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Mortgage rates

Cost of buying a home in America reaches a new high, Redfin says

by Ron Morgan
Cost of buying a home in America reaches a new high, Redfin says

Buying a house is costlier than anytime in at least the last decade, with property buyers hit with the double whammy of rising mortgage rates and home prices, according to …

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Low-Rate Mortgages Form ‘Golden Handcuffs’ Around Homeowners

by Anas Siddiqui
Low-Rate Mortgages Form ‘Golden Handcuffs’ Around Homeowners

The silver tsunami, or the expected increase of homes on the market as baby boomers downsize, could be slowed by golden handcuffs. The New York Times reported on Monday that …

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Australia’s central bank warns of another tough year for borrowers, businesses

by Walter Watson
Australia’s central bank warns of another tough year for borrowers, businesses

The Australian Flag is seen on June 25, 2017 in Melbourne, Australia. Darrian Traynor | Stringer | Getty Images Australia’s central bank expects another tough year for households and businesses, signaling little rate relief in months ahead, but …

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Shanghai housing market’s downwards trend to continue amid low demand and expectations of further price declines, brokers say

by Anas Siddiqui
Shanghai housing market’s downwards trend to continue amid low demand and expectations of further price declines, brokers say

According to real estate information provider Fang.com, only 1,469 new homes found buyers in February, which were sold at an average price of 65,920 yuan (US$9,167) per square metre, down …

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China’s home prices fall at a slower pace as Beijing steps in to resuscitate property sector

by Anas Siddiqui
China’s home prices fall at a slower pace as Beijing steps in to resuscitate property sector

Fewer cities saw price erosion last month. New home prices declined in 56 cities, six fewer than December, while existing home prices fell in 68 cities versus all 70 the …

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January home sales jump 22 per cent from last year’s weak start

by Anas Siddiqui
January home sales jump 22 per cent from last year’s weak start

January home sales jumped 22 per cent compared with a year ago, the largest year-over-year increase since May 2021, according to The Canadian Real Estate Association. The association says the …

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How Laguna Beach, California, is helping residents age in place

by Walter Watson
How Laguna Beach, California, is helping residents age in place

Laguna Beach, California Luciano Lejtman | Moment | Getty Images When most people think of Laguna Beach, California, they think of its scenic coves and beaches. But the small coastal …

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What does 2024 have in store for the Canadian economy?

by Anas Siddiqui
What does 2024 have in store for the Canadian economy?

It’s been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing …

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Some mortgage rates are dropping, but renewed loans could keep economy slow

by Anas Siddiqui
Some mortgage rates are dropping, but renewed loans could keep economy slow

As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers can expect a late Christmas present with lower rates on …

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Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

by Anas Siddiqui
Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years

Nikkie Miranda feels stuck and frustrated, weighing what she’ll have to sacrifice when her rent increases again this winter. Three years ago, when she moved into a two-storey, three-bedroom semi-detached …

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