Economists: CERB might galvanize younger home buyers

Down Payment & Buying DAZADA DIAMOND 4 Aug

Economists: CERB might galvanize younger home buyers The Canada Emergency Response Benefit might be a potent stimulant of activity involving the next generation of home buyers, if the results of a new market study are any indication. According to Fraser Institute economists Jason Clemens, Milagros Palacios, and Nathaniel Li, around 400,000 Canadians in the 18-24 […]

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Insolvency levels being kept in check by home prices, aid programs – Bank of Canada

Banks & Bank of Canada DAZADA DIAMOND 28 Jul

Insolvency levels being kept in check by home prices, aid programs – Bank of Canada Canadian home prices are seeing considerable recovery recently, becoming a significant factor in keeping households liquid amid the COVID-19 pandemic, according to the Bank of Canada. Slowing insolvency growth has been driven by government and industry initiatives such as financial […]

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Financial Stress Index finds Canadians more worried about money than relationships, work, health

Latest News & Economy DAZADA DIAMOND 27 Jul

Financial Stress Index finds Canadians more worried about money than relationships, work, health A recent survey by financial planning firm FP Canada has found that stress related to money outweighs worries around relationships, work and health for Canadians. That won’t come as a surprise to mortgage brokers, but the firm’s most recent Financial Stress Index […]

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Skyrocketing inflation in June: A sign of economic recovery?

Latest News & Economy DAZADA DIAMOND 24 Jul

Skyrocketing inflation in June: A sign of economic recovery? Latest figures from Statistics Canada indicated that Canada’s annual inflation rate in June saw a near-decade-high increase to 0.7% from a 0.4% decline in May, in the wake of late-spring reopenings nationwide. The consensus of economists surveyed by Reuters was that the increase pointed to an […]

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StatCan’s New Housing Price Index points to resiliency, new engines in Canadian market

Latest News & Economy DAZADA DIAMOND 23 Jul

StatCan’s New Housing Price Index points to resiliency, new engines in Canadian market Yesterday, Statistics Canada released its New Housing Price Index for June of 2020. The highly awaited release noted both a slight increase in new home prices nationwide and a potential sea change in the geography of Canadian housing demand. Nationwide, StatCan found […]

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BlackNorth Initiative Summit

Latest News & Economy DAZADA DIAMOND 21 Jul

The BlackNorth Initiative Summit Launches With Commitments From Over 200 Organizations Representing Over $1 Trillion in Market Cap; Over 3000 People in Attendance Initiative provides a strong voice for Blacks in Canada and the power to combat anti-Black systemic racism. TORONTO — The Canadian Council of Business Leaders Against Anti-Black Systemic Racism today announced the […]

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Lower Immigration to be a Drag on Housing for Years, Says TD

Latest News & Economy DAZADA DIAMOND 17 Jul

Lower Immigration to be a Drag on Housing for Years, Says TD A drop in immigration levels will have “lasting impacts on ownership housing” in Canada for years to come, according to a research report from TD Economics. TD economist Rishi Sondhi wrote that the resulting significant slowdown in the country’s population growth explains one-third […]

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