Bank of Canada’s Senior Deputy Governor, Carolyn Rogers warned today that mortgage structure changes would not help solve the housing affordability crisis. At a time when policymakers and industry stakeholders are grappling with the complex challenges facing the housing sector, this is a very sobering message. However, I saw this as long coming, as whileContinue reading “Bank of Canada dampens hopes for quick housing fix”
Tag Archives: investing
surge in Canadian housing market activity forecasted as interest rates fall
A whirlwind of activity is being predicted for the next quarter as investors attempt to offload properties given the lower interest rates and new mortgage reforms. In light of this, various experts are anticipating a substantial increase in housing market activity for the remainder of the year which could potentially reshape the landscape for buyers,Continue reading “surge in Canadian housing market activity forecasted as interest rates fall”
troubling data shows significant rise in power of sale listings as homeowners navigate economic pressures
A recent analysis using TRREB data shows a significant rise in power of sale listing in the GTA, with a decline in home prices and many homeowners going underwater on mortgages. This decline is being directly linked to economic pressures. As per the data, in some parts of the GTA, home sales and prices haveContinue reading “troubling data shows significant rise in power of sale listings as homeowners navigate economic pressures”
SP Singh Ahluwalia 