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Capital Economics thinks future rate increases may “topple” Canada’s real estate market

A recent report by Capital Economics says the expected cycle of interest rate hikes from the central bank may “topple” the national real estate market. According to Capital Economics Senior Canada Economist Stephen Brown, the 2.5% rate markets are now forecasting for the next...
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Food and gas prices growth in Canada is already equivalent to three central bank’s rate increases

According to an economist from the National Bank of Canada, inflation has shown a larger-than-expected increase and it will keep affecting household balance sheets in the nearest future. Today, inflation in Canada is at its highest level in more than 30 years, as the annual number...
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RBC survey shows home-buying intentions are returning to pre-pandemic numbers

It looks like home-buying attitudes are changing again in Canada as people are heading towards the post-pandemic mindset. The recent survey by RBC shows that purchase intent is already back to what we saw in January 2020: 23% of respondents say they will probably...
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Housing hunting raises Canadian household debt to record levels, but net worth is also going up

The recent data from Statistics Canada shows that Canadians kept buying real estate in 2021, raising home prices and debts to new record highs. The cost of properties owned by households in Canada was up by $1.5 trillion (US$1.2 trillion) to $8.3 trillion last...
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Housing prices reach another record level in Canada

According to the Canadian Real Estate Association (CREA), February saw an average home price reaching another record level last month – $816,720. It’s 20.6% more than a year earlier. Moreover, it was the second-busiest February in terms of home sales. Obviously, the hottest markets...
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