Discover how inflation gradually erodes the value of debt principal, impacting borrowers and lenders. Learn why the purchasing power of money decreases over time and how inflation affects the repayment dynamics.
All in Mortgages
Discover how inflation gradually erodes the value of debt principal, impacting borrowers and lenders. Learn why the purchasing power of money decreases over time and how inflation affects the repayment dynamics.
If you're considering buying a home, it's important to factor in the rising cost of borrowing. Even a small difference in interest rate can greatly impact your monthly payments.
A recession is likely and Canada is too indebted to splash on government bailouts this time.
Canada's housing market is in a period of declining house prices due do painfully low affordability. According to Moody’s Analytics, Canada is only halfway through the housing correction.
Lower interest rates can make it easier for people to buy a home.
Don’t use quantitative easing (QE), to protect banks against their poor business decisions.
Mortgage delinquencies and defaults are terrible predictors of housing market corrections.
The Canadian economy is showing early signs of a recession in 2023. Headwinds from aggressive central bank interest rate hikes are gaining strength, and the housing market has already seen a sharp decline since spring.