Economic Insights Raymond Walia 10 Jun
This morning, in its fourth announcement of 2021, the Bank of Canada left its target overnight benchmark rate unchanged at 0.25%. As a result, the Bank Rate stays at 0.5%. It also provided somewhat encouraging thoughts on the state of, and outlook for, the Canadian and global economies and updated its outlook on inflation. Here […]
Read MoreGeneral Raymond Walia 3 Jun
Congratulations! There is nothing more exciting than moving into a new home. Whether a new building or re-sale property, there are a few things you can do as soon as you take possession in order to make it your own. Invest a weekend or two into warming up a featureless space or refreshing someone else’s […]
Read MoreEconomic Insights Raymond Walia 26 May
In its latest look at the threats to the country’s financial system, the Bank of Canada puts household debt and imbalances in the housing market at the top of the list. The Bank says these are not new problems, but they have intensified during the pandemic. Consumer debt has actually dropped in the past year […]
Read MoreEconomic Insights Raymond Walia 12 May
Canada Mortgage and Housing Corporation does not expect the country’s housing market to come off the boil until sometime in 2023. In its Spring Housing Market Outlook CMHC projects the national average price of a home could climb as much as 14% this year, putting the high end of the agency’s estimates at nearly $650,000. […]
Read MoreFirst-Time Home Buyer Raymond Walia 22 Apr
As a first-time buyer, there are some homebuyer mistakes you should avoid to ensure a smooth and successful experience: THINKING YOU DON’T NEED A REAL ESTATE AGENT You might be able to find a house on your own, but there are still many aspects of buying real estate that can confuse a first-time buyer. Rely […]
Read MoreEconomic Insights Raymond Walia 12 Apr
As we head into the 2nd quarter Canada’s Realtors are forecasting another year of records, while the country’s housing agency continues to call for caution. Market risk remains moderate In its latest Housing Market Assessment, Canada Mortgage and Housing Corporation is maintaining its overall vulnerability assessment at moderate. High demand, low supply The key concern is […]
Read MoreEconomic Insights Raymond Walia 12 Apr
Market watchers are keeping a close eye on inflation and the bond market. Bond traders believe inflation is going to be rising over the coming months and have been demanding increased bond yields. That has led to increasing interest rates for bonds and, consequently, increasing rates for the fixed-rate mortgages that are funded by those bonds. […]
Read MoreGeneral Raymond Walia 8 Apr
Like Lighting in a Bottle. That’s how Todd Talbot describes the chemistry between him and Jillian Harris, his co-host of the reality TV series Love It or List It Vancouver. There’s an undeniable electricity that flows between the pair who have battled against each other through 104 hour-long episodes of the home-design series. Sparks fly, […]
Read MoreEconomic Insights Raymond Walia 30 Mar
Canadian bond yields hit their highest level since April in recent days, and a number of lenders have responded by starting to raise some of their mortgage rates. CMLS, MCAP and First National were among the non-bank lenders to increase at least some of their rates, with their broker rates rising 10-30 bps. The 5-year […]
Read MoreEconomic Insights Raymond Walia 30 Mar
In a year that gave many market watchers whiplash Mortgage Professionals Canada finds that, at the end of the day, nothing really changed very much, particularly when looking at consumer sentiment. MPC’s annual “State of the Mortgage Market” collected nearly 2,000 responses to its online survey earlier this year. Using a 10 point scale, respondents […]
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