report

Renters face daunting barriers in their attempts to build wealth as they're forced to devote an increasing share of their income to keeping a roof over their head, said an RBC report out Thursday.

Renters have harder time accumulating wealth than homeowners: RBC economist

March 14, 2024 No Comments

Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head, said an RBC report out Thursday.

OREA calls on government to increase housing supply

OREA calls for bold action to address Ontario’s housing shortfall

February 1, 2024 No Comments

Despite making progress on its goal of building 1.5 million new homes by 2031, the Ontario government must do more to improve housing stock and cut down on bureaucratic obstacles, the Ontario Real Estate Association (OREA) says.

Scotiabank report on government spending impact on monetary policy

Interest rates are higher than they should be due to government spending: Scotiabank

November 19, 2023 1 Comment

Canadian interest rate are about 200 basis points higher than it otherwise would be due to government spending at all levels, including billions spent on pandemic relief.

Home prices could be in “another leg down,” as housing weakness spreads

November 15, 2023 No Comments

Weakness in Canada’s housing markets is now spreading beyond the major markets of Vancouver and Toronto, the latest data reveal.

Recent rate hikes continue to slow housing activity in Canada’s largest cities

September 11, 2023 No Comments

Housing markets in the country’s largest markets continued to moderate in August, following the Bank of Canada’s recent interest rate hikes over the summer.

Higher interest rates put a chill on Canada’s housing markets in July

August 15, 2023 No Comments

Home sales and prices continued to ease in July following the two latest rate hikes from the Bank of Canada.

With mortgage rates back on the rise, two-thirds of Canadians plan to delay their home purchase

June 8, 2023 No Comments

Over two thirds (68%) of Canadians say they plan to wait until mortgage rates drop before they decide to purchase a house.

RBC sees mortgage delinquencies rising nearly 30% in the coming year

May 9, 2023 No Comments

After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.

Average rent in Canada rises back above $2,000, and over $3,000 in the GTA

April 24, 2023 No Comments

After easing over the winter months, rent prices are back on the rise across Canada.

Mortgage originations falling, says Equifax

Non-mortgage debt and delinquencies on the rise: Equifax

April 7, 2023 No Comments

High interest rates have applied the brakes to Canada’s housing market, with mortgage originations down nearly 40% compared to a year earlier.