affordability Archives - Page 2 of 3 - Mortgage Rates & Mortgage Broker News in Canada

New rules coming for tenants paying fixed rent in Nova Scotia’s public housing units

June 21, 2024 No Comments

Nova Scotia is changing the rules for those who pay a fixed amount of rent for public housing, a move the government says is aimed at achieving fairness and consistency.

Exclusive: 76% of mortgage holders are anxious about their upcoming renewal: MPC survey

June 11, 2024 No Comments

Growing financial anxiety is affecting both Canadian mortgage holders and non-owners alike, according to the latest consumer survey from Mortgage Professionals Canada.

Immigration provides important buffer for Canadian economy as population greys: RBC

May 30, 2024 No Comments

High levels of immigration are helping blunt the economic impact of Canada’s aging population even though it’s worsened challenges with housing affordability, a report by RBC says.

Non-owners feel locked out of homeownership

Entry to housing market feels out of reach for 76% of non-owners: CIBC poll

April 12, 2024 No Comments

Three in four Canadians who don’t own a property say buying a home feels out of reach, a new poll shows.

Spring housing market surge unlikely as affordability, cost of living weigh on buyers

April 8, 2024 No Comments

economists say a rebound awaits the national housing market — but don’t expect a big surge just yet.

As homeownership costs hit a new high, RBC predicts affordability challenges for years to come

April 3, 2024 No Comments

Housing affordability in most major markets continued to worsen in the fourth quarter despite a slight easing of home prices.

Bank of Canada can't solve housing affordability challenge

The Bank of Canada can’t solve the country’s housing affordability problem: Macklem

February 6, 2024 1 Comment

While monetary policy plays a crucial role in the housing market, lowering interest rates isn’t a silver bullet for resolving Canada’s housing affordability crisis, Bank of Canada Governor Tiff Macklem said today.

Chrystia Freeland announces etension to foreign buyer ban

Federal government extends foreign buyer ban until 2027

February 4, 2024 No Comments

The federal government today announced a two-year extension to its foreign buyer ban in what it says is an effort to make housing more affordable for Canadians.

House of Commons Standing Committee on Finance

Mortgage industry reps provide feds with proposals to address housing affordability

November 10, 2023 3 Comments

Representatives from Canada’s mortgage industry presented the federal government with several proposals they say will help address the country’s housing affordability crisis.

Despite minor improvement, housing affordability remains near all-time worst level: RBC

October 2, 2023 No Comments

Despite a rise in average home prices earlier in the year, strong income gains were enough to improve affordability in the second quarter, albeit only slightly.

affordability