by Kevin Russell | Jul 13, 2024 | News
Canadian Mortgage Borrowers To Reduce Consumption Even After Rate Cuts: BoC Canada’s sharp and unexpected rate hikes will continue to produce damage, even after rate cuts. A new staff research note from the Bank of Canada (BoC) shows the overnight rate is much higher...
by Kevin Russell | Jul 5, 2024 | News
More rental housing development needed despite recent rise: RBC economist Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report. However, the report says more supply is needed to fill...
by Kevin Russell | Jul 5, 2024 | News
Canadian Households Now The Third Most Indebted In The World Canadian households are more indebted than they think. A new report from Quebec-based Desjardins’ shows households recently accumulated a world class amount of debt. In fact, households borrowed so much that...
by Kevin Russell | Jul 5, 2024 | News
Canadian Mortgage Arrears Rate To Rise 50% In 2024: Fitch One of the world’s largest credit rating agencies sees a bumpy road for Canadian mortgages. Fitch Ratings’ latest Global Housing & Mortgage Outlook shows the mortgage arrears rate rising modestly in Canada...
by Kevin Russell | Jul 5, 2024 | News
Rent control not the solution to N.S. housing crisis Anybody who says, as NDP Leader Claudia Chender did in her submission (Homes within reach for all Nova Scotians, June 7), that more rent control is the solution to the housing crisis, simply does not know what...
