Canadian homeowners, homebuyers, and sellers are confronting a new economic reality amidst an unforeseen surge in inflation. In December, the Statistics Canada (Stat Can) Consumer Price Index (CPI) reported an annual growth rate of 3.4%, marking a substantial leap from the previous month. Let’s delve into the factors contributing to this Canadian Inflation Impact and explore its potential implications for the North Vancouver real estate market.
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Genworth and Canada Guaranty Won’t Adopt CMHC’s New Mortgage Rules
Following the announcement of CMHC’s new mortgage rules last week, Canada’s other two mortgage insurers, Genworth Canada and Canada Guaranty, confirmed Monday they will not be following CMHC’s lead.
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