Articles Tagged with ''Canada''

Canada's reverse mortgage program is seeing tremendous growth, so what's the U.S. doing wrong?

Reverse mortgage debt in Canada reached an all-time high in April
Canada’s reverse mortgage market continues to see explosive growth while its U.S. counterpart struggles to stay afloat. Reverse mortgage debt in the country reached an all-time high in April by climbing to $3.66 billion, according to Canada’s Office of the Superintendent of Financial Institutions. This represents a 28.15% increase from the previous year.
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Canadians struggle with near-record household debt

Flock to U.S. housing market?
Canadians are dealing with near record levels of household debt, but mortgage delinquencies continue to improve. As the country worked to cool its heating housing market, home sales dwindled. So now where are the latest round of potential homebuyers looking? Here, in the U.S.
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Hey homebuilders, Canadian lumber tariffs could jump nearly 30%

Commerce Department proposes another Canadian lumber tariff
U.S. Secretary of Commerce Wilbur Ross announced a new proposed Canadian lumber tariff that would stack on top of the tariff announced back in April on Canadian softwood lumber imported into the U.S. Why is this important? Softwood lumber is the type primarily used in home construction. As a result, the National Association of Home Builders says the steep increase would have a drastic financial impact on homebuilders and homebuyers.
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Moody's: Canadian lumber tariff may take up to 6 months to impact U.S. homebuilders

Chart breaks down where the impact hits home prices
The Trump administration recently announced a tariff on Canadian softwood lumber imported into the U.S. to address a long-standing issue between the two countries. And while Canadian lumber producers, as intended, will feel the impact immediately, so will U.S. homebuilders. The main difference is that it could take U.S. homebuilders up to six months to feel the financial blow.
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Monday Morning Cup of Coffee: What does Goldman Sachs expect from Trump administration?

Plus trouble brewing for Canada’s housing market
In the days since the election, observers on both sides of the political divide found themselves shaking their collective heads at the frequency at which the name Goldman Sachs is a prominent feature on the resume of one of President-elect Donald Trump’s cabinet nominees. So, what exactly does Goldman Sachs expect out of the Trump administration? All that and more in your Monday Morning Cup of Coffee.
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