BoC housing crash, Lumber prices, Mortgage payments, Canada housing affordability, More

Are Bank of Canada rate increases risking a housing crash?

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10 June 2022

Top news Are Bank of Canada rate increases risking a housing crash? Rising rates pose a "clear and present danger to the teetering housing market," economist says "People will always remember how you made them feel – this is my business card" Community Trust's Camelia Brisca on what it takes to help drive the success of the mortgage advisory team. Canada housing affordability is at its worst in a generation Some areas will require households to stockpile for 350 months just to afford down payment Lumber prices take 50% plunge It's a quick turn of events from the recent boom in house construction Monthly mortgage payments could shoot up by 45% - BoC Significant price correction will be mostly felt among new homeowners Survey finds majority of young homeowners' income goes to mortgage Why are young homeowners keen on maintaining this arrangement? International news Two mortgage lenders announce merger CEO reveals what's behind the deal… PM unveils new proposals – industry reacts Experts widely slam Johnson's plans, claiming they're unworkable Brokers pivotal to portal success, says bank Features designed to streamline processes NZ property buyers – why the numbers are dwindling Fewer people attending auctions, open homes, says survey

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