The stress tests most mortgage applicants in Canada face are defective — but rather than scrapping them, policymakers should make changes.
Canadian construction costs are rising, and that has contributed to home price increases as developers build in growing expenses to their pricing models.
The moderation of Canada’s housing market means reduced revenue for the Canada Mortgage and Housing Corporation.
A rush of homeowners are going to renew mortgages next year and when they do, they’ll most likely be faced with higher interest rates than when they signed on last. Will they be able to keep up with payments?
The Bank of Canada isn’t budging on its policy rate, at least at the moment, and that’s good news for borrowers.
According to a Mortgage Professionals Canada study, there was an 8% decline in new home construction investment through the first quarter of 2019 when compared to the average between 2015 and 2017.
National Bank’s latest study of 10 major Canadian housing markets suggests affordability improved in the first quarter of the year as income growth outpaced home prices — and it looks like more relief is on the way.
A panel of leading Canadian economists have opposing views on longer-term and shared equity mortgages.
According to data compiled by Ratehub.ca, the spring buying season is the best time of year to get a competitive rate from A lenders.
At long last the Canadian housing market appears to be shaking off the effects of the mortgage stress test.
The Bank of Canada will make two interest rate cuts during 2019 according to Capital Economics.
Builders across Canada reported flat or declining prices for new homes according to Statistics Canada.
If you’d asked a big bank economist last year where interest rates were headed in 2019, they’d probably have said they were going up.
Earlier this week Bank of Canada Governor Stephen Poloz called on banks and other lenders to offer more innovative mortgage products, namely longer-term mortgages.
The governor of the Bank of Canada suggests it won’t be long before the country’s housing market has bounced back and starts growing once again.
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