The Bank of Canada won’t be hiking its policy rate any time soon, says one economist — and that should be welcome news for mortgage borrowers with variable rates.
Month: April 2019
Canada’s historic household debt levels will almost certainly affect banks and the GDP, according to a long-time markets observer.
Four in ten first-time homebuyers say the Canadian housing market is affordable but many will need assistance.
It used to be that most city-dwelling millennials wouldn’t consider moving to the suburbs, at least not until the later stages of life.
The stress test is back in the crosshairs of industry analysts.
The Canadian federal government’s newly announced First-Time Home Buyer Initiative isn’t the first of its kind.
During Canada’s housing downturn, homebuilders are getting stuck with more and more unsold new homes on their hands, and that’s causing them to hold off on beginning work on new projects that are already approved.
Household income growth is grinding to a halt in Canada, and that’s bad news for future economic growth as a whole and the housing market in particular, suggests a recent report from Desjardins Economics.
Global economic uncertainty means that the Canadian economy will still benefit from the boost that low borrowing costs can provide, according to the Bank of Canada’s Governor.
If you are recovering from a bad credit event, you should make every effort to restore some lustre to that damaged credit history.