8/18/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Canadian immigration plummeted by almost two thirds in the second quarter as border restrictions remained in effect. ... More

Immigration to Canada Drops 64%, Threatening Economic Growth

  8/18/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The rate of residential investment to Canadian GDP has also swelled dramatically ... More

Property prices in Canada outstripped rest of G7 over the last 15 years - analysis

  8/12/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More

CMHC head pleads with Canadian banks to avoid risky mortgages

  7/14/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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While Canadian housing starts have gained momentum and are on pace for more than 200,000 this year, CIBC World Markets managing director and deputy chief economist Benjamin Tal ... More

Housing starts stay strong, but 'confusing' fall ahead: CIBC

  5/27/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Sales, new construction and prices all expected to decline during pandemic ... More

Housing market will feel effect of COVID-19 until 2022, CMHC says

  5/16/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. ... More

Stress Test Rate to Drop

  5/8/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The housing market can expect some recovery towards the end of the year according to Altus Group. ... More

Defying COVID-19 pressures, average prices might climb

  5/2/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are saying. ... More

Forced selling may be headed for Canada's housing market

  4/21/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

Canada braces for higher mortgage defaults

  3/28/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and job ... More

Canada's big banks field more than 200,000 mortgage deferral requests

  3/19/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic. ... More

Canadian consumer confidence takes unprecedented slump

  3/17/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ... More

Government announces new mortgage buying program

  2/3/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Economy nudged higher in the latest monthly stats, helped in part by the real estate and construction industries. ... More

Real estate, construction helps boost Canadian economy

  9/19/2019 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The average Canadian household was worth less in 2018 than in the previous year. ... More

Canadians' wealth reduced as real estate gains are erased

  8/2/2019 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Here’s a look at how lower rates south of the border could ripple through our country, according to five experts. ... More

5 ways the U.S. Fed's rate cut affects Canadians

  5/22/2019 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More

IMF urges Canada not to change policy despite calls to ease mortgage stress test

  3/10/2019 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says. ... More

Canadian Housing Market This Bad Normally Means Recession: BMO

  1/2/2019 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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As we head towards 2019 with a weakened Toronto housing market and a Vancouver market in free fall, many sense this may be the year the house prices will go down. ... More

4 Things That Will (And Won't) Happen In Canada's Housing Market In 2019

  12/19/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates. ... More

High debt levels, rising interest rates among challenges for 2019

  12/18/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The slowdown in Canada’s housing market is likely to weigh on the economy according to a new report from CIBC Economics. ... More

CIBC economists question BoC's view of housing market

  12/17/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More

CMHC issues warning

  12/7/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada. ... More

Canadian Household Debt Growth Slows Down

  11/2/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017. ... More

Bank of Canada wants rates back to normal - what that means for your mortgage, line of credit

  10/22/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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By 2023, the number of millionaires in Canada is expected to rise 54% to nearly 2 million people ... More

The number of Canadian millionaires will jump by more than half in the next five years

  10/2/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Canada’s economy faces a major risk through the next three years from how debt-laden consumers cope with higher interest rates, according to economists from three of the ... More

Canada on precipice of

  9/6/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Moody's revises its outlook for the Canadian banking system to stable from negative, as the ratings company now sees the Canadian government less likely to ... More

Canadian banking system outlook revised to stable from negative by Moody's

  8/21/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Canadians are becoming more confident in the outlook for the economy, real estate prices, and their finances. ... More

Confidence in the economy, real estate is growing

  7/12/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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With debt levels disconcertingly high, there could be ramifications to yesterday’s interest rate hike. ... More

Interest rate hike may signal hard times ahead

  6/27/2018 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Analysts are optimistic that the Canadian economy will bounce back soon, bringing with it increased consumer spending. ... More

Economic rebound, greater consumer spending imminent
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