TD Economics Forecasts an 85% Likelihood of Recession in the Coming Years
Today, Scott Barlow broke data riddled with the ‘R’ word. You know the one. Recession.
Barlow, a market strategist for The Globe and Mail, cited data from TD economists which analyzed recessionary risk in Canada over the next 12 months to two years. In particular, yield curves were suggested
Trouble in ‘mortgage land’ as higher borrowing rates weigh and refinancings dry up
‘The only people refinancing today are the people who really need to’
Canada’s housing market has been on a roll for years, but the Bank of Canada’s aggressive path of interest rate hikes and the possibility of a recession are ushering in a new economic reality that is beginning to
Canadian Real Estate Affordability Hits Worst Level Since The 90s: Bank of Canada
Canada’s central bank found housing affordability eroded further in the first quarter. The Bank of Canada (BoC) Housing Affordability Index (HAI) showed a sharp jump in Q1 2022. Affordability is now the worst in 3 decades, with the most recent erosion due to rising financing costs. However, this is likely to
National Average Rents Saw Another 10% Increase in July: Report
If you’re on the hunt for a rental in one of Canada’s biggest cities, continue to brace yourself for lofty prices and tight competition.
According to a new National Rent Report by Rentals.ca and Bullpen Research & Consulting, the average rent across all