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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The Pitfalls of Rent-to-Own Contracts

There is NO guarantee that you will qualify for a mortgage at the end of your term; hence you may lose your deposit! You are buying a home based on an estimated future value, so you could be paying an over-inflated price. What happens if your house de-values over the term of your R20 contract?…
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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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