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News
What's really blocking Canada's housing recovery?
5+ hour, 9+ min ago (563+ words) A new KPMG survey points to forces that rate cuts alone cannot fix Two thirds of Canadian businesses have adjusted prices to cover tariff costs, and regulatory gridlock is constraining new housing supply across the country, according to a new…...
Kashkari: act on rates now or pay a steeper price later
7+ hour, 8+ min ago (455+ words) Fed dissenter Kashkari argues small steps now beat aggressive hikes down the road Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, argued Wednesday that the Federal Reserve should begin raising interest rates now — incrementally — rather than allow inflation…...
Is a Fed hike coming? July's jobs data won't settle it
8+ hour, 36+ min ago (515+ words) Private hiring falls to its weakest reading of 2026, rattling mortgage rate expectations Private employers added just 44,000 jobs in July, the smallest monthly gain of 2026, according to the ADP National Employment Report released Wednesday. The result may ease immediate pressure on…...
Doom spending and doubt: Younger Canadians rethink homeownership
10+ hour, 38+ min ago (663+ words) Affordability is barely improving for many buyers, making the homeownership dream feel further away than ever Canada’s housing affordability crisis is rumbling into the second half of 2026 – and with a significant number of young Canadians having stopped believing homeownership will…...
Most UK homebuyers fear losing housing equity despite rising property values
10+ hour, 4+ min ago (427+ words) New research finds widespread anxiety about negative equity, with younger buyers and Londoners most exposed to fear of losses Nine in 10 recent homebuyers in the UK are concerned that changes in the housing market could reduce the equity in their…...
First-time buyers turn to tracker mortgages as fixed rates climb
9+ hour, 15+ min ago (386+ words) Nearly a third of new homebuyers researched variable or tracker products in July, up from fewer than one in 10 in February Almost one in three first-time buyers were weighing variable or tracker mortgages in July, as rising fixed rates prompt…...
NZ unemployment climbs to 11-year high as wages fall behind inflation
8+ hour, 17+ min ago (395+ words) Unemployment climbs to 5.6% while wage growth stalls behind inflation, testing the RBNZ's resolve New Zealand's unemployment rate climbed to 5.6% in the June quarter, its highest level since September 2015, as labour market slack widened despite modest gains in employment and participation....
Dosh pauses banking bid, doubles down on home loan advice
8+ hour, 54+ min ago (345+ words) Fintech shelves bank registration push to focus on home loans and One NZ tie-up. New Zealand fintech Dosh has put its banking registration ambitions on hold, opting instead to focus on growing its home loan advice business and its partnership…...
Property resale profits slip as housing market fragments
9+ hour, 16+ min ago (280+ words) New data shows the share of profit-making house resales has edged lower, even as median gains rise Australia's streak of rising property resale profitability is showing early signs of losing ground, according to Domain's latest Profit and Loss Report. In…...
BNZ lifts fixed home loan rates as wholesale funding costs climb
9+ hour, 28+ min ago (368+ words) Bank follows ANZ and Westpac in raising fixed rates, but economist sees limited room left to rise BNZ has become the latest major bank to lift its fixed home loan rates, increasing terms from one year through to four years,…...