Why Canadian banks are working with buyers to lower payments by extending amortization periods and more.
A lot has changed in just one month.
Two major banks have failed, bond markets are expecting interest rates to drop this year and the federal government is helping to save the housing market.
To help us understand what is happening, I'm happy to welcome Robert Kavcic, Senior Economist and Director Economics at Bank of Montreal, specializing in analyzing real estate trends.
We talk about bank failures, the current macro environment & how the banks handling of rapidly rising interest rates for their borrowers will impact the housing market.
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John Pasalis is President of Realosophy Realty. A specialist in real estate data analysis, John’s research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been utilized by the Bank of Canada, the Canadian Mortgage and Housing Corporation (CMHC) and the International Monetary Fund (IMF).