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Slowing economy points to the efficiency of Bank of Canada rate increases

Economist Pedro Antunes says that the flat Canadian economy at the end of the last year is a good sign that monetary policy is working to restrain inflation. According to Statistics Canada report, real gross domestic product (GDP) remained unchanged in the fourth quarter of...
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Private mortgages are becoming more popular in Ontario

The latest survey by the Financial Services Regulatory Authority of Ontario (FSRA) shows that affected by high inflation, growing interest rates, and a slowing economy, more Ontario residents who want to enter the housing market these days are considering private mortgages instead of traditional loans....
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Canadians’ purchasing power is still high even amid mortgage rate increases

The latest report by RBC Economics shows that in spite of the central bank’s overnight rate increase by 4.25% during the previous year, the influence of this change hasn’t revealed itself fully in a decrease of Canadians’ discretionary spending. At the end of January,...
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Average cost of new real estate in Canada remains almost unchanged

The latest report by Statistics Canada shows that new home prices were down by 0.2% in January compared to December, while an annual comparison points to a 2.7% gain. The main factor causing a slight decrease, according to the agency, are higher mortgage rates...
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Most potential homebuyers in Canada worry about housing affordability in 2023

The latest poll by Leger for RE/MAX Canada shows that most Canadians worry about affordability considering buying or selling a property this year. At the same time, a third of people still feel quite optimistic about a more balanced real estate market in 2023....
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