Home sales plummet, Hardest-hit markets, Clients and rate hikes, Specialized lending outlook, Housing affordability, More

No 'one-size-fits-all' solution for mortgage clients, says VP

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19 September 2022

Top news No 'one-size-fits-all' solution for mortgage clients, says VP A growing number of Canadians are weighing up their financial options amid more rate jumps The outlook for specialized lending in a turbulent mortgage market Find out how Community Trust utilises HELOCs and longer amortization options Outstanding income taxes paid thanks to refi There is more to the file than just high ratios and owing income taxes. In this case, Bridgewater Bank's expert BDM worked with the broker to understand their self-employed client's story. Strong income and the central location made it an easy refinance at a great rate. The client paid off outstanding taxes with the equity and is now in a great financial stage! Bridgewater Bank How does the affordability of a home affect the housing market? Home prices need to fall a lot further to help would-be homebuyers enter the market Home sales plunge by 32% since March rate hikes House prices also took a deep dive since their February peak Which Canadian cities are seeing home prices fall the fastest? "It's abundantly clear where the worst spots are," says BMO economist Political party unveils plans to increase housing density If elected, the party is hopeful to bring housing reform within 90 days of taking office Advocates call to license Halifax landlords to ensure tenant safety It will require landlords to have their rental units inspected on an annual basis International news New Zealand property price freefall continues Over 80% of suburbs affected, says CoreLogic Long-term mortgage rate hits new high ahead of Fed meeting Mortgage market braces for another possible interest rate rise First-home buyer demand craters – CoreLogic Meanwhile, demand among those who aren't buying their first home has remained fairly resilient What the mini-budget could mean for Brits facing the cost-of-living crisis Financial experts discuss how it risks leaving people worse off

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