National Bank of Canada Archives - Better Dwelling https://betterdwelling.com/tag/national-bank-of-canada/ Canada’s Fastest Growing Real Estate News Source Wed, 23 Aug 2023 15:03:32 +0000 en-US hourly 1 https://i0.wp.com/betterdwelling.com/wp-content/uploads/2016/07/cropped-better-dwelling-flower-logo.png?fit=32%2C32&ssl=1 National Bank of Canada Archives - Better Dwelling https://betterdwelling.com/tag/national-bank-of-canada/ 32 32 64691831 Canadian Mortgage Borrowers Have Rate Cut FOMO, Snub 5-Year Terms https://betterdwelling.com/canadian-mortgage-borrowers-have-rate-cut-fomo-snub-5-year-terms/ https://betterdwelling.com/canadian-mortgage-borrowers-have-rate-cut-fomo-snub-5-year-terms/#comments Wed, 23 Aug 2023 15:01:15 +0000 https://betterdwelling.com/?p=23853 Canadian mortgage borrowers won’t take on the risk of a variable rate mortgage, but they’re dreaming of rate cuts. Bank of Canada (BoC) data reveals a record share of mortgage originations had fixed interest terms in June. However, they aren’t opting for a longer, and traditionally more popular, 5-year fixed term. National Bank of Canada […]

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]]> https://betterdwelling.com/canadian-mortgage-borrowers-have-rate-cut-fomo-snub-5-year-terms/feed/ 4 23853 Toronto Real Estate Correction Hits Pause, Prices Jump $27k Higher https://betterdwelling.com/toronto-real-estate-correction-hits-pause-prices-jump-27k-higher/ https://betterdwelling.com/toronto-real-estate-correction-hits-pause-prices-jump-27k-higher/#comments Wed, 05 Apr 2023 16:42:36 +0000 https://betterdwelling.com/?p=23203 Are Greater Toronto real estate prices past the bottom? Toronto Regional Real Estate Board (TRREB) data shows the composite benchmark, or typical home, saw prices surge higher in March. Home sales remain weak despite the pop, and experts don’t see that changing in the near term. However, buyers in the market sent prices much higher […]

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]]> https://betterdwelling.com/toronto-real-estate-correction-hits-pause-prices-jump-27k-higher/feed/ 5 23203 Canada’s Real Estate Bubble Is Approaching The Largest In History https://betterdwelling.com/canadas-real-estate-bubble-is-approaching-the-largest-in-history/ https://betterdwelling.com/canadas-real-estate-bubble-is-approaching-the-largest-in-history/#comments Thu, 01 Dec 2022 13:53:04 +0000 https://betterdwelling.com/?p=22374 Canada’s real estate bubble has blown past the 90s bubble, and is going for the biggest of all time. National Bank (NBF) data shows affordability in Q3 2022 eroded to the worst level since the early 1980s. Just like the 80s bubble, they don’t expect this one to persist for much longer. Affordability is expected […]

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]]> https://betterdwelling.com/canadas-real-estate-bubble-is-approaching-the-largest-in-history/feed/ 15 22374 Canadian Real Estate Prices Are Falling Faster Than They Did In The Financial Crisis https://betterdwelling.com/canadian-real-estate-prices-are-falling-faster-than-they-did-in-the-financial-crisis/ https://betterdwelling.com/canadian-real-estate-prices-are-falling-faster-than-they-did-in-the-financial-crisis/#comments Thu, 20 Oct 2022 16:44:55 +0000 https://betterdwelling.com/?p=22125 Canadian real estate investors finding comfort in the fact home prices didn’t fall much during the Financial Crisis, might want to look away. Land registry giant Teranet released its House Price Index for September, and it shows a sharp drop in home prices. The index, made in partnership with National Bank of Canada (NBF) is […]

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]]> https://betterdwelling.com/canadian-real-estate-prices-are-falling-faster-than-they-did-in-the-financial-crisis/feed/ 17 22125 Canada’s Real Estate Bubble Is So Big Households Need 64% of Income For A Mortgage https://betterdwelling.com/canadas-real-estate-bubble-is-so-big-households-need-64-of-income-for-a-mortgage/ https://betterdwelling.com/canadas-real-estate-bubble-is-so-big-households-need-64-of-income-for-a-mortgage/#comments Thu, 18 Aug 2022 03:08:16 +0000 https://betterdwelling.com/?p=21681 Most of Canada couldn’t buy a home even if they wanted to. National Bank of Canada (NBF) is once again sounding the alarm on housing affordability. A typical home required nearly two-thirds of a household’s income just to service the mortgage payments in Q2 2022. The quarter saw the fastest erosion of affordability in 40 […]

