- Analytics
- News and Tools
- Market News
- Canada: Housing market is back – NBF
Canada: Housing market is back – NBF
NFXStreet reports that economists at the National Bank of Canada Financial markets summarize the situation of the Canadian housing market which has recovered since a year ago. USD/CAD is dealt at 1.325.
“If you hadn’t noticed, Canada’s housing market is back. It’s amazing what a difference a year (or two) can make; as at December 2019, nation-wide resales had skied 22% above year-ago levels.”
“So while growth in consumer credit has downshifted sharply, a reinvigorated housing market has keyed a turnaround in mortgage credit growth. Particularly noteworthy has been the reported pick-up at Canada’s chartered banks, where B-20 regs had earlier produced a deeper chill.”
“To summarize then, Canada is seeing a meaningful increase in mortgage lending, with almost all of it fixed-rate in nature. Those familiar with this subject matter understand that timing is important; few things in life are seemingly as seasonal as Canadian housing activity.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
