Tag: Interest rates
ANALYSIS: Why mortgage changes won’t loosen London’s tight rental market
The federal government’s move to allow first-time homebuyers to extend mortgages to 30 years is unlikely to filter down much relief for London renters fighting a tight vacancy rate and rising prices, industry watchers say.
From guns to IVF, Trump and Harris blur party lines in campaign home stretch | Bridge Michigan
As election nears, Harris talks up gun ownership and tough border security while Trump vows to cap credit card interest rates and force insurance companies to cover in vitro fertilization….
London area housing starts triple in August, third best in province
The number of housing starts in the London area more than tripled in August compared to the same month last year, an indication economic conditions are on the upswing, both the mayor and an organization representing builders say. Construction began last month on 470 units in the London census metropolitan area (CMA), which includes St. […]
Snaith: Will new mortgage rules help more young Canadians buy homes?
Stuart Snaith, University of Victoria In a bid to address Canadaâs housing crisis, Deputy Prime Minister and Finance Minister Chrystia Freeland announced new changes to mortgage rules on Sept. 16, set to take effect in December, aimed at making housing more affordable. The first major change is an increase in the price cap for insured […]
London mortgage delinquencies double, more headwinds loom
The number of Londoners behind on their mortgage payments has doubled in the the past two years, as the burden of higher interest rates overwhelms some homeowners.
Ontario food bank usage hits grim milestone
New figures show more than one million Ontarians visited a food bank in the past year, amid record demand some say can’t be sustained.
London-area loses 3,600 jobs, capping difficult summer for workers
The London region shed about 3,600 jobs in August, marking the third consecutive month of job losses locally, the latest labour market snapshot shows. In total, the region has lost 7,300 positions since June, Statistics Canada reported Friday, capping what has been a difficult summer for job seekers across the country. Despite Augustâs employment decline, […]
London-area home sales slump in August, despite interest rate cuts
In whatâs shaping up as one of the London region’s slowest years for home sales, the local market saw one of its worst Augusts in recent history
ANALYSIS: Interest rate cuts not expected to boost London home prices
If you were counting on interest rate cuts leading to a jump in home prices before putting your property up for sale, you may be in for a decent wait.
‘Precarious’ gigwork grows as portion of London job offerings, alarming expert
The number of so-called gig economy jobs in London is on the rise, accounting for almost one in five new job postings, figures compiled by an area workforce development agency show.