SVB impact on Canada, Debt-to-income declines, Rent rates grow again, Edmonton’s industrial boom, Fed hike still likely, More

As US banking turmoil rumbles on, what could it mean for Canada?

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15 March 2023

Top news As US banking turmoil rumbles on, what could it mean for Canada? Are mortgage rates set to tumble? BMO reports slight decline in household debt-to-income ratio The BoC's rate increases have led to a significant deceleration in mortgage loan growth Don't let ratios get your clients down In this scenario, Bridgewater Bank's new extended debt ratios helped a client refinance their home, reducing monthly payments and allowing them to pay off debt and renovate. See how! Bridgewater Bank SVB collapse: Experts weigh in on risks to Canadian banks State-chartered bank's failure was the largest in the US since the 2008 financial crisis What's the latest in Canadian rent rates? New report highlights increasing prices in the rental market Avison Young: Edmonton industrial market comes to the fore The market has seen burgeoning activity in recent times Fed rate increase still likely despite market chaos Significant divergence from the Bank of Canada approach could have a big impact on the loonie International news Will a housing crash occur in 2023? Expert believes deal approvals have reached their trough Mortgage rates fall in wake of bank failures Self-described 'mortgage mentor' explains why rates fell only slightly Investors rush to offload property as rates rise More than 5,000 investment properties were listed for sale over the last three months Housing activity remains slow, stock levels lift to normal – REINZ This amidst ongoing economic headwinds and the impact of Cyclone Gabrielle CMPTV Broker Think Tank – How to Scale to the Next Level Learn how to scale your business over time

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