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The process to come up with a common definition of what constitutes the Aravalis began last week as a panel appointed on the directions of the SC sat for its first meeting.
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National Bank of Canada states that Canada has entered the first "population trap" in modern history. Something that normally only happens to third world counties. Canada needs immigration reform to escape ‘population trap,’ economists say https://t.co/irgc87CgNK
Have We Fallen Into A New Construction Housing Trap?
Not everywhere in Canada but definitely Southern Ontario & parts of BC
The combination of ultra high land prices & insanely high Development Fees & Taxes make new builds hopeless?
Rocketing interest just revealed it
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Canada Mortgage Renewal Stats
Until Aug. 2024:
Avg. each month ∼1% of all 7 Million mortgages in Canada will be renewed (∼70,000)
Aug. 2024 to July 2025:
The no. will increase to ∼1.5%/month (∼ 105,000)
% of Mortgages Renewing in 1 & 2 Years (July 31, 2023):
TD:
1 Yr: 9%
2 Yr: 26%
Scotiabank:
1 Yr: 13%
2 Yr: 31%
CIBC:
1 Yr: 16%
2 Yr: 39%
BMO:
1 Yr: 10%
2 Yr: 23%
RBC: (All Loans)
1 Yr: 18%
2 Yr: 41%
If Toronto and Vancouver Returned to 2015 House Prices Would The World End?
I did an interview with my friends @BetterDwelling the other day and talked about some of the upside of going back to 2012 House Prices . There were some kind comments and a couple of FU reactions
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