Why Hasn’t the Much-Feared “Mortgage Deferral Cliff” Happened?
byIn May, the CMHC forecast up to an 18% drop in average house prices within 12 months.
In May, the CMHC forecast up to an 18% drop in average house prices within 12 months.
As long as they meet certain specifications.
The Government of Canada just announced.
“People are dying to spend and guess what, they’ve got the cash.”
The interest rate will be kept at this level until its inflation objective is achieved.
While Toronto is forecast to see a decline of 3%.
Will there be a new COVID tax?
Some of your rent, mortgage, and hydro could be written off.
TD believes the changes will “disproportionately” impact first-time homebuyers.
Representing roughly 15% of the number of mortgages in Canadian bank portfolios.