronto, GTA Condo Market, GTA Home Sales, GTA News, GTA Real Estate Market, Home Sales Toronto, House Prices Toronto, Toronto Living, Toronto Real Estate, Toronto Real Estate Prices, Toronto Residential, TREB
Jessi Sandhu Real Estate Blog
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1w ago
February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022 ..read more
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