Housing Shortage Pushes Prices to a Record High in January
Posted on Feb 16, 2022 in Housing Stats
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With housing inventory still at historic lows, home prices surged to a fresh record high in January.The average selling price in January reached $748,450, which is 1% higher from December and 21% higher compared to a year ago, according to data from the Canadian Real Estate Association (CREA).Compared to pre-pandemic lev...
Opinion: Rate Hikes Are About To Get Real
Posted on Feb 16, 2022 in Housing Stats
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On Thursday, one of the most-watched interest rates in the world, the U.S. 10-year yield, broke 2% for the first time since summer 2019. This is the market seeing the future — and realizing that the future likely entails more rate increases than it thought.Many things move Canadian mortgage rates, but few are more import...
