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Banks are expecting a wave of mortgage defaults: Economists say a credit crunch could hurt us all
A summary of the Toronto Star Article published July 13th 2024Author: Clarrie Feinstein, Business ReporterThe mortgage crisis has hit Toronto homeowners hard. Household debt is near record levels, and...
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Canadian housing market activity picked up in June
The Canadian housing market saw a modest increase in home sales in June, according to the latest report from the Canadian Real Estate Association (CREA). Home sales in Canada rose by 3.7% in June...
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Important Down Payment Information new home buyers need to know!!!
When it comes to applying for a mortgage in Ontario, Canada, one crucial aspect that prospective homebuyers often overlook is the importance of down payment traceability. In the mortgage application...
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Jobless rate rises to 6.4% in June, raising questions about the BoC's next rate
Canada's labour market fell short of expectations in June, leading to an increase in the unemployment rate to 6.4%. Despite this weak report, most economists believe the Bank of Canada will not...
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