In Toronto, even low-rise homes are losing their affordability.
A group central bankers, regulators and economists says that the world’s banks need to work hard to restore trust in their industry.
One of Canada’s largest mortgage lenders is celebrating after being recognized again as a leader in customer service.
Dominion Lending Centres has awarded a Saskatoon resident $10,000 as part of its free fantasy hockey pool promotion.
Home Capital Group has released details of broker suspensions and reported its quarter two financial results.
TransUnion is warning of an increase in delinquent loans, especially in Saskatchewan and Alberta.
Canada’s economy will grow by just 1.6 per cent this year according to the latest assessment from the Conference Board of Canada.
David Madani, economist with Capital Economics, famously predicted a price crash of 25 per cent for Canada’s housing markets; now he says that low mortgage rates are fuelling a larger correction for the two hottest markets.
First National has reported its financial results for the three months to the end of June and show some strong growth in its mortgage business, especially on the commercial side.
There has been an optimistic tone from some of Canada’s economists so far this week.
The rules surrounding the income from rental units considered in home loan applications submitted to the Canada Mortgage and Housing Corporation are changing.