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Canada’s rental market shows the lowest number of available apartments in more than 20 years

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Latest news

Canada’s rental market shows the lowest number of available apartments in more than 20 years

According to the latest report by Canada Mortgage and Housing Corp. (CMHC), the national apartment vacancy rate went down to 1.9% in 2022, marking the lowest level in more than 20 years. Such results can be explained by an additional number of newcomers Canada has...
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Bank of Canada raises its overnight rate and announces a pause

On Wednesday, the central bank raised its key lending rate for the eighth time in a row, signalling that it could be the last increase in this cycle. The Bank of Canada plans to take a pause and assess the influence of its sharp...
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One more interest rate hike is expected from the Bank of Canada on Wednesday

Most experts believe that the Bank of Canada will announce one more 0.25% rate hike on Wednesday and then will take a pause in one of the most aggressive tightening cycles in history. Last month, the BoC signalled that we’re getting close to the end of...
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More Canadian homeowners choose reverse mortgages to get extra money

A growing number of Canadians are using their real estate as a source of additional income. According to the recent report by HomeEquity Bank, reverse mortgage originations exceeded $1 billion in 2022 for the second consecutive year. “The interest in reverse mortgages is intensifying...
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BMO says we have reached mortgage rates peak or are close to it

According to BMO senior economist Robert Kavcic, mortgage rates will soon begin to fall in Canada. “If our forecasts are right, Canada’s mortgage rates are now at or near their peak. The central bank is expected to raise its key lending rate by 0.25%...
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