In Toronto, even low-rise homes are losing their affordability.
The Bloomberg Nanos Canadian Confidence Index fell last week suggesting that consumers are still nervous about the economy against the backdrop of lower oil prices.
Scotiabank has appointed Tiff Macklem to its board of directors. Dr Macklem is the dean of the Rotman School of Management and is a former senior deputy governor and COO of the Bank of Canada.
The topic never goes away for long; the effect of foreign investors on Canada’s property market, particularly homes in Vancouver and Toronto.
The Canadian Senate has issued a report that regulation of growing digital currencies such as Bitcoin, should be done with a “light touch”.
Figures from the Canada Mortgage and Housing Corporation show a rise in rents in Vancouver.
While economists and politicians debate their varying levels of concern about Canadian households’ debt levels it seems those with the debt are less worried.
A new study from TD Economics suggests that despite continuing signs of weakness in world economies, for Canada the worst is most likely behind us.
The dovish tone of the Fed’s monetary policy committee meeting has raised expectation that the US will begin increasing interest rates in September with small incremental rises to follow.
If the analysts are correct Canada is heading for a new construction boom; in homes for seniors.
The Asia-Pacific region is now home to more high net worth individuals (HNWIs) than anywhere else and the region’s rich are gaining wealth faster than elsewhere.