Desjardins Archives - Better Dwelling https://betterdwelling.com/tag/desjardins/ Canada’s Fastest Growing Real Estate News Source Sat, 13 Aug 2022 21:42:33 +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 Desjardins Archives - Better Dwelling https://betterdwelling.com/tag/desjardins/ 32 32 64691831 Canadian Real Estate Prices To Fall More Than Expected: Desjardins https://betterdwelling.com/canadian-real-estate-prices-to-fall-more-than-expected-desjardins/ Fri, 12 Aug 2022 02:52:23 +0000 https://betterdwelling.com/?p=21637 Yet another Canadian financial institution thinks real estate is worse than we think. Desjardins made a sharp downward revision to its forecast for Canadian real estate prices. The revision comes after fundamentals eroded faster than expected, already hitting their previous forecast price drop. By the end of next year, they see the average home price […]

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]]> 21637 Canadian Home Buyers Need $42,000 Per Year For Payments In Q1 2022: Desjardins https://betterdwelling.com/canadian-home-buyers-need-42000-per-year-for-payments-in-q1-2022-desjardins/ https://betterdwelling.com/canadian-home-buyers-need-42000-per-year-for-payments-in-q1-2022-desjardins/#comments Mon, 09 May 2022 17:12:03 +0000 https://betterdwelling.com/?p=20544 Canadian real estate prices may be slowing now, but the damage got even worse in the year’s first quarter. The Desjardins Affordability Index (DAI) reached the worst level recorded in Q1 2022. Home prices continue to become more overvalued, even as incomes fall. The Desjardins Affordability Index (DAI) The DAI is an inverse affordability index […]

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]]> https://betterdwelling.com/canadian-home-buyers-need-42000-per-year-for-payments-in-q1-2022-desjardins/feed/ 2 20544 Canada’s Residential Real Estate Boom Will Soon Turn To A Lull: Desjardins https://betterdwelling.com/canadas-residential-real-estate-boom-will-soon-turn-to-a-lull-desjardins/ https://betterdwelling.com/canadas-residential-real-estate-boom-will-soon-turn-to-a-lull-desjardins/#comments Fri, 29 Apr 2022 01:48:07 +0000 https://betterdwelling.com/?p=20381 It’s hard to believe, but Canada’s epic real estate boom might be ending. That was the ominous warning from Desjardins, one of the country’s large financial institutions. They see higher mortgage rates cooling demand significantly in the coming months. The market is forecast to cool so much they see real estate prices falling towards “real […]

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]]> https://betterdwelling.com/canadas-residential-real-estate-boom-will-soon-turn-to-a-lull-desjardins/feed/ 16 20381 Canadian Mortgage Rates May Climb Up To 7% By Next Year: Desjardins https://betterdwelling.com/canadian-mortgage-rates-may-climb-up-to-7-by-next-year-desjardins/ https://betterdwelling.com/canadian-mortgage-rates-may-climb-up-to-7-by-next-year-desjardins/#comments Thu, 28 Apr 2022 03:01:46 +0000 https://betterdwelling.com/?p=20369 Canadian mortgage borrowers are going to be paying much higher rates soon. Desjardins’ latest consumer interest rate forecast shows the 5-year fixed rate mortgage climbing — a lot. Over the next few quarters, it can hit up to 7% — a rate that would have seemed impossible back in 2019. Elevated inflation may push borrowing […]

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]]> https://betterdwelling.com/canadian-mortgage-rates-may-climb-up-to-7-by-next-year-desjardins/feed/ 15 20369 Canadian Inflation Hits Highest Growth In 31 Years, Experts See Interest Rates Surging https://betterdwelling.com/canadian-inflation-hits-highest-growth-in-31-years-experts-see-interest-rates-surging/ https://betterdwelling.com/canadian-inflation-hits-highest-growth-in-31-years-experts-see-interest-rates-surging/#comments Wed, 20 Apr 2022 16:03:12 +0000 https://betterdwelling.com/?p=20285 Canadian households were hit with the fastest rise in living expenses in over 3 decades. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth for March was the highest in over 31 years. High crude oil prices have been the focus of most media attention, but the issue is much more […]

