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Stories that affect your wallet
- EconomyMortgage impact
Bank of Canada holds rates at 2.25% as Iran war risks future hikes
A hold provides temporary relief, but the threat of future hikes means variable-rate borrowers could face higher payments later.
Global News - EconomySavings impact
Canadian savings deteriorate as spending outpaces income: report
A significant portion of Canadians are experiencing a decline in their savings and an increase in debt, making them more vulnerable to economic shocks like rising interest rates or asset value depreciation.
Financial Post Economy - EconomyMortgage impact
Bank of Canada Holds Key Interest Rate at 2.5% Amid Cooling Inflation
Variable mortgage rates stay put, giving buyers a clearer picture but little relief on affordability.
CBC News - HousingMortgage impact
These are the 15 most affordable cities in Canada, Royal LePage says
Provides a guide to potentially more affordable markets, helping buyers identify regions where homeownership might be attainable despite broader economic pressures.
Global News - HousingMortgage impact
Why the Iran war is making mortgage renewal feel like a ‘roller-coaster’
Increased interest rates on renewed mortgages can significantly raise monthly payments, impacting household budgets.
Global News - HousingMortgage impact
Canadian real estate market entering a ‘transition period,’ says CREA
A transition period could mean a shift away from rapid price appreciation or depreciation towards more moderate, sustainable growth or stability, impacting buyer and seller confidence.
Global News
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