The Canadian housing market was on the fence of a see-saw with the market’s direction up to the policymakers. The policymakers chose to support assets and restrained themselves from watching the housing market collapse due to debt. Home prices were seen with an increase of
With home prices on the rise, while reporting a record job loss, it leaves everyone in confusion. With the wealth gap widening, what can we expect? Central banks are now finding themselves in difficult situations with interest rate policies. How does Canada compare to Japan?
It is often in times we compare the Canadian housing market to other countries. How does inflation affect housing marketing in comparison to a country like New Zealand? They have sought out to stabilize the market by proposing the Reserve Bank of New Zealand step
The housing market is taking up a large chunk of the Canadian household debt. With 69% of Canadian debt coming from mortgage debt, it is keen to keep an eye out. Although prices may not rise to 2016’s levels, it’s still expected to rise faster
Why are mortgage payment deferrals increasing when the economy is slowly opening back up and many are returning back to work? Many Canadians are still looking for financial aid in an attempt to recover from the recession caused by COVID-19. Data shows numbers increasing and
With a pandemic and an increasing housing market, what can we expect for the Vancouver housing market? With new homeowners staying away from the busy city life because of the remote lifestyle, the COVID-19 pandemic has many situated. We can’t expect many homeowners to want
July 2020 has been great for Fraser Valley real estate market as data show a rise in sales activities. As jobs return and residents get back to work, is it any wonder that they are rushing to purchase a home when the interest rate is
Why are mortgage payment deferrals increasing when the economy is slowly opening back up and many are returning back to work? Many Canadians are still looking for financial aid in an attempt to recover from the recession caused by COVID-19. Data shows numbers increasing and
Amidst the current pandemic, Canadians are buzzing about a zero interest rate policy. Steve Saretsky speaks on why now is the best time for borrowers to lend money as interest rates are very likely to remain low for a long while. Read on to learn
Today, Steve Saretsky purports that due to the effects of COVID-19 on the Canadian real estate market, people have adopted a herd mentality. This is when people can be influenced by their peers to adopt certain behaviours on a largely emotional, rather than rational, basis.
