The Bank of Canada is preparing for its next interest rate announcement, but will it follow many of its global peers and make a cut?
Month: August 2019
An economist with Canada’s biggest bank says the country’s housing-market correction “is officially over.”
The Canadian housing market is teetering on the verge of favouring sellers despite the vast majority of local markets remaining balanced — for now.
Canadian home prices have lagged inflation over the past year according to a leading index.
There are signs that Canada’s housing market is about to get hotter.
There was a 3.5% rise in Canadian home sales in July compared to June and unadjusted activity was up 12.6% year-over-year.
Depending on the circumstances surrounding your bankruptcy, generally some lenders would consider providing mortgage financing.
I recently had clients who were refinancing their mortgage completely reject a very attractive offering from one of the big chartered banks.
Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada.
The struggle has been real for Alberta’s biggest housing markets — but the province’s embattled urban centres are showing some signs of improvement, local real estate boards report this month.
Mortgage stress testing did more than just make it tougher for many Canadians to purchase a home — it also eroded their confidence in the housing market.
But Canadians seem to be regaining their confidence, more than a year and a half after policymakers introduced stress testing for uninsured mortgages.
Stressed out about Canada’s mortgage stress test? Mortgage-comparison website RateSpy recently rounded up four “loopholes” for homebuyers trying to qualify under the tougher rules.
Earlier this week, the federal government announced the launch of a new program which will help even more Canadians enjoy affordable home ownership – specifically, by assisting providers of shared equity mortgages.
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