Canada’s most expensive housing markets saw their first increase in average asking rents in nearly three years, while rents across Canada continue to fall, new report shows.
Bank of Canada Governor Tiff Macklem warned that U.S. borrowing is on an unsustainable trajectory as he offered an unusually blunt assessment of American tax and spending policy, which is putting pressure on global bond yields.
A new report says Ontario’s housing market is expected to improve “modestly” next year as favourable economic conditions help push buyers off the sidelines, though higher borrowing costs could dull the extent of the rebound.
More economists and traders expect the Bank of Canada to hike interest rates next week after the central bank’s latest surveys showed inflation expectations rising.
Persistently high long-term bond yields are shaping up as the deciding variable for Canada’s commercial mortgage market, with a new report warning that capitalization rates may struggle to hold if borrowing costs stay elevated into 2027.
The International Monetary Fund (IMF) warned on October 13 that a sharper rise in government bond yields ranks among the most plausible near-term threats to global financial stability, a risk Canadian mortgage borrowers are already absorbing at renewal.
Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) home sales.
Ontario and Alberta recorded the highest mortgage application fraud rates in Q2 as Equifax warned lenders to account for regional differences in financial stress.
Rising bond yields are pushing fixed rates higher, but experts are divided on whether Bank of Canada hikes will erode the savings offered by variable mortgages.