Rising Interest Rates a Headwind for Canada’s Housing Market

Sep 19 19:09 2018 Print This Article

Rising interest rates and tighter mortgage lending rules may dampen the Canadian housing market in the coming months by reducing affordability for prospective buyers. That’s the latest outlook from the Canadian Real Estate Association (CREA), which revised its fall housing forecast, saying now that sales will drop 9.8% and prices will soften 2.8% to $494,900. […]

Read More

About Article Author

Canadian Mortgage Trends

Canadian Mortgage Trends (CMT) delivers the latest mortgage news in Canada for homeowners, online mortgage brokers, and real estate professionals. Author, Rober McLister is one of Canada’s best-known mortgage experts, a mortgage columnist for The Globe and Mail, editor of CanadianMortgageTrends.com (CMT) and founder of intelliMortgage Inc. and RateSpy.com. Robert created CMT in 2006. The publication now attracts 550,000+ annual readers, is a four-time Canadian Mortgage Awards recipient and has been named one of Canada’s best personal finance sites by the Globe & Mail. Prior to entering the mortgage world, Robert was an equities trader for eleven years and a finance graduate from the University of Michigan Business School.

Related Items

PSP, QuadReal Invest in London's Cherry Park?

PSP Investments put out a press release yesterday, Unibail-Rodamco-Westfield forms partnership with PSP Investments and QuadReal for a €750Mn (£670Mn) Private Rented Sector scheme in London:Unibail-Rodamco-Westfield announces today that it has signed a conditional agreement with a wholly owned s ...

Kenney stands by Notley’s personal income tax hike

Authors: Steve LafleurBen Eisen Kenney could have proposed pairing his 8 per cent corporate tax with an 8 per cent single-rate personal income tax. Read more about Kenney stands by Notley’s personal income tax hike Tags:  personal income taxes tax hike alberta taxes ...

Wisconsin's Big Public Pension Cheese?

Elizabeth Bauer wrote a comment for Forbes, 'Go North, Young Man,' To The Wisconsin Public Pension System:To parapharase Horace Greeley in his Manifest Destiny exhortation, but for those seeking out well-funded public pension plans, it's time to go north -- northwards from Illinois, that is, to th ...

Understanding DSGE Macro Models

Dynamic Stochastic General Equilibrium (DSGE) articles have attracted a great deal of attention in economic squabbling. In my view, the existing discussions of DSGE models -- mine included -- have been confusing and/or misleading. Properly understood, DSGE macro models are an attempt by neoclassica ...

Government targets certain investment funds that use forward contracts

The change takes aim at funds that seek to reduce taxes through dividend contracts The post Government targets certain investment funds that use forward contracts appeared first on Investment Executive. ...

The gap

Budget day. Hardly a surprise. More spending. Deficits stretching far into the future. The Moister Homebuying Strategy (yes, shared-equity mortgages, bigger RRSP withdrawals. More debt). And a major attempt to change the channel from the Lavalin mess. It’s an election year, of course. The Libs h ...

Q1 2019 Bank Earnings – Mortgage Morsels

The dust has settled after the latest round of Big 6 bank earnings, which indicated a sluggish start to the year on the mortgage front. Residential mortgage growth was subdued in the quarter, hit by a housing slowdown in the country’s largest markets, Toronto and Vancouver, but exacerbated due to ...

The noble goal

If you’ve even remotely thought about ordering a yellow vest or voting NDP, please leave now. The following will make you crazy. Elizabeth is a 1%er. Unapologetically. She’s also homeless, so you can guess where she and her husband hang out. “We’ve saving for a few years hoping to buy a ho ...

Calgary, Edmonton CRE investment rises during 2018: Altus

Ben Tatterton, of Altus Group Data Solutions, compiled both Q4 and year-end investment data for Calgary and Edmonton. (Courtesy Altus Group) Investment activity improved in the commercial real estate markets in Calgary and Edmonton last year, but economic uncertainty remains a key factor in both ...

Smaller cities tempt boomers, millennials: Bridgemarq’s Phil Soper

Phil Soper, president and CEO of Royal Lepage and Bridgemarq. (Image courtesy Royal LePage) A majority of millennials and baby boomers would consider moving from major cities to secondary cities across the country to purchase a home, says Phil Soper, president and CEO of brokerage Royal LePage an ...

Global tech talent drawn to Toronto feels warm welcome despite Visa delays

At the beginning of February, global accelerator program Techstars commenced its second cohort in Toronto. The cohort is comprised of a diverse range of companies, from crypto investors to singing apps, and POS systems for customers on-the-go. Techstars Toronto has attracted talent from across Ca ...

#Budget2019 makes Global Talent Stream permanent, provides no national data strategy

The Canadian government has tabled its #Budget2019. This government’s previous budgets have featured significant investments in Canada’s innovation economy. In 2017, the federal government committed $950 million towards Superclusters, building a national AI strategy, and launching the Venture ...

Alberta election shaping up to be a battle royale - Loonie Politics

  This time it’s personal. Alberta Premier Rachel Notley called the provincial election on Tuesday, and signalled she will go toe to toe with her foe Jason Kenney on who is fit to be premier. With Kenney’s UCP mired in scandal, Notley used words including ‘cheat’ and ‘lie’ in her in ...

Middle class, middle class and let’s not forget the middle class - Loonie Politics

  With its 2019 budget, the Liberal government is doubling down on its strategy to target the middle class, if only with its rhetoric.  They are investing in the middle class, they say.  They want to grow and strengthen the middle class and those working hard to join it, they say.  In fact, ...