Category Archives: Economic & Real Estate News

Mortgages push household debt to new levels?

While the uptick in mortgages is good news for the industry, the levels of debt could be a future concern once mortgage rates climb upwards. The latest bank data shows that total Canadian outstanding household credit rose to $1.869 trillion in August, up an annualized pace of 5.9% from July. Compared to the previous year,…
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China Weakness could postpone Fed Rate Hike

A significant slide in a preliminary measure of China's factory activity for September is getting more attention than usual because Janet Yellen mentioned concern about China's economic outlook as a reason for Fed caution.  This reduces the odds of a rate hike in October. Excess capacity across a number of industries in China, as well…
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Housing trends and affordability in Vancouver.

The latest RBC Economics quarterly report had the following to say about the housing affordability in Vancouver. Generally speaking, housing affordability remains fairly neutral in Canada with limited signs of undue stress being exerted on homebuyers.  Both at the national level and in the majority of local markets.  The two main exceptions are Vancouver and…
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Buying a vacation home?

Thinking of buying a vacation home? The month of May marks a time of change for those who own, or who wish to own, a vacation property. The snowbirds are returning from the sunny South and the Victoria Day holiday has historically been ‘opening weekend’ for many cottagers. It is also a time of year…
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