The median net worth of Canadian families was $295,100 in 2016, a jump of nearly 15 per cent from four years ago and almost double the 1999 level.
The Bank of Canada appears cautiously optimistic that new mortgage rules can successfully take risks out of the housing market and financial system, but it won’t happen overnight.
Almost half of new, young homeowners put down less than 20 per cent down on their homes, something that could make them vulnerable to economic shocks down the line.
There’s no question that demand in the Calgary housing market eased following the collapse of oil prices in late 2014.
November’s housing market was spurred by a rise in sales, particularly in the lower price ranges. Watch CREB® president David P. Brown as he recaps the key influencers that shaped the market in [...]
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