Canada Is Falling Behind Due To Lack of Productivity Crisis: Bank of Canada
Better Dwelling Blog
by Stephen Punwasi
2d ago
One of Canada’s top bankers is concerned about a new crisis—a lack of productivity. In a speech delivered in Halifax this morning, Bank of Canada (BoC) Senior Deputy Governor Carolyn Rogers took aim at the country’s stagnating productivity. She warned the issue has caused Canada to fall behind and become less competitive than its economic […] The post Canada Is Falling Behind Due To Lack of Productivity Crisis: Bank of Canada appeared first on Better Dwelling ..read more
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Canadian Bank Regulator To Limit Mortgage Leverage Ahead of Rate Cuts
Better Dwelling Blog
by Tiffany Greene
3d ago
Canada’s bank regulator is getting ahead of any rate cuts with new limits on leverage. The Office of the Superintendent of Financial Institutions (OSFI) has notified lenders to prepare for a new loan to income (LTI) rule. The new rule will limit federally regulated financial institutions (FRFIs) mortgage portfolios to a multiple of the income […] The post Canadian Bank Regulator To Limit Mortgage Leverage Ahead of Rate Cuts appeared first on Better Dwelling ..read more
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This Week’s Top Stories: Canada Spends 75% of Its Deficit To Prop Up Mortgages & Cuts Immigration
Better Dwelling Blog
by Better Dwelling
4d ago
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages The Government of Canada (GoC) plans to spend a whopping $30 billion to support its mortgage market this year. March marked the second month of its buying spree, spending roughly […] The post This Week’s Top Stories: Canada Spends 75% of Its Deficit To Prop Up Mortgages & Cuts Immigration appeared first on Better Dwelling ..read more
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Canada To Cut Temporary Resident Target 20% After More Than Doubling
Better Dwelling Blog
by Daniel Wong
6d ago
Canada’s explosive population growth went from a boasting point to liability in less than 3 years. The Government of Canada (GoC) announced on Thursday they will be implementing a limit for temporary residents in the coming years. This comes as the economic boom driven by immigration fades, leaving behind an oversupply of labor and undersupply […] The post Canada To Cut Temporary Resident Target 20% After More Than Doubling appeared first on Better Dwelling ..read more
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Canadian Credit Card Debt Climbed 3x The Rate of Mortgages
Better Dwelling Blog
by Daniel Wong
1w ago
Canadian households are cooling on their borrowing but the type of debt may be an important sign. Statistics Canada (Stat Can) data shows household credit climbed at one of the slowest rates in decades in January. The slowdown was primarily caused by slower mortgage debt growth, with credit card debt rising 3x faster.  Canadian Household […] The post Canadian Credit Card Debt Climbed 3x The Rate of Mortgages appeared first on Better Dwelling ..read more
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Canada Ranks 11th In OECD For Life Satisfaction…But Its Young Adults Disagree
Better Dwelling Blog
by Daniel Wong
1w ago
Canadians are generally satisfied with life— as long as they’re older. Statistics Canada (Stat Can) released its Life Satisfaction 2023 survey results. The country fell just short of breaking the OECD’s top ten, with the average person not quite satisfied. The biggest takeaway is the divergence by age—most seniors are satisfied with the country, while […] The post Canada Ranks 11th In OECD For Life Satisfaction…But Its Young Adults Disagree appeared first on Better Dwelling ..read more
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Canadian Inflation Cools As Demand Drops, Much Weaker Than US
Better Dwelling Blog
by Daniel Wong
1w ago
Canada’s population is surging but it isn’t producing much demand for goods and services. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) slowed in February. Weaker demand from households is allowing supplies to rise and taming price growth. The rapid deceleration has led to an unusually large gap compared to the US.  […] The post Canadian Inflation Cools As Demand Drops, Much Weaker Than US appeared first on Better Dwelling ..read more
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Canadian Home Sales Pulled Back, But Market Close To Bottom: BMO
Better Dwelling Blog
by Daniel Wong
1w ago
Canadian real estate sales are getting weaker and inventory is rising, but don’t let that get in the way of a solid narrative. Canadian Real Estate Association (CREA) data shows existing home sales fell in February. The same day also shows new listings climbing, essentially producing fundamentals that indicate a weaker market. That didn’t have […] The post Canadian Home Sales Pulled Back, But Market Close To Bottom: BMO appeared first on Better Dwelling ..read more
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Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages
Better Dwelling Blog
by Stephen Punwasi
1w ago
If you’ve ever thought that using a payday loan to pay off a credit card was a good idea, you’re about to be all kinds of impressed. The Government of Canada (GoC) has begun buying billions in Canada Mortgage Bonds (CMBs), in a last ditch effort to stimulate more borrowing. The planned purchases are equivalent […] The post Canada Is Spending 75% of Its Forecast Deficit To Prop Up Mortgages appeared first on Better Dwelling ..read more
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This Week’s Top Stories: Canada Approaching A Lost Decade, Mounties Consider Renters A Threat
Better Dwelling Blog
by Better Dwelling
1w ago
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Wealth Driven By Housing, Outpaced Income Up To 13x: RBC Canadian wealth is driven by housing and it’s creating a wealth gap that may be permanent. An analysis from RBC shows nearly half of household wealth has been driven by housing—almost […] The post This Week’s Top Stories: Canada Approaching A Lost Decade, Mounties Consider Renters A Threat appeared first on Better Dwelling ..read more
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