Robert Kavcic Archives - Mortgage Rates & Mortgage Broker News in Canada

Weekly Mortgage Digest, Canadian Mortgage Trends

Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say

October 1, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Bank of Canada rate cut grows more likely as retail sales slump

July 19, 2024 No Comments

Retail sales dropped in May as Canadians cut back on spending, with early estimates suggesting the decline continued into June.

CREA cuts housing market forecast for 2024 despite June sales rising

July 12, 2024 No Comments

CREA has lowered its housing market forecast for 2024, citing increased supply levels and a slow spring season due to fewer anticipated interest rate cuts in 2024.

Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey

April 30, 2024 No Comments

The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

Canada’s unemployment rate surges in wake of strong population growth

April 5, 2024 1 Comment

Canada’s unemployment rate surged to 6.1% in March, driven largely to population gains outpacing job growth.

Home prices continue to fall under the weight of high interest rates, but affordability not improving

December 14, 2023 No Comments

Both home prices and sales continued to trend downward in November as high interest rates continue to keep many prospective buyers on the sidelines.

Home prices could be in “another leg down,” as housing weakness spreads

November 15, 2023 No Comments

Weakness in Canada’s housing markets is now spreading beyond the major markets of Vancouver and Toronto, the latest data reveal.

Canada’s economy now “struggling” under the weight of high interest rates

September 29, 2023 No Comments

Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results.

Robert Kavcic