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Market Update

  • Canadian Household Debt Hits Another Record

    my better mortgage Market UpdateCanadian household debt ascended to another record in the third quarter, underscoring why policy makers are stepping up efforts to limit the risks of a collapse in the nation’s real estate market.

  • CIBC Expects Another Rate Cut in March

    low rateA forecast from CIBC World Markets predicts that the bank of Canada will make a further 0.25 per cent cut to interest rates in March despite the current weakness of the Canadian dollar. Chief economist Avery Shenfield says that growth will be lower than 2 per cent this year and sees the loonie falling to 77 cents US and not recovering too much above 80 cents US.

  • Down Payment Requirements Increase Feb 15, 2016

    my better mortgage Market UpdateEarlier this morning, Finance Minister Bill Morneau made the announcement that the minimum down payment for houses will increase effective Feb. 15, 2016. To see the full announcement, please watch the video by clicking here.

  • Housing Market Remains Solid

    decconstructionCanadian Housing Market remains solid as ecomomy continues to improve says Genworth Canada...

    While housing starts have slowed since their burst from 2010 to 2012, there is still room for future growth and the Canadian residential market remains solid, according to the Conference Board of Canada Autumn Metropolitan Housing Outlook commissioned by Genworth Canada (the report). 

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  • Market Update

     

    my better mortgage Market UpdateThe Canadian economy is all but certain to register a technical recession in the 2nd quarter. Last week global stock markets took a violent tumble and made a sharp rebound that rattled many investors. Yet Canada's housing market continues to ignore the world around it and defy gravity.

  • Market Update - October 2015

    my better mortgage Market Update

    Brokers – and the industry – will have to wait a little long for the expected rate hike.

    “To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4% target range for the federal funds rate remains appropriate,” the Fed said in a release Wednesday afternoon.

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