Bank of Canada seen raising rates as early as Q3 next year — or even sooner
Just last month economists were almost evenly split on the risk of higher rates; now nearly all are saying sooner rather than later
Source: leaderpost.com
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Vancouver parents giving kids $180K on average to buy first home, report finds
Parents are coughing up an average of $180,000 to help their adult children enter the Vancouver real estate market, according to a new report highlighting the widening wealth gap in Canada.
Source: bc.ctvnews.ca
Bank of Canada to Raise Rates in Third Quarter Next Year, Possibly Sooner: Poll
BENGALURU—The Bank of Canada will raise rates as early as the third quarter of next year, at least ...
Source: theepochtimes.com
Parents gifting more for kids' down payments: CIBC
A new report shows parents are giving increasingly large financial gifts so their kids can afford do...
Source: winnipegfreepress.com
Homebuyers: Parents gifted kids $10B in last year
Parents have gifted just over $10 billion to their adult children over the past year to help with the down payment of home purchases, according to a CIBC report, with first-time buyers receiving a record average of $82,000 in help and “mover-uppers” receiving an average of $128,000.
Source: ctvnews.ca