Tag: Canadian mortgage rates
-
Canadian and US Real Estate Affordability Improved, Still Near Record Lows
Housing affordability is finally showing signs of life in both Canada and the United States. A new report from BMO Capital Markets shows that falling home prices and lower borrowing costs have pushed affordability to a multi-year high in both countries. However, the bank warns that the improvement is modest and affordability remains near multi-generational lows. In…
-
Canadian Home Sales Expected to Stay Weak Until Prices Drop, Says BMO
Canada’s housing market is unlikely to see a strong rebound anytime soon, according to a new report from BMO Capital Markets. The bank says the gap between what sellers expect and what buyers are willing to pay remains the biggest obstacle to higher sales. Until that gap closes, either through voluntary price reductions or more…
-
Will Interest Rates Drop in Canada in 2025? What It Means for Buyers, Investors & Homeowners
The question on everyone’s mind as we head into Spring 2025: Will interest rates drop in Canada this year? With the Bank of Canada holding its overnight lending rate at 5.00% since July 2023, many Canadians are anxiously awaiting signs of a rate cut. Here’s what current data, expert forecasts, and economic indicators suggest for…
Canada Housing Market 