Banks Information
Canadian Mortgage Rates Forecast To Rise Over 40%, Posted Rate Can Hit 7%: Desjardins Canadian inflation is marching higher, and so are the expectations for mortgage rates. Desjardins economics sees the 5-year posted rate having more room to rise than fall in the future. The institution has forecast the posted 5-year fixed-rate mortgage can rise up to [&hellip…
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Many millennial, Gen Z Canadians need help with homeownership Manulife Bank president and CEO discusses survey findings, strategies to address affordability challenges For years, high housing prices have made homeownership a distant and practically unreachable dream for many Canadians. And according to a new survey from Manulife Bank, which polled around 2,000 adult Canadians, the challenges [&hellip…
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The Canadian real estate market is one of the hottest in the world today. Despite the coronavirus pandemic affecting the G20 economy and leaving two million people out of work, the Canadian housing sector has been booming throughout the COVID-19 public health crisis. There have been many factors contributing to this impressive growth nation-wide: historically low interest rates, [&hellip…
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