As much as 76% of Canada’s national wealth is locked into real estate, according to Statistics Canada’ late December report covering “value of non-financial assets” during the third quarter of 2018.
Like many other market observers, Central 1 expects the Bank of Canada will hike its influential key interest rate this
As he sees it, there’s just one problem. “The problem is, it was probably too much, too quick.”
Less than 60% are feeling good about the economy this year, however – considerably lower than the 65% in 2017. The proportion of those pessimistic about the economy is also catching up, at 41%.
A strategic partnership between insurance and tech firm Valeyo and credit information provider Equifax has been announced.
Three interest rate hikes in 2019 — that’s what economists have been predicting for months, as part of the Bank of Canada’s ongoing strategy to keep the country’s inflation levels in check. But, according to one economist, that plan may have changed.
Canada’s new construction housing market could be hitting a wall, thanks to higher interest rates: TD
There was a slight increase in Canadian housing starts in November, the second month of strong activity for the homebuilding sector. But according to economists, the solid performance could hit a wall in 2019.
Mortgage stress test vs. high interest rates: which has impacted the Canadian housing market more?
The Canadian government should begin to ease on the much-tightened mortgage regulations introduced at the beginning of this year, as these rules have already fulfilled their mandate of moderating housing markets.
Consumer confidence among Canadians has reached a 12-month low, with grimmer expectations surrounding the economy and real estate prices, according to the latest poll conducted by Nanos Research Group for Bloomberg.
CIBC Economics says that it may be necessary for the BoC to ease back from its confident stance of increasing rates to a 2.5-3.5% range, a range that CIBC believed was too aggressive even then.
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