A recent poll conducted by Ipsos Public Affairs for Global News reveals that Canadians are increasingly concerned about rising interest rates and inflation. Many Canadians fear they won’t be able to pay off debts, such as credit card bills, as interest rates continue to climb. According to the survey, 81% of Canadians are worried that …
Ottawa has recently released a comprehensive set of guidelines aimed at standardizing the provision of mortgage relief to struggling consumers by federally regulated lenders in Canada. This new approach has the potential to save mortgage holders from incurring expensive fees and penalties associated with refinancing or altering the terms of their loans. The guide, published …
For the first time in 11 years, the housing market is experiencing a decline in home prices on a national level. According to the S&P CoreLogic Case-Shiller National Home Price Index, there was a 0.2% drop in prices in April, as reported by the Wall Street Journal. This is the first time since April …
A new exchange-traded fund (ETF) has entered the market, focusing on real estate and other hard assets. CBRE’s Investment Management launched the IQ CBRE Real Assets ETF in May with the aim of offering protection against inflation in a rising interest rate environment. Dan Foley, the portfolio manager of the ETF, stated on CNBC’s “ETF …
A major financial services CEO cautions that the economy has not yet fully absorbed the impact of higher interest rates. Thomas Michaud, CEO of Stifel company KBW, points out that there is a delayed reaction in the market following the last rate hike. He emphasizes that a 25 basis point increase at a 5% rate …
The Federal Reserve has decided to pause on raising rates, breaking a streak of 15 consecutive increases. This change could bring some relief to consumers who have been dealing with higher mortgage, credit card, and loan costs due to the previous rate hikes. Since the Fed began raising rates in 2022 to combat inflation, the …
When it comes to buying a home now, there are plenty of challenges. But homeownership can be a great way to build wealth and to maintain housing stability, said Kamila Elliott, a certified financial planner and co-founder and CEO of Collective Wealth Partners, a boutique advisory firm in Atlanta. Achieving that goal now can be challenging, with …