Further budget reaction, Scotiabank’s Holt blasts spending plans, Spring housing market outlook, BoC monitoring global trends, Purchasing power, More

Federal budget: Will it provide any relief for Canadian homeowners and buyers?

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30 March 2023

Top news Federal budget: Will it provide any relief for Canadian homeowners and buyers? The announcement contained protections for mortgage holders and updates on the tax-free first-home savings account Scotiabank's Holt blasts federal spending plans Economist describes "divisive" budget as "an assault on relatively wealthy folks" Help your clients improve their monthly cash flow with a 35-year amortization! A 35-year amortization option with Haventree Bank will help your clients save money and improve their monthly cash flow with a reduced mortgage payment. Learn more! Haventree Bank Helping your clients provide a tax-free gift to their children with the CHIP Reverse Mortgage Here's how brokers can help parents give their children a leg-up in today's economic climate Spring housing market to see sluggish start: RBC Higher interest rates are likely to continue offsetting the effect of lower home prices BoC closely monitoring signs of domestic volatility in 'uncertain times' Central bank vows to remain "nimble" in response to sudden economic shifts How is Canadian purchasing power shaping up this year? Consumer spending continues to take cues from the labour market, TD says The difference motivated mortgage professionals can make "Our people really stepped up and they continue to put the needs of our borrowers and our brokers first" International news How much could property prices fall in 2023? "A 10% decline in prices would move property back to May 2021 levels" Dispelling rumors and myths amid economic uncertainty While others wait for turmoil, one man arms himself with data Employment confidence up in March, but passed "peak overheating" This in contrast to the plunge in consumer confidence in recent surveys Inflation eases in February Housing among the biggest contributors to inflation

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