Get your complementary Pre-Approval from aDiamondMortgage, here Average House Prices Rise Back Above $700k as Inventory Falls Home prices continued to rise in October as housing inventory fell back to its all-time low recorded earlier in the year. The average selling price in October was $716,585, up 18.2% year-over-year and 4.4% from September’s reading of $686,650, according to [&hellip…
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Get your complementary Pre-Approval from aDiamondMortgage, here. What impact will rate hikes have on Canada’s housing market? RBC senior economist on current risk levels on the housing and mortgage fronts Hikes to the Bank of Canada’s overnight rate are likely to have a “cooling impact” on Canada’s housing market, according to a senior Royal Bank of Canada (RBC) economist, with [&hellip…
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Get your complementary Pre-Approval from aDiamondMortgage, here Housing Affordability Worsens, Time Needed to Save for a Down Payment Increases Even before fixed mortgage rates started rising last month, housing affordability continued to deteriorate in the third quarter, the National Bank of Canada reported Wednesday. Housing affordability posted a third consecutive quarterly decline, while over the past 12 months [&hellip…
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