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Welcome to our newsletter, The Friday Finale! We wanted to offer a simple, quick snapshot of information for you! Below are recent highlights of news over the past two weeks. Look for this to come out on a bi-weekly basis on FRIDAYS.
Yes, we are aware this is being sent on a Sunday but I had technical issues on FRIDAY and did not send it out on time. I don't want to talk about it. :)
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3 Reasons the Bank of Canada may be set to pause interest rate hikes | It's been almost exactly one year since the Bank of Canada began aggressively raising its key overnight lending rate. Since then, Canadian households have struggled with ever-increasing debt payments. Borrowing costs are up a stunning 425 basis points in the last 12 months. | |
Real Estate Prices Falling | Surging Bond Yields
| Canadian real estate prices are seen further correcting due to eroding market conditions. Fitch Ratings’ latest analysis shows prices falling 15%, due in part to rising rates. It’s the second largest correction in their global analysis, following the second largest price growth. | | | |
Canadian Credit Delinquencies Are Rising - But NOT Mortgages | Canadians are beginning to show minor signs of financial stress, but it’s worth noting. Transunion data shows credit delinquencies for nearly all segments rose in Q4 2022. A big exception was mortgage loans, which remain near the all-time low. | |
New GDP Numbers are IN! Canada's Economy Didn't Grow
| Statistics Canada reported Tuesday that Canada's economy didn't grow at all in the last quarter of 2022, and actually shrank in December. | | | |
WEBINAR: The New Real Estate Investor Reality | If you are a Real Estate Investor or want to be, you NEED to attend this session! Gone are the days of just buying a house and assuming the cash flow is good. Also, appreciation is NOT, I repeat NOT, a valid investor strategy. We will discuss the real estate investor game around cash flow. When to buy, when to walk away. Screening tenants...there is a CORRECT way to do this! What banks are looking for...this is a moving target you need to be on top of! | |
BLOG POST: Green Thoughts
| Welcome to Green Thoughts!
This blog is all about Canadian Real Estate, Mortgages, News. Anything that helps you, our incredible clients, navigate the world of real estate and mortgages. | | | |
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