This advertisement has not loaded yet, but your article continues below.Home ownership affordability has really gotten more difficult, and now that’s pushing that pressure to the rental market“Home ownership affordability has really gotten more difficult, and now that’s pushing that pressure to the rental market,” CMHC chief economist Bob Dugan said in an interview.
The overall national turnover rate also declined, to 13.6 per cent in 2022 from 15.5 per cent in 2021.
Time to revisit modified rent control for condos.
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Rental markets tightened across Canada in 2022: CMHC - BNN BloombergCanada’s rental housing market tightened last year amid surging demand that outpaced supply, even as many large cities added units, a new report from the Canada Mortgage and Housing Corporation (CMHC) has found. LandlordRescue says rents are not going up in 2023 lol
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What the Bank of Canada's latest rate hike means for mortgage holdersCanadians who watched the cost of taking out a mortgage steadily increase over the last year were dealt another blow when the Bank of Canada upped its interest rate to 4.5 per cent Wednesday. That worse days are ahead, what else? It means people r going to lose they’re houses when they renew if they have a high mortgage, just like in the late 1980’s, so many power of sales, Thank Trudeau for nothing about economy, just give money away and raise taxes The biggest source of inflation in my household has been the increases in my monthly mortgage payments that are 100% a result of Bank of Canada rate hikes. The federal government is my 1 source/cause of inflation. Stop it! And where is all the extra interest collected going?
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Rising Bank of Canada interest rates force difficult mortgage payments on Saskatchewan homes | Globalnews.caThe central bank raised its policy rate to 4.5 per cent on Jan. 25, 2023, an increase of 25 basis points and the highest the Bank of Canada’s key rate has been since 2007.
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