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Paul DeAdder | Real Estate Sales Representative Serving 
Halifax & Surrounding Area | Sutton City Realty Inc., Brokerage

canadian economy and housing market News and Articles | My Blog

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"We don't see vulnerabilities worsening," OSFI says as it leaves capital buffer for big banks unchanged

12/8/2023 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Canada’s banking regulator today announced no change to the amount of capital banks must keep on hand to cover potential future losses.

... More


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Will the Bank of Canada diverge from the US Fed on rate cuts?

12/4/2023 | Posted in Canadian Economy and Housing Market by Paul DeAdder

US 'drives the bus' on long-term interest rates – but BoC likely to push ahead with cuts, suggests economist

... More


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Canada braces for higher mortgage defaults

4/21/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More


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Canada's big banks field more than 200,000 mortgage deferral requests

3/28/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and ... More


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Canadian consumer confidence takes unprecedented slump

3/19/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder

A measure of Canada’s consumer confidence has reported its biggest drop ever amid the COVID-19 pandemic.

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Government announces new mortgage buying program

3/17/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder

The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system.

... More


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Real estate, construction helps boost Canadian economy

2/3/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Economy nudged higher in the latest monthly stats, helped in part by the real estate and construction industries.

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Canadians' wealth reduced as real estate gains are erased

9/19/2019 | Posted in Canadian Economy and Housing Market by Paul DeAdder

The average Canadian household was worth less in 2018 than in the previous year.

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5 ways the U.S. Fed's rate cut affects Canadians

8/2/2019 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Here’s a look at how lower rates south of the border could ripple through our country, according to five experts.

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IMF urges Canada not to change policy despite calls to ease mortgage stress test

5/22/2019 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary ... More


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Canadian Housing Market This Bad Normally Means Recession: BMO

3/10/2019 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Residential investment is falling, and that's a clear sign of hard times in Canada's economy, the Bank of Montreal says.

... More


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4 Things That Will (And Won't) Happen In Canada's Housing Market In 2019

1/2/2019 | Posted in Canadian Economy and Housing Market by Paul DeAdder

As we head towards 2019 with a weakened Toronto housing market and a Vancouver market in free fall, many sense this may be the year the house prices will go ... More


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High debt levels, rising interest rates among challenges for 2019

12/19/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Canada’s economy will slow down in 2019 with consumer spending impacted by weaker employment, cooling house prices, high levels of debt, and rising interest rates.

... More


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CIBC economists question BoC's view of housing market

12/18/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder

The slowdown in Canada’s housing market is likely to weigh on the economy according to a new report from CIBC Economics.

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CMHC issues warning

12/17/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder

The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average.

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Canadian Household Debt Growth Slows Down

12/7/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Rising interest rates and new mortgage rules have finally forced an end to years of rapid lending, according to the latest data from Bank of Canada.

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Bank of Canada wants rates back to normal - what that means for your mortgage, line of credit

11/2/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder

The benchmark rate set by the central bank is called the overnight rate and it’s now at 1.75 per cent, up from 0.5 per cent in the summer of 2017.

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The number of Canadian millionaires will jump by more than half in the next five years

10/22/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder

By 2023, the number of millionaires in Canada is expected to rise 54% to nearly 2 million people

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Canada on precipice of "household led recession"

10/2/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder

Canada’s economy faces a major risk through the next three years from how debt-laden consumers cope with higher interest rates, according to economists from three of the ... More


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