Will it be easier or harder for Canadians to buy a home in 2025?
Lower interest rates and changes to mortgages in Canada could help open the door to some would-be homebuyers in 2025. Here’s what to expect. …
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Tag: housing affordability
A 30-year mortgage with no rate hikes: Can the U.S. model work in Canada?
The federal government says it wants to explore bringing longer-term mortgages like those seen in the United States to Canada. Here’s why that might be challenging. …
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Housing affordability still strained despite improvements in 2024: report
National Bank of Canada said in its report that the third quarter of the year marked the third consecutive improvement in housing affordability. …
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Bank of Canada official warns about dangers of ‘tinkering’ with mortgage rules
The Bank of Canada’s Carolyn Rogers says improving housing affordability ultimately requires reaching a balance between supply and demand, which she says will take time. …
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As homeownership plummets, young Canadians are moving in with family: poll
Some 26 per cent of Canadians aged 18 to 34 own a home today, down from 47 per cent in 2021, according to new Scotiabank polling released Tuesday. …
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Canada’s condo supply is surging — and it’s not just in Toronto
Re/Max Canada said in its national condo outlook released Wednesday that listings in this segment of the market have ‘soared’ in recent months, opening a door to first-time buyers. …
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Ottawa to expand 30-year amortizations, raise insured mortgage cap
Finance Minister Chrystia Freeland announced proposals Monday to expand the availability of 30-year amortizations and to raise the price cap for insured mortgages. …
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