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A look at the Canadian real estate market
According to RBC Capital Markets, approximately 60% of all outstanding mortgages at the Canadian chartered banks are coming due in the next three years.
A lower Canadian dollar, especially against the greenback, has sparked fears that import prices will rise—lighting up inflation just as it’s finally settling down. But these currency fluctuations matter less to prices than they once did.
For the first time in years, the Canadian government announced a new registered savings plan. The First Home Savings Account (FHSA) is targeted at potential first-time homebuyers and is a tax-advantaged tool Canadians can use to build their wealth.