An analysis from LowestRates.ca has found that, in 2018, Canada’s largest banks – RBC, TD, BMO, Scotiabank, CIBC, and National Bank of Canada – were consistently the most expensive options.
Why do we stay with them? Complacency is a big reason. A lack of knowledge is another.
The B-20 mortgage guidelines continue to be cited by Realtors for falling home sales and there have been countless calls for them to be changed or scrapped.
The association that represents more than 11,000 Canadian mortgage professionals says that Ottawa’s policies have harmed the housing market.
Housing markets in big Canadian cities are heading towards stability this year — not a crash — and while that’s good news for the economy at large, homebuyer hopefuls looking for more affordable options will be disappointed.
A growing number of Canadians are finding it difficult to pay off their financial accountabilities, according to a report by the Office of the Superintendent of Bankruptcy late last week.
rtgage Professionals Canada has renewed calls for changes to the federal government’s stress tests, arguing they pose serious risk to the housing market and overall economy.
Data from the Office of the Superintendent of Financial Institutions indicated intensified borrowing among Canadian seniors taking advantage of their housing equity, with growth of the nation’s reverse mortgage load reaching its highest point in 8 years.
Based on a leading indicator for where home prices are headed, an economic-research firm is predicting a booming year for one of Canada’s largest housing markets.
The Canadian housing market’s performance has been even worse than TD expected, but there are multiple reasons one of Canada’s biggest banks doesn’t predict “a further sustained deterioration” — or worse — this year.
Canada’s home prices increased 4% year-over-year in the fourth quarter of 2018, a sign of the market recovering from “the most significant housing correction” since the financial crisis.
The Bank of Canada has stepped to the sidelines since it last hiked the overnight rate, which influences rates on the mortgage market, this past October.
- Office:141 Torbay Road, NL
- Direct:(709) 770-9194
- Fax:(709) 754-0466