Real Estate

The inverted

If you’ve been waiting to invest in a GIC that pays 5%, sorry. Not gonna happen. Conversely, if you need a cheapo mortgage to justify your house lust, you’re in luck. It’s coming. After this week’s big reversal in tone by the US Fed, markets and investors decided to throw in the towel. Sev ...

The Fed delivers on the dovish side

The Federal Reserve (Fed) held the target range for the U.S. federal funds at 2.25%-2.50% at its meeting on Wednesday. This outcome was in line with market expectations. In addition, the Fed indicated they do not expect to hike rates again in 2019 and only expect one hike in 2020. The statement rel ...

If millennials have no money, how can house prices be high?

Author: William Watson Over time, the main drivers of home prices are incomes and interest rates. Read more about If millennials have no money, how can house prices be high? Tags:  affordable housing housing affordability housing prices home prices ...

Barbarians

Poor Jake. He sees barbarians at the gate. For him, they’re already in the White House and Queen’s Park. They’re grasping for the levers of power in Alberta and Ottawa, where yesterday Conservatives were on the attack. “The CPC actions yesterday (drowning out the finance minister in the ho ...

Trudeau housing plan ignores local drivers of affordability

Authors: Josef FilipowiczSteve Lafleur In reality, housing is a local issue that requires local solutions. Read more about Trudeau housing plan ignores local drivers of affordability Tags:  housing affordability housing market affordable housing ...

March 20, 2019

There were no surprises in today’s FOMC statement: Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth quarter. Payroll employment was little ch ...

Huh?

When the concept of shared equity mortgages burst upon the nation in the budget late Tuesday, some people flipped. “How on earth would this not have the effect of increasing the cost of housing?,” Joe asked me. “Eventually (or quickly) wouldn’t this just get factored into selling prices? I ...

Is paying off debt with a $250,000 inheritance a good idea?

Q. I have a question about my soon-to-be gift/early inheritance. My amazing parents are (as I type!) downsizing and moving into a seniors community. With this downsizing, they have decided to gift between $200,000 and $250,000 to me when the literal and figurative dust settles, which should be abou ...

CREA Welcomes Focus on Housing in Budget 2019

Ottawa, ON, March 19, 2019 –  The Canadian Real Estate Association (CREA) welcomes the various measures in Budget 2019 that will help address housing affordability and provide meaningful support for Canadians.  REALTORS® have been advocating on behalf of millennials and others who aspire to h ...

18 ways the federal budget will affect your wallet in 2019

The 2019 federal budget is full of winners and losers. In fact, everyone from first-time home buyers, to seniors, to workers looking to upgrade their skills walked away with money in their pocket. But small business and high-income earners? Not so much. Here are 18 key ways the federal budget will ...