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Money Talks: Housing Market Slowdown Not Enough to Stop Canada’s Booming Economy
Ontario’s cooling housing market has been no match for Canada’s booming economy. Canadian GDP surged more than expected in the second quarter, growing at the fastest pace since 2011.
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Money Talks Volume 3
Canada’s economy is hanging on for dear life. This edition of Money Talks looks at whether there’s light at the end of the tunnel.
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How Brexit Could Impact Canada’s Housing Market
Brexit dealt a massive blow to the financial markets, as heightened economic and political uncertainty triggered unrest across the globe. The aftershock of the referendum will have a prolonged impact on the global economy, including real estate.
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Strong Mortgage Regulations Make Canada Resilient to Housing Crisis: Moody’s
Rock-bottom interest rates are driving an unprecedented housing boom that has many economists worried about an overvalued market. But a recent report from Moody’s suggests Canada is more than capable of withstanding a market correction without a US-style recession.
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Bank of Canada (BOC) Expected to Keep Rates Low Until 2017, Providing More Fuel for Housing Market
After cutting the benchmark interest rate to 0.5% in July 2015, the Bank of Canada (BOC) has remained largely on the sidelines, as the world’s eleventh largest economy battled plunging oil prices and slowing international demand.
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Canada’s Housing Market Review: March 2016 Edition
Canada’s housing market remained robust in March, as demand for multi-unit dwellings trumped rising unemployment and slower wage growth that could make it more difficult for households to afford homes.
Read moreThe Debt Ceiling Deal and Your Mortgage Rates
With the passing of a debt ceiling deal earlier this week, the US (and by association, Canada) has avoided the worst case scenario. Without any deal, as you’ve probably heard a million times over the last few weeks, the US credit rating would’ve been downgraded and mortgage rates across the continent would’ve been affected. Of…
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