By: Abowath

Our perspective on House prices falling by 47.9% as per CMHC

Tags: Our perspective on House prices falling by 47.9% as per CMHC

Canada Mortgage and Housing Corporation (CMHC) says house prices could fall 47.9% peak-to-trough with an unemployment rate of 25% in its worst-case scenario. That worst case outlook is for a W-shaped recovery, which is a partial recovery followed by a resurgence of COVID-19 leading to a prolonged recession and a loss of confidence. The scenario assumptions include no government assistance, stocks...Read More

By: Abowath

Frequently Asked Questions: Income support for Canadians during COVID 19

Tags: The answers below were compiled from the information available on the Government of Canada’s website retrieved at https://www.canada.ca/en/services/benefits/ei/cerb-application.htm

Section 1: The Canada Emergency Response Benefit Question 1. What is the Canadian Emergency Response Benefit (CERB)? The CERB provides temporary income support if you lost work due to COVID-19. The benefit is available for up to 16 weeks. The CERB is designed to help those Canadians who are not eligible for Employment Insurance (EI), although as noted below, workers who qualify for EI can also q...Read More

By: Abowath

2020 RE/MAX Housing Affordability Report 

Tags: 2020 RE/MAX Housing Affordability Report | GetMaaz.com

Despite housing affordability, many buyers being priced out of the market 62 per cent of brokers surveyed in major Canadian cities are seeing buyers priced out of their market; however, 75 per cent of brokers agree that their market is undervalued Based on average household income rates and monthly percentage allocated to housing, Canadians can afford homes Despite the commonly held notion ...Read More