The latest residential market report from the Municipal Property Assessment Corporation (MPAC) reveals a significant cooling in Ontario’s housing market during Q3 2024, presenting both challenges and opportunities for stakeholders across the province. Market Overview The third quarter of 2024 has witnessed a province-wide decrease in both sales volume and prices across all residential property…
As we approach 2025, many Canadian homeowners who secured low-interest mortgages during the COVID-19 pandemic are facing a significant financial challenge: mortgage renewals at potentially much higher rates. This comprehensive guide will help you navigate the complex landscape of mortgage renewals, offering insights, strategies, and actionable advice to make the best decisions for your financial…
As we look ahead to 2025, the question on many Canadians’ minds is: “What’s going to happen with interest rates?” After a period of historically low rates followed by rapid increases, it seems we might be heading towards a more stable environment. But what exactly are the experts predicting? Let’s dive into what Canada’s major…
In a revealing analysis of Canada’s mortgage landscape, recent data from the Canadian Bankers Association (CBA) shows that while the majority of Canadian homeowners are managing their mortgage payments, there are growing concerns about the completeness of available data and potential risks in the housing market. Current State of Mortgage Delinquencies According to the latest…
The Bank of Canada’s recent decision to cut interest rates marks a significant shift in monetary policy, altering the economic landscape outlined in the July 2024 Monetary Policy Report. This analysis explores the implications of these cuts and how they reshape Canada’s economic trajectory. Inflation: A Tale of Two Sectors The July report highlighted a…
