Canada's Real Estate Market in "Recovery", Mortgage Renewal Wave Over??

#canadarealestate #canadianrealestate #bankofcanada

Canada’s real estate market is in recovery following the Bank of Canada’s interest rate cuts, this according a new report from Royal LePage. Further, the Mortgage Renewal wave could be overblow, says CEO Phil Soper, as ¾ of pandemic mortgage will have rolled over at the end of 2024.

Links:

Canadian housing market 'sluggish' despite change to mortgage loan rules:

   • Canadian housing market 'sluggish' de...  

Real estate rebound: Canada’s sluggish housing markets in recovery mode following third straight interest rate cut:

https://www.royallepage.ca/en/realest...

Home prices edged higher in ‘sluggish’ Q3, expected to move higher: Royal LePage:

https://www.bnnbloomberg.ca/business/...

Canada home prices show signs of recovery despite weak demand:

https://www.mpamag.com/ca/mortgage-in...

Canada's 'sluggish' housing market in recovery mode following interest rate cuts, Royal LePage forecast predicts:

https://toronto.ctvnews.ca/canada-s-s...

Canadian home prices sluggish but two cities posted double-digit gains:

https://www.wealthprofessional.ca/inv...

Posthaste: Get ready for the 'great adjustment' in Canada's housing market:

https://financialpost.com/news/housin...

Freeland says Canada will expand 30-year amortization, raise insured mortgage cap:

https://ca.news.yahoo.com/freeland-sa...

Consumer price index:

https://www.statcan.gc.ca/en/subjects...

Policy interest rate: https://www.bankofcanada.ca/core-func...

Half of sidelined homebuyers waiting for interest rate cuts to resume their purchase plans:

https://blog.royallepage.ca/half-of-s...

Posthaste: Sidelined homebuyers just waiting for the Bank of Canada to cut rates:

https://financialpost.com/news/homebu...

Mortgage and real estate industry hit the jackpot with this trio of announcements:

https://financialpost.com/real-estate...

Posthaste: 3.4 million Canadians will renew their mortgages by 2025 — and they're worried:

https://financialpost.com/news/3-4-mi...

Bank of Canada warns of steep jump in mortgage payments:

https://www.theglobeandmail.com/busin...

David Rosenberg: Canada's menacing mortgage math means crisis looming:

https://financialpost.com/news/econom...

Banks are expecting a wave of mortgage defaults: Economists say a credit crunch could hurt us all:

https://www.thestar.com/business/bank...

RBC warns of rising mortgage losses through 2025 with upcoming renewals:

https://www.canadianmortgagetrends.co...

Funds advanced, outstanding balances, and interest rates for new and existing lending, Bank of Canada:

https://www150.statcan.gc.ca/t1/tbl1/...

Mark Mitchell – Mortgage Broker London Ontario
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