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Canada’s housing market outlook following more rate cutsThe interest rate outlook has shifted to more rate cuts on both sides of the border, just in time for a slumping housing market. Our financial analyst, Michael Campbell joins us with more details.Global News Morning BCAug 4
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Canada’s housing market hit ‘pause’ in July despite rate cutsWith few exceptions, Canada’s housing market is relatively slow this summer and that’s prompted the president of RE/MAX to call for a big policy change to stimulate the market and reduce barriers to entry for first-time homebuyers. Anne Gaviola has more on what it entails and what’s at stake.CanadaAug 15
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Business Matters: Canada’s summer housing market sluggish, but some neighbourhoods remain ‘hot’Despite two interest rate cuts from the Bank of Canada, the housing market has been sluggish this summer, though some neighbourhoods remained ‘hot.’ Anne Gaviola has this story and more in Business Matters for Thursday, Aug. 15, 2024.CanadaAug 15
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Montreal’s housing market due to pick up after two successive rate cutsFresh off the heels of the interest rate cut announced yesterday by the Bank of Canada, Montrealers are getting their mortgage calculators out. Realtors believe the lending rate reduction to 4.5 per cent is set to bring some people back into the property market. As Tim Sargeant reports, a housing market rebound may be on...Global News at 5:30 and 6:30Jul 25
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Continued upward pressure on prices for Saskatchewan housing marketWATCH: Saskatchewan Realtors Association CEO Chris Guerette says they are seeing record sales and 12 consecutive months of above average sales, meantime below 10 year averages in terms of inventory.EconomyJul 15
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Is Canada’s housing market perking up after interest rate cut?There are new signs that Canada’s housing market might be perking up. The Canadian Real Estate Association (CREA) released an updated housing outlook on Friday, and the numbers were up on a month-over-month basis in June following an interest rate cut. Mackenzie Gray reports on what it means for expectations around home sales and prices.Global NationalJul 12
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June interest rate cut didn’t revive Canada’s housing market, data showsDespite fears that June’s interest rate cut by the Bank of Canada would juice the housing market, the latest data shows that it wasn’t enough to ignite a flurry of activity… yet. Anne Gaviola has more on what it might take to revive real estate.CanadaJul 11
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A look at Atlantic Canada’s housing marketThere’s a growing number of individuals living in rental accommodations while affordability challenges continue across Atlantic Canada. As Megan King reports, many view home ownership as a far away dream – but some say there’s still hope.Global News at 6 HalifaxJun 21
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Small rate cut not enough to get most Canadians off housing market sidelinesThe first interest rate cut from the Bank of Canada since 2020 will not be enough to help most prospective homebuyers feeling sidelined by high borrowing costs, according to new polling conducted by Ipsos exclusively for Global News. Resident business reporter Anne Gaviola has more on the psychological impact of this shift in monetary policy.CanadaJun 11
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Business Matters: Interest rate cut not enough to get most Canadians off housing market sidelinesThe first interest rate cut from the Bank of Canada in more than four years will not be enough to help most prospective homebuyers feeling sidelined by high borrowing costs, according to new polling by Ipsos conducted exclusively for Global News. Anne Gaviola has this story and more in Business Matters for June 11, 2024.CanadaJun 11
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Economist expects interest rate drop will add heat to Edmonton’s housing marketThe Bank of Canada lowered its key interest rate for the first time in more than four years Wednesday. It’s a move experts say could drive up demand – and prices – in what is already a hot housing market in Edmonton. Erik Bay explains.Global News Hour at 6 EdmontonJun 5
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Saskatoon real estate market during back to school timeWATCH: Ashley Turner with Century 21 Fusion with a Saskatoon housing market update and advice for buyers and sellers into the new school year.ConsumerAug 14
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Manitoba real estate report: July 2024Manitoba’s housing market appears to be rebounding through the first seven months of the year – after a strong showing in July. A look at the latest numbers:Aug 9
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How are volatile stocks changing mortgage strategies?This past week’s massive market swings are changing expectations on the monetary policy front in Canada and the U.S., which has implications for the wave of people looking to renew their mortgage in the next few weeks and months. As Anne Gaviola explains, rate cuts from the Bank of Canada will affect the housing market...Aug 10
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Manitoba Metis Federation hits housing milestoneThe Manitoba Metis Federation is celebrating the success of a program that helps first time buyers break into the housing market. Katherine Dornian explains how it works and the difference its making for young families.Aug 1
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New Canadian mortgage rules criticizedIt’s being described by the federal government as a way for young Canadians to get into the housing market. But as Travis Prasad reports, critics say new rules that extend mortgage amortization to 30 years will help very few.Global News Hour at 6 BCAug 1
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Who qualifies for the new 30-year mortgage amortizations?Some Canadians looking to break into the housing market are now able to get 30-year mortgages, a bid from the Liberal government to make owning a home feel more affordable. Anne Gaviola has more on why critics say this affordability measure doesn’t quite hit the mark.Aug 1
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Liberal plan for 30-year mortgage amortizations beginsSome Canadians looking to break into the housing market can now get 30-year mortgages, up from the standard term of 25 years, thanks to federal changes to amortization rules. Mackenzie Gray explains who qualifies, how the federal government hopes it will make owning a home feel more affordable, and why critics warn it could be...Global NationalAug 1
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Canada’s housing market summer outlookThe real estate market is constantly changing and as we head into the summer months, experts are beginning to see a number of trends unfold. Real estate agent Anya Ettinger joins Antony Robart to share the impact these trends could have on Canadians.CanadaMay 22
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Global News at 5:30 Montreal: July 25Brossard residents are counting their blessings after a tornado touched down there on Wednesday night. Also tonight, the Quebec and Canadian governments butt heads over the fate of Quebec’s caribou herd and we look at the Montreal housing market following another interest rate cut.Global News at 5:30 and 6:30Jul 25