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]]> https://betterdwelling.com/canadas-real-estate-bubble-is-so-big-households-need-64-of-income-for-a-mortgage/feed/ 8 21681 Canada’s Variable Rate Mortgage Borrowers Aren’t In For The Mayhem Media Expects https://betterdwelling.com/canadas-variable-rate-mortgage-borrowers-arent-in-for-the-mayhem-media-expects/ https://betterdwelling.com/canadas-variable-rate-mortgage-borrowers-arent-in-for-the-mayhem-media-expects/#comments Wed, 27 Jul 2022 23:27:13 +0000 https://betterdwelling.com/?p=21421 Canadian variable rate mortgage costs are rising, but National Bank of Canada doesn't see the "trigger rate" being hit.

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]]> https://betterdwelling.com/canadas-variable-rate-mortgage-borrowers-arent-in-for-the-mayhem-media-expects/feed/ 14 21421 Canada’s Inflation Is Higher Than Its Jobless Rate — It’s Rare & Bad News https://betterdwelling.com/canadas-inflation-is-higher-than-its-jobless-rate-its-rare-bad-news/ https://betterdwelling.com/canadas-inflation-is-higher-than-its-jobless-rate-its-rare-bad-news/#comments Thu, 19 May 2022 02:58:53 +0000 https://betterdwelling.com/?p=20648 Canadian inflation surged to a multi-decade high while the jobless rate plunged to a low. In April, the consumer price index (CPI) remained higher than the unemployment rate. According to the National Bank of Canada (NBF), it’s only happened a couple of times before and it was bad news. Canada’s Inflation Is Now Higher Than […]

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]]> https://betterdwelling.com/canadas-inflation-is-higher-than-its-jobless-rate-its-rare-bad-news/feed/ 3 20648 Canada Will Use Reverse of Program Used To Boost Housing, End of “Free Money”: NBF https://betterdwelling.com/canada-will-use-reverse-of-program-used-to-boost-housing-end-of-free-money-nbf/ https://betterdwelling.com/canada-will-use-reverse-of-program-used-to-boost-housing-end-of-free-money-nbf/#comments Sat, 29 Jan 2022 18:12:30 +0000 https://betterdwelling.com/?p=19522 One of Canada’s “Big Six” banks sees the country’s central bank playing catch up to keep pace with the US. National Bank of Canada (NBF) warned their financial market customers the “free-money party” is over. The Bank of Canada (BoC) used quantitative ease (QE), driving home sales and prices higher in 2020-2021. NBF sees the  […]

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]]> https://betterdwelling.com/canada-will-use-reverse-of-program-used-to-boost-housing-end-of-free-money-nbf/feed/ 6 19522 If Canada Skips The Rate Hike It’s Due To Ukraine, Not The Economy: National Bank https://betterdwelling.com/if-canada-skips-the-rate-hike-its-due-to-ukraine-not-the-economy-national-bank/ https://betterdwelling.com/if-canada-skips-the-rate-hike-its-due-to-ukraine-not-the-economy-national-bank/#comments Mon, 24 Jan 2022 18:21:58 +0000 https://betterdwelling.com/?p=19473 Canada’s economy has been making a solid recovery, and it turns out it’s even stronger than thought. National Bank of Canada (NBF) points to this morning’s employment revision. A routine revision from Statistics Canada (Stat Can) shows a sharp climb for employment. In the bank’s opinion, this further strengthens the reason for the Bank of […]

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]]> https://betterdwelling.com/if-canada-skips-the-rate-hike-its-due-to-ukraine-not-the-economy-national-bank/feed/ 8 19473 Bank of Canada Will Raise Rates 500% This Year, To Start Within Weeks: National Bank https://betterdwelling.com/bank-of-canada-will-raise-rates-500-this-year-to-start-within-weeks-national-bank/ https://betterdwelling.com/bank-of-canada-will-raise-rates-500-this-year-to-start-within-weeks-national-bank/#comments Thu, 13 Jan 2022 02:59:09 +0000 https://betterdwelling.com/?p=19388 Canada’s central bank is about to take away the punch bowl real estate has been binging on for the past few years. The National Bank of Canada (National Bank) has forecast interest rates will rise over the next few weeks to combat inflation. Canada’s freshly lowered neutral rate means this will top out fairly fast, […]

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