Along with six largest domestic banks, the Bank of Canada has raised the interest rate for the third time. Home sales declined in Vancouver and Toronto last year and sales are likely to decline this year, amid new stress test policies. Analysts have mixed opinion over the future fundamentals of Canadian markets, but most of… Continue reading Canadian Housing Markets: Work on Wait and See Strategy Analysts Say
Several Canadian banks have already increased their five-year fixed mortgage rate ahead of the potential rate hike from Bank of Canada next week. Housing starts slowed in December, but prices are unlikely to decline despite strict policies and higher rates. Analysts have a mixed outlook for FY2018 and most of them expect a slight… Continue reading Rate Hike Is Coming – Here’s What to Expect from Canadian Mortgage Markets
Canadian financial markets are experiencing uncertainty and the government fears a housing bubble. Interest rates increased twice last year, while the latest job report suggests more rate hikes are coming sooner than later. Analysts have a diverse opinion on the impact of new OSFI policies on the mortgages, but the majority of forecasts present… Continue reading How Will Canadian Markets Behave After New Mortgage Policies?
The Bank of Canada is set to make more rate hikes in the next year, amid rising consumer debt, which is likely to create a housing bubble and financial crisis. The next rate hike is expected at the end of the first quarter of 2018, The Bank of Canada says. OSFI has unveiled new stress-test… Continue reading The Consumer Debt Crisis is Looming
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