1/2/2021 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Amid an unpredictable pandemic, forecasts for the housing market are pretty much all over the map.
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12/3/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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

11/9/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Optimism towards the Canadian housing sector’s prospects has been mounting, but the market should not count out the impact of the lingering economic lethargy brought ... More

10/22/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Some economists polled by Finder expressed scepticism towards the Crown corporation's market outlook
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8/18/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Canadian immigration plummeted by almost two thirds in the second quarter as border restrictions remained in effect.
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8/18/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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The rate of residential investment to Canadian GDP has also swelled dramatically
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8/12/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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

7/14/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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

5/27/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Sales, new construction and prices all expected to decline during pandemic
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5/16/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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.
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5/8/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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The housing market can expect some recovery towards the end of the year according to Altus Group.
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5/2/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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 ... More

4/21/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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 ... More

3/28/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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 ... More

3/19/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.
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3/17/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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.
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2/3/2020 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Economy nudged higher in the latest monthly stats, helped in part by the real estate and construction industries.
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9/19/2019 | Posted in Canadian Economy and Housing Market by Paul Solomons
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The average Canadian household was worth less in 2018 than in the previous year.
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8/2/2019 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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.
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5/22/2019 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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

3/10/2019 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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.
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1/2/2019 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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 ... More

12/19/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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.
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12/18/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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.
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12/17/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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.
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12/7/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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.
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11/2/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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.
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10/30/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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Consumer spending is expected to slow as Canadians spend more on the interest on their debt.
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10/22/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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By 2023, the number of millionaires in Canada is expected to rise 54% to nearly 2 million people
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10/2/2018 | Posted in Canadian Economy and Housing Market by Paul Solomons
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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


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