Market Update

• Supply issues continue to hit US home sales despite lower rates by Steve Randall

  Contract signings subdued by lack of supply, led by the West

• National Bank claims a first among North American banks by Steve Randall

  Canadian lender becomes first to sign up to UN pledge

• Most people agree that mortgages are 'good debt' says MPC by Steve Randall

  Survey also reveals the stress of the stress tests facing homebuyers

• National Bank boosts profits, mortgage lending gains by Steve Randall

  Personal lending overall was up 4% in the third quarter of 2019

• Canadian mortgage rates are high by international standards by Steve Randall

  Many countries have rates below 1% as central banks slash overnight rates

• New affordable home options for Capital Regional District by Steve Randall

  BC town to get 150 new housing units in mixed-income project

• These economists think the BoC will cut rates next week by Steve Randall

  But they are in the minority according to a new survey

• First-time homebuyers can apply for incentive program in 5 days by Steve Randall

  Federal government’s First-Home Buyer Incentive launches on September 2

• Homeowners, businesses count the cost of Edmonton hailstorm by Steve Randall

  Total insured damages of $90 million, IBC calls for greater action

• US home prices continue to slow but there could be a change ahead by Steve Randall

  Lower mortgage rates could start to drive increased demand and prices