Bank of Canada warns home buyers rates will eventually rise

Bank of Canada warns home buyers rates will eventually rise

Bank of Canada Governor Tiff Macklem said recent gains in home prices aren’t sustainable and warned households against taking on too much mortgage debt because interest rates will eventually rise.In an opening statement at a press conference to discuss financial stability, Macklem said some households have taken on “significantly” more debt, with...

WeWork chairman says demand exceeds pre-pandemic levels

WeWork, the office-rental company most closely associated with entrepreneurial excess, has seen demand bounce back in the aftermath of the COVID-19 pandemic, and inquiries from potential customers exceed what they were before nationwide lockdowns, its executive chairman said.“The demand for WeWork space today is higher than it was prior to the pandemic,” said...

Real estate frenzy to crest in 2021, CMHC says

Real estate frenzy to crest in 2021, CMHC says

Activity in Canada’s residential real estate market will moderate from the “unsustainable” levels seen so far this year, though sales will remain at an elevated pace and prices will continue to climb for years to come, according to the latest forecast from the national housing agency.The number of homes to...

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