9/15/2021 | Posted in Canadian Housing Market by Stephen Gale
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed between July and August 2021.

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  9/8/2021 | Posted in Mortgage Interest Rates by Stephen Gale
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The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic ... More

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  9/8/2021 | Posted in Canadian Housing Market by Stephen Gale
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Every major party platform offers proposals for reining in what has become a nationwide affordability crisis.

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  8/16/2021 | Posted in Canadian Housing Market by Stephen Gale
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down between June and July 2021.

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  7/15/2021 | Posted in Canadian Housing Market by Stephen Gale
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down between May and June 2021.

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  7/14/2021 | Posted in Canadian Housing Market Predictions by Stephen Gale
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Royal LePage is forecasting that the aggregate price of a home in Canada will increase 16 per cent to $771,500 in the fourth quarter of 2021, compared to the same quarter last ... More

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  7/9/2021 | Posted in Canadian Housing Market by Stephen Gale
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A growing number of Canadians, particularly renters, are planning to buy a home in the next 12 months amid the national economy’s steady recovery, according to a new ... More

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  7/1/2021 | Posted in Canada Living by Stephen Gale
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Wishing you and your family a very Happy Canada Day

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  6/10/2021 | Posted in Canadian Housing Market by Stephen Gale
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Canada's housing market has more firepower than some economists had imagined heading into 2021 and its performance through the first half of the year has Canada's ... More

Real Estate & Mortgage News

  6/10/2021 | Posted in Canadian Housing Market by Stephen Gale
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Canadian home prices are likely to grow by an average of 5% in the next half-year or so, but, surprisingly, the largest gains will not be in Toronto, nor in Vancouver, ... More

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  5/5/2021 | Posted in Canadian Housing Market by Stephen Gale
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Housing affordability in Canada has declined the most in two years

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  5/4/2021 | Posted in Home Buyers by Stephen Gale
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Unconditional offers are poor choices and our courts have shown little empathy for failed purchasers, repeatedly holding that vendors have no obligation to accommodate ... More

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  4/27/2021 | Posted in Home Owners by Stephen Gale
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If you’re like most Canadians, you’re more likely to tackle a home renovation than sell your current house and buy another or purchase an investment property.

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  4/20/2021 | Posted in First Time Home Buyers by Stephen Gale
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The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on the dream of ... More

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  4/13/2021 | Posted in First Time Home Buyers by Stephen Gale
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Real estate prices in many Canadian cities have climbed to all-time highs during the pandemic, so it should come as no surprise that some Canadians appear ready to give up on ... More

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  4/13/2021 | Posted in Canadian Housing Market Predictions by Stephen Gale
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The aggregate price of a home in Canada increased 14.1 per cent year-over-year to $749,165 in the first quarter of 2021, as strong demand continues to outpace supply in ... More

Real Estate & Mortgage News

  4/12/2021 | Posted in Canadian Economy and Housing Market by Stephen Gale
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In the pandemic-linked housing boom, average residential property values have become decoupled from average incomes over vast swathes of the country.

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  4/8/2021 | Posted in Home Buyers by Stephen Gale
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One in five Canadians are hoping for a significant fall in housing prices, a sign of the mounting frustration felt by many people looking to get into the country's hot ... More

Real Estate & Mortgage News

  3/31/2021 | Posted in Canadian Housing Market by Stephen Gale
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The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market.

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  3/30/2021 | Posted in Canadian Housing Market by Stephen Gale
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Long-term risks to the economy are being exacerbated by outsized demand, shrinking inventory

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  3/25/2021 | Posted in Canadian Housing Market by Stephen Gale
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Sustained housing price increases still outpacing the recovery in fundamental factors, such as labour income, means Canada's national housing market remains moderately ... More

Real Estate & Mortgage News

  3/9/2021 | Posted in Mortgages and Real Estate by Stephen Gale
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Mortgage credit grew in the fourth quarter of 2020 as Canadian consumers took steps to reduce all other forms of debt, according to new data from TransUnion.

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  12/3/2020 | Posted in Canadian Economy and Housing Market by Stephen Gale
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Canada's pandemic-weary economy is poised to "take off like a rocket" in the latter part of 2021, says CIBC World Markets deputy chief economist Benjamin Tal. His ... More

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  11/18/2020 | Posted in Financial Health by Stephen Gale
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The COVID-19 pandemic has pushed Canadians to accumulate the largest amount of cash ever recorded.

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  10/23/2020 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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Slower borrowing might lead to less consumer spending that could further delay Canada's economic recovery

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  10/23/2020 | Posted in Canadian Housing Market by Stephen Gale
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Instead of downsizing, the majority of Canada's seniors are planning to live in their own homes for as long as possible

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Real Estate & Mortgage News

  10/15/2020 | Posted in Canadian Housing Market by Stephen Gale
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Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another record in September 2020.

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Real Estate & Mortgage News

  8/31/2020 | Posted in Canada Living by Stephen Gale
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Canada's federal banking regulator is phasing out requirements around mortgage deferrals for homeowners hard-hit financially by the COVID-19 pandemic. As of July 30, there ... More

Real Estate & Mortgage News

  8/28/2020 | Posted in Canadian Economy and Interest Rates by Stephen Gale
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The Bank of Canada is starting to worry about inflation. Not because it sees any, mind.

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Real Estate & Mortgage News

  8/18/2020 | Posted in Canada Living by Stephen Gale
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"A home equity tax would be unfair and hurtful to Canadians during the best of times, but at this very moment – during a global pandemic – it is ... More

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