Tag: housing market
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What Happened Monday: Mortgage Rates Stagnate as Markets Weigh Inflation Signals
What happened Monday: A snapshot of mortgage rates and market signals If you’re in the middle of a home purchase, refinancing, or just keeping an eye on the market, Monday brought a familiar refrain: mortgage rates remained steady. While there was chatter about inflation, labor market data, and regional housing trends, the big headline for…
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Halifax landlord sees rent market returning to historical norms as vacancies tighten
Halifax landlord group reports a shift back to historical rental norms A prominent Halifax-based landlord with a substantial national footprint says the rental market is drifting back toward the historical norms that many tenants and observers have long understood. Killam Apartment REIT, which owns thousands of apartments across Canada, disclosed early indicators that rent increases,…
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What happened Wednesday: Key mortgage rate changes and market impact
What happened Wednesday in the mortgage market Here’s a concise update you can read before you head out or shut down for the evening: mortgage rates moved in notable ways on Wednesday as lenders adjusted to new data and policy signals. In particular, FMT announced a cut to its minimum mortgage lending rates, a move…
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What Happened Wednesday: Key Mortgage Rate Moves and Market Signals
What happened Wednesday: A quick snapshot Wednesday delivered a notable shift in the housing and mortgage markets. A prominent lender, FMT, cut its minimum mortgage lending rates, signaling a broader push to make home loans more affordable in a time of shifting interest-rate expectations. For homebuyers, homeowners reconsidering refi options, and real estate watchers, the…
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What Happened Wednesday: Mortgage Rates Dip After FMT Cuts Minimum Lending Rates
Overview Here’s what you need to know before you clock out today: Mortgage rates moved lower on Wednesday after FMT announced a cut to its minimum mortgage lending rates. The move could affect monthly payments for new borrowers and those looking to refinance. If you’re in the market for a home or evaluating your current…
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Canada housing market recovery; buyers remain cautious
Canada’s Housing Market Edges Toward Recovery Canada’s housing market is showing early signs of recovery after a slow spring, with October data suggesting buyers are re-entering the market, albeit conservatively. Real estate figures released this week point to higher sales in October compared with September, hinting that demand is stabilizing as mortgage conditions ease slightly…
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Canadian Home Sales Rise as Rate Cuts Draw More Buyers
Canada’s Housing Market Gets a Lift as Rates Drop Canadian home sales have shown resilience, climbing for six of the past seven months as declines in borrowing costs entice buyers off the sidelines. In October, national activity rose 0.9% from September, signaling a cautious recovery in a market that has been sensitive to interest-rate movements…
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New Zealand’s October housing market stabilises, REINZ reports
Market stabilisation signals a steady spring for NZ homes The housing market in New Zealand appears to have started the summer on a steadier footing, according to the Real Estate Institute of New Zealand (REINZ). In October, around 7,505 residential property sales were recorded across the country, marking a meaningful pickup from September as buyers…
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Britain’s biggest housebuilder urges government to back first-time buyers
Industry calls grow louder as market cools Britain’s housing market has slowed in recent months, and the leadership of one of the country’s largest housebuilders has stepped forward with a pointed request. Jennie Daly, chief executive of the developer, said the government must implement renewed support for first-time buyers to shore up demand and stabilise…
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Britain’s Biggest Housebuilder Urges Government to Back First-Time Buyers
Context: A Cooling Market in a Shadow of the Budget The sale of new homes has cooled in Britain, a trend many industry leaders attribute to the looming budget and the broader economic climate. Jennie Daly, chief executive of one of the country’s largest housebuilders, says the sector needs targeted government support for first-time buyers…