Aurora Real Estate Information

On Tuesday, Mortgage Professionals Canada released the results of its most recent Rapidly Evolving Expectations in the Housing Industry report. The third in a s...eries of studies that kicked off in August, October’s report found that Canadian consumers have maintained overwhelmingly positive attitudes toward homeownership since COVID-19 cases began spiking at summer’s end. #canada #rates #mortgage #professional #results #housing #report #industry #studies #canadian #consumers #COVID19 #summer #positive

Parts of Canada’s housing market are showing strain, but one group isn’t buying into dire warnings about the end of a decades-long boom: the bankers writing mos...t of the mortgages. the six largest lenders see price declines of about three per cent over the next 12 months, according to forecasts they use to determine potential credit losses. #canada #housing #market #strain #warning #condominium #Boom #Bank #bankers #lenders #price #credit #forecast #Loss

Canada’s budget deficit will end 2020 near 20% of GDP, according to the IMF. That represents the fourth-highest projected deficit in the world, after Libya, ...Aruba and the Maldives, As regular readers know, the 5-year bond generally steers fixed mortgage rates. And while the BoC hasn’t formally adopted a yield curve control policy for the 5-year bond, it has been snapping up 5-year government debt week after week since April. That’s helped keep Canada’s 5-year yield below 0.40% for most of the last five months. #record #rates #boc #canada #economy #Deficit #budget #interest #mortgage #GDP #IMF #Ratio #economy #Highest #debt #yield

Toronto has Canada’s largest condo market after all, so it’s only natural that as more continue to go up, so do the prices. But in September, Torontonians and t...he rest of Canada alike were surprised to learn that condo prices and rent were declining and showing signs of strain as data was collected by the Toronto Regional Real Estate Board. #toronto #ontario #canada #largest #condominium #condo #price #market #september #surprise #rent #rental #realestate #housing

While Bank of Canada Governor Tiff Macklem has not dismissed the possibility of further rate cuts, a new Better Dwelling analysis is warning that negative rates... will not lead to the market boom that proponents assume. Contrary to expectations that negative rates will help stimulate the economy, they might come at a time when there’s nothing left to stimulate. #rates #economy #Highest #mortgage #gdp #Ratio #interest #loan #Bank #canada #new #Governor #Analysis #cuts #time