Canada

Mortgage Rates To Climb, Bank of Canada Will Be Forced To Hike Early: Desjardins

Canada’s central bank is increasingly feeling the pressure from inflation. Desjardins, the country’s largest cooperative financial group, accelerated its interest rate forecast. They see the Bank of Canada (BoC) hiking rates a quarter earlier than previously expected. Elevated inflation is what’s behind the change, and it’s going to push the cost of mortgages higher.  The […]

Canada

Canadian Businesses Expect High Inflation, Sparking More Rate Hike Chatter: BMO

Canadian businesses increasingly see inflation as less of a transitory issue. The Bank of Canada (BoC) recently published the results of the Business Outlook Survey for Q3 2021. The survey, which measures future expectations for business activity, showed big inflation concerns. The share of businesses forecasting high inflation has never been this close to the […]

Canada Global

Toronto and Vancouver Real Estate Is Now Much Less Affordable Than LA, New York

Think Toronto or Vancouver real estate is too expensive? Then consider more affordable places like Los Angeles, New York, or San Francisco. Oxford Economics released its North American Housing Affordability Index (HAI) for Q2 2021. The global forecasting firm found affordability has deteriorated across North America. Toronto and Vancouver real estate were in a league […]

Canada

Canadian New Housing Starts Fell For A Fourth Month, But Still Much Higher Than Usual

Falling Canadian housing investment is starting to weigh on new housing activity. Canada Mortgage and Housing Corporation (CMHC) data shows housing starts fell in September. The drop comes after hitting a multi-year high earlier this year. Even with the drop, building activity is still elevated above historic levels.   Canadian Housing Starts Fell To 271,000 Units […]