New CMHC CEO, Rate hike, $20k interest-free advancement, BC millennials, Arrears rate, More

Markets are driving rates up, will Tiff Macklem do anything about it?

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03 March 2021

Top news Markets are driving rates up, will Tiff Macklem do anything about it? Economist offers her take on why they're rising, what the central bank can do, and the opportunity for brokers CMHC reveals new CEO Evan Siddall to leave role in April Company owner on the value of proven networks and day-to-day reliability He stresses the central role of consistency in reaching success in the industry Analysis: Canadian arrears rate not likely to drop for at least two years The impact of deferrals might also last beyond that period B.C. millennials benefiting from pandemic pricing Interest rates have dropped making borrowing costs lower than in decades New service to maximize sellers' chances in bidding tussles The brokerage will be offering a $20,000 interest-free advance towards home upgrades and improvements made prior to listing Canada reeling from historic drop in real GDP However, gradual recovery is being impelled by strong market and consumer-side fundamentals International news Major brokerage lines up IPO It stands to be the highest-profile housing IPO to come during a pandemic home rush that's been stoked by record-low mortgage rates APRA may have to step in to cool housing Leading economist believes RBA has growing worry about prices Realtor receives warning over money laundering It is the first formal warning issued to a realtor under the legislation

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