MORTGAGE RATE FORECAST......BCREA
As the year ends, it's worth reflecting on how significantly the Canadian interest rate environment has changed in just twelve months. One year ago, the Canadian yield curve was its usual upward sloping shape, with markets expecting gradual rate increases by the Bank of Canada. Based partly on those expectations, Canadian mortgage rates were climbing. However, within 8 months the yield curve in Canada had inverted, bond yields tumbled, and Canadian mortgage rates were once again heading lower.
https://www.bcrea.bc.ca/economics/mortgage-rate-forecast/
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Buyers investing in properties for their children as hedge against unaffordable future.
The bank of mom and dad has skipped a generation, with parents now buying houses or condos for their school-aged children or grandchildren.
Nervous upper-middle-class homeowners are hoping that the strategy will help younger generations gain a foothold in Vancouver.
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