Canadian spending, Recession fears, Housing market, Province changes, More

What's plaguing Canadians?

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24 November 2022

Top news What's plaguing Canadians? New survey sheds light How many Canadians are bracing for a recession? Recession fears are revealed Extra wiggle room with 35-year amortization With interest rates on the rise, affordability is a big concern for borrowers. In this scenario, the borrower needed to pay off some debt. Our expert BDM worked with the mortgage broker to help lower their client's monthly payments and free up some ratio room. The solution? Refinancing on a 1-year term at 6.19% with a 35-year amortization. Now, the client has an extra $800 monthly to pay off debt. Deal done. Bridgewater Bank 5-Star Mortgage Employers 2023: Entries now open Canadian Mortgage Professional is searching for the industry's best workplaces A roll of the dice can yield extraordinary returns, exec says "There's a tremendous learning opportunity when you're willing to kind of take a risk and put yourself out there" How has Canadian housing market activity fared since 2021? New TD Economics analysis highlights trends Province introduces new eligibility criteria for home down payment program Broader criteria aimed at helping more people get into ownership International news Homepoint cuts 100 more jobs in four states Industry layoffs have fueled huge influx into the wholesale channel What impact are current market conditions having on first-time buyers? "Buyers have to consider the market has endured a low interest rate period for the last 15 years" Online broker hit by system outage Crash stymies deals in progress New Zealand falls to 14th most traded currency Despite this, Kiwi currency still punches above its weight

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