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]]> https://betterdwelling.com/canadian-inflation-hits-highest-growth-in-31-years-experts-see-interest-rates-surging/feed/ 3 20285 Canada’s Surge of Variable Rate Mortgages Are Forecast To See Costs Double: Desjardins https://betterdwelling.com/canadas-surge-of-variable-rate-mortgages-are-forecast-to-see-costs-double-desjardins/ https://betterdwelling.com/canadas-surge-of-variable-rate-mortgages-are-forecast-to-see-costs-double-desjardins/#comments Sat, 12 Feb 2022 16:51:05 +0000 https://betterdwelling.com/?p=19653 Canadian homebuyers are scrambling for cheap mortgage debt, often with variable rates. The latest Desjardins’ research note shows they should expect to pay a lot more in two years. As the Bank of Canada (BoC) hikes the overnight rate, those with variable mortgages will see costs rise. Desjardins’ calculations see those costs more than doubling […]

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]]> https://betterdwelling.com/canadas-surge-of-variable-rate-mortgages-are-forecast-to-see-costs-double-desjardins/feed/ 4 19653 Canadian Economic “Vulnerability” Will Stop Rates From Rising With US: Desjardins https://betterdwelling.com/canadian-economic-vulnerability-will-stop-rates-from-rising-with-us-desjardins/ https://betterdwelling.com/canadian-economic-vulnerability-will-stop-rates-from-rising-with-us-desjardins/#comments Tue, 08 Feb 2022 18:25:59 +0000 https://betterdwelling.com/?p=19615 Canada is preparing to tighten interest rates with the US, but it will encounter some hurdles. That’s the take from Jimmy Jean, Chief Economist at Desjardins. In a note to clients today, the economist said he expects Canada to start rate hikes with the US. However, the country won’t be able to keep up as […]

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]]> https://betterdwelling.com/canadian-economic-vulnerability-will-stop-rates-from-rising-with-us-desjardins/feed/ 3 19615 Mortgage Rates To Climb, Bank of Canada Will Be Forced To Hike Early: Desjardins https://betterdwelling.com/mortgage-rates-to-climb-bank-of-canada-will-be-forced-to-hike-early-desjardins/ https://betterdwelling.com/mortgage-rates-to-climb-bank-of-canada-will-be-forced-to-hike-early-desjardins/#comments Thu, 21 Oct 2021 16:06:32 +0000 https://betterdwelling.com/?p=18542 Canada’s central bank is increasingly feeling the pressure from inflation. Desjardins, the country’s largest cooperative financial group, accelerated its interest rate forecast. They see the Bank of Canada (BoC) hiking rates a quarter earlier than previously expected. Elevated inflation is what’s behind the change, and it’s going to push the cost of mortgages higher.  The […]

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]]> https://betterdwelling.com/mortgage-rates-to-climb-bank-of-canada-will-be-forced-to-hike-early-desjardins/feed/ 20 18542 Canadian and US Bond Yields Fell, Increasing Risk of An “Abrupt” Rise: Desjardins https://betterdwelling.com/canadian-mortgage-rates-may-rise-more-abruptly-after-falling-yields-desjardins/ https://betterdwelling.com/canadian-mortgage-rates-may-rise-more-abruptly-after-falling-yields-desjardins/#comments Fri, 13 Aug 2021 19:31:23 +0000 https://betterdwelling.com/?p=17806 Canadian (and US) bond yields made an abrupt decline over the past few weeks. This is contrary to what experts had forecast, but it hasn’t changed their tune. In fact, Desjardins chief economist Jimmy Jean said it reinforces his belief. In a note to clients this week, he outlined the disconnect between yields and the […]

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]]> https://betterdwelling.com/canadian-mortgage-rates-may-rise-more-abruptly-after-falling-yields-desjardins/feed/ 8 17806 Canadian Housing Investment Forecast To Make A Sharp Decline: Desjardins https://betterdwelling.com/canadian-housing-investment-forecast-to-make-a-sharp-decline-desjardins/ https://betterdwelling.com/canadian-housing-investment-forecast-to-make-a-sharp-decline-desjardins/#comments Thu, 24 Jun 2021 00:36:07 +0000 https://betterdwelling.com/?p=17205 A large Canadian financial institution sees housing investment moderating soon. Desjardins has forecast residential investment will begin tapering in the second quarter of this year. They also see negative growth next year, as other segments of the economy start to draw in some dollars. Canadian Residential Investment Grew 43% Residential investment has seen obscene growth […]

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