Canadians Are Not Maxing Out on Mortgages: Industry 'Jackpot' Arrives?

Описание: #canadianrealestate #bankofcanada #canadianeconomy

While Canadians are no longer maxing out on their mortgages (according to a new report from the Bank of Canada) that could be changing as the real estate industry hits the ‘jackpot’, with rate cuts and new rules on mortgage borrowing (according to the Financial Post).

Links:

Indicators of financial vulnerabilities:

https://www.bankofcanada.ca/rates/ind...

Mortgage and real estate industry hit the jackpot with this trio of announcements:

https://financialpost.com/real-estate...

Posthaste: Bank of Canada can go bigger on rate cuts as Fed 'blows the door wide open':

https://financialpost.com/news/bank-o...

Ottawa to expand 30-year amortizations, raise insured mortgage cap:

https://globalnews.ca/news/10757723/o...

Bank of Canada cuts interest rate to 4.25%, leaves door open for larger cuts amid struggling economy:

https://www.thestar.com/business/bank...

Would-be homebuyers are in limbo and only the Bank of Canada can free them:

https://financialpost.com/real-estate...

Federal government announces landmark adjustments to mortgage rules for first-time buyers in Canada:

https://blog.royallepage.ca/federal-g...

Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations:

https://www.canadianmortgagetrends.co...

Could longer amortizations solve the affordability crisis?:

https://www.mpamag.com/ca/mortgage-in...

Canadian Real Estate Markets See Supply Soar As Investors Exit: RBC :

https://betterdwelling.com/canadian-r...

What happened to all the real estate investors?:

https://www.theglobeandmail.com/inves...

One in four Canadians plans to buy investment property in next five years: Royal LePage survey:

https://financialpost.com/real-estate...

Government announces 30 year amortizations for insured mortgages to put homeownership in reach for Millennials and Gen Z:

https://www.canada.ca/en/department-f...

Bank of Canada plans to keep interest rate near zero until 2023:

https://www.cbc.ca/news/canada/bank-o...

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