Mortgage 22

05/16/2022

Canada’s real estate bubble may force the country’s central bank to put inflation on the back burner. Yesterday, Bank of Canada (BoC) Deputy Governor Tony Gravelle addressed Quebec economists. In his speech, titled the Perfect Storm, he explained various interest rate scenarios. The one that sto...

05/05/2022

05/03/2022

“However, our reliance on cheap and easy credit is grinding to a halt as we speak.”

04/24/2022

Fannie Mae is predicting a recession, but says a sizzling housing market means that it won't be as long or severe as 2008.

04/24/2022

Existing home sales fell 2.7% in March from February and were down 4.5% from a year ago.

04/22/2022

Rapidly rising prices have politicians talking a lot about inflation lately — but economists say their rhetoric is too simplistic to explain a complex and challenging problem.

04/22/2022

The prime rate is likely to continue to rise and then peak in the next 12 to 24 months, while bond market expectations suggest it could be another three years before rates start dropping again

04/21/2022

As Ontario's sizzling real estate market puts home ownership out of reach for many Canadians, a growing number of prospective buyers are looking west.

04/15/2022

The 2022 federal budget promised $1.5 billion in funding for the rapid housing initiative, which helps build homes quickly for vulnerable people.

04/05/2022

Sellers remain in control of market.

03/29/2022

03/29/2022

29 March 2022
**B.C. introduces homebuyer protection bill that will allow cooling off period**

The legislative amendments, when passed, will give people buying a home more time to consider their offers, ensure financing and obtain a home inspection.

The province says the decision on timing will be determined following consultations with home inspectors, appraisers, realtors, academics and representatives from the legal and financial services sectors.

Source: Global News

Link:

The legislative amendments, when passed, will give people buying a home more time to consider their offers, ensure financing and obtain a home inspection.