Election issues, Variable rates, Housing supply, Real estate investments, StatsCan, More

Housing supply issues dominate as election looms

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14 September 2021

Top news Housing supply issues dominate as election looms What's on the mind of mortgage professionals ahead of the September 20 election? The case for variable rates There are many reasons why a variable-rate mortgage might be the best option for your client, writes Leah Zlatkin Inflamed activity might overwhelm election pledges to address housing supply Campaign promises might not be effective in addressing the long-running affordability problem, market observers say Real estate investment surges amid Canada rebound Commercial properties surge Residential construction investment weakens Weakness in the single-family home sector was a significant drag Housing sector value surges by more than $500 billion The value of Canadians' homes and investments has increased significantly during the pandemic Debt-to-income, debt service ratios still below pre-pandemic levels This is despite total credit market debt reaching new heights during the second quarter, Statistics Canada says International news Top 10 metros with biggest rent increases However, mortgage payments are rising faster Blown-out lender turnaround times and lack of tech put property buyers in a precarious position Top 100 broker on how dinosaur bank processes are hindering clients Banks assess business confidence through lockdown "The full September survey will be an interesting comparison"

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