Fixed mortgage rates may go up, but it doesn’t mean Canada’s real estate market will crash

It’s quite possible that positive COVID-19 vaccine news from Pfizer and Moderna will mean the end of the pandemic in the nearest future. However, it may also lead to ending the period of historically low fixed mortgage rates. As you know, fixed mortgage rates depend...
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Inflation showed an unexpected increase in October due to the housing sector

Last month, Canada’s inflation reported an unexpected gain, driven partially by higher home ownership costs. According to Statistics Canada, annual inflation was up by 0.2% from September to 0.7% in October. Meanwhile, economists surveyed by Bloomberg predicted 0.4%. The report says an index of...
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Real estate industry experts are quite optimistic about 2021 in Canada

According to Andy Warren from PwC, Canadians involved in the housing industry are significantly more optimistic about 2021 than their American counterparts. Warren says 83% of the recent poll’s respondents believe 2021 will be a good year, while the number is only 55% in...
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Real estate sales were down by 0.7% last month

In October, Canadian housing sales showed the first decline since April, as the increased activity of recent months started disappearing. According to the Canadian Real Estate Association (CREA), national homes sales fell by 0.7% from September. Benchmark prices were up by 1% during the...
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Canada will face lower potential when the pandemic ends

The Bank of Canada’s Senior Deputy Governor Carolyn Wilkins expects the country to come out of the pandemic showing a lower outlook for potential growth and significant labor force challenges. In her opinion, a non-standard thinking is necessary in order to solve such problems....
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