Jessi Sandhu - Your Brampton Real Estate Agent
Canadian Economy and Housing Market News and Articles | My Blog
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Canada's economy ready to 'take off like a rocket': CIBC's Tal

12/3/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Canada's pandemic-weary economy is poised to "take off like a rocket" in the latter part of 2021, says CIBC World Markets deputy chief economist Benjamin Tal. His ... More


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Housing market slowdown looming amid economic malaise

11/9/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Optimism towards the Canadian housing sector’s prospects has been mounting, but the market should not count out the impact of the lingering economic lethargy brought ... More


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Is the CMHC's forecast of a major price drop this year still relevant?

10/22/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Some economists polled by Finder expressed scepticism towards the Crown corporation's market outlook

... More


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Immigration to Canada Drops 64%, Threatening Economic Growth

8/18/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Canadian immigration plummeted by almost two thirds in the second quarter as border restrictions remained in effect.

... More


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Property prices in Canada outstripped rest of G7 over the last 15 years - analysis

8/18/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

The rate of residential investment to Canadian GDP has also swelled dramatically

... More


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CMHC head pleads with Canadian banks to avoid risky mortgages

8/12/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

The head of Canada’s housing authority implored the nation’s lenders to “reconsider” offering mortgages to highly leveraged households, saying excessive ... More


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Housing starts stay strong, but 'confusing' fall ahead: CIBC

7/14/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

While Canadian housing starts have gained momentum and are on pace for more than 200,000 this year, CIBC World Markets managing director and deputy chief economist Benjamin Tal ... More


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Stress Test Rate to Drop

5/16/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.

... More


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Defying COVID-19 pressures, average prices might climb

5/8/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

The housing market can expect some recovery towards the end of the year according to Altus Group.

... More


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Forced selling may be headed for Canada's housing market

5/2/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

A sharp rise in joblessness, combined with the bust-out of the short-term rental market, will send Canadian house prices down in the short term, some market experts are ... More


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Canada braces for higher mortgage defaults

4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

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 Jessi Sandhu

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 Jessi Sandhu

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

... More


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Government announces new mortgage buying program

3/17/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

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 Jessi Sandhu

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

... More


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Canadians' wealth reduced as real estate gains are erased

9/19/2019 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

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

... More


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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 Jessi Sandhu

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

... More


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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 Jessi Sandhu

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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