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Mandeep Toor's blog
New research finds that housing and debt risks are on the rise.
The risks posed by an overheated housing market and high household debt levels have increased in recent months, according to a new research note from Bank of Canada staff.
Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages.
How to ensure you're not overpaying.
TABLE OF CONTENTS
1. Consider Recently Sold Properties
Looking to sell? Don't spend money on these improvements.
TABLE OF CONTENTS
1. Swimming Pool
A pocket listing is any type of real estate listing that is retained by a listing broker or salesperson and not made available to other brokers in the office or to other multiple listing service (MLS) members.1 A pocket listing may also be referred to as an “off-market listing” or “exclusive listing.”
Canada’s top banking watchdog is about to take another stab at overhauling its stress test on residential mortgages.
A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale. An MLS allows brokers to see one another's listings of properties for sale with the goal of connecting homebuyers to sellers. Under this arrangement, both the listing and selling broker benefit by consolidating and sharing information, and by sharing commissions.
BY CREA ECONOMISTS
In a scheduled announcement on January 20, 2021, the Bank of Canada kept its target for the overnight lending rate at its effective lower bound of 0.25% and signaled it will continue to keep rates low until economic slack is absorbed and inflation is back to its 2% target.
Experts warn that overall wealth inequality is only going to worsen without real interventions to cool housing prices.
Jordan Press, The Canadian Press
The country’s annual inflation rate hit a pandemic-era high of 1.1% last month, driven by a rise in gasoline prices that suggests an economic recovery is on the horizon.