Housing Market Moderates in May, but Prices Forecast to Rise 19.3% this Year Home sales and prices continued to moderate in May, easing from March’s peak. But with ongoing tight supply and high demand, prices are expected to remain elevated through the year. That’s according to the Canadian Real Estate Association (CREA), which released its [&hellip…
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The interest may run you the equivalent of a latte a day, but the opportunity costs — like missing out on vacations and RRSP savings — can be even greaterAuthor of the article:Jason HeathPublishing date: The average home price in Canada rose from $544,284 in March 2020 to $716,828 in March 2021 according to [&hellip…
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Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) unveiled its proposed changes on Thursday, which would require borrowers applying for uninsured mortgages—typically those with more than a 20% down payment—to qualify at their mortgage contract rate plus two [&hellip…
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