Stocks in Canadian mortgage lender Home Capital recovered some of their lost value Thursday following a 64 per cent slump on the Toronto Stock Exchange in the previous session
The average home value in the Greater Toronto Area has climbed another 15 per cent in the four months since it went over the $1m tag price in February this year.
The mayor of Vancouver, one of Canada’s most expensive housing markets, has called for taxes on provincial luxury housing tax and property flippers, as well as the power to cut the number of unoccupied homes.
The head of Canada’s largest private mortgage insurer says the hot housing markets in Toronto and Vancouver are not about to crash.
Federal finance minister Joe Oliver told a Senate committee Tuesday that he wouldn’t be discussing the prospect of a recession because he doesn’t believe there will be one.
Analysts have expressed concern in a new poll over the rising levels of debt held by Canadian households.
Atrium Mortgage Investment Corporation has announced that shareholders will be paid a monthly dividend for June of $0.07 per common share.
Canada’s “best place to live in”, according to a survey, is a small town of about 40,000 residents on the South Shore.
Competition for Canada’s existing detached properties are heating up as the benchmark price went soaring high 14.1 per cent in May compared to the numbers from a year earlier.
Banks and mortgage lenders that charge fees to make certain payments including some mortgage, loan and withdrawals are in the spotlight following complaints from consumers.
The Bloomberg Nanos index of Canadian consumer confidence has remained relatively stable for the week to May 29.