Early warning signals have been flashing red since last November. Will it be a hard or soft landing? What can you do to protect yourself?
All in Rates
Early warning signals have been flashing red since last November. Will it be a hard or soft landing? What can you do to protect yourself?
The government has proposed changes to mortgage rules that could create moral hazard. This means that borrowers may be more likely to take on more debt, knowing that they will be able to get out of their payments if they run into trouble. This would be an injustice to financially prudent Canadians who rent or did not overextend themselves.
The Rising Cost of Borrowing: What You Need to Know About Interest Rates in 2023 and 2024
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.
With so many market headwinds, the risk that this is a pause in the correction is higher.
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.