Households in British Columbia have reported high levels of anxiety over their debts with almost two thirds saying the worry “is constant”
The CMHC’s latest annual survey of mortgage consumers reveals some interesting insights into the habits and thoughts of those we do business with.
Some of Canada’s biggest mortgage lenders continue to beat the expectations of analysts as they report their 2nd quarter results this week.
The share of the mortgage insurance market held by Canada Mortgage & Housing Corporation is down to 50 per cent, a record low and a big drop from the 90 per cent it held in 2008.
As expected the Bank of Canada held interest rates at 0.75 per cent Wednesday and believes that the economy will improve in the second quarter with non-energy exports growing as the US economy continues to pick up.
Canada’s banks and mortgage lenders are reporting their second-quarter results this week with Bank of Montreal and National Bank of Canada the first to do so.
The level of household debt held by Canadians is a frequent topic of discussion but in the past week there has been a lot of discussion among economists about whether it’s a concern or not.
The Bank of Canada will announce its latest decision on interest rates Wednesday but most analysts expect Governor Stephen Poloz to announce that it is sticking at the current 0.75 per cent.
Donald Trump’s right-hand man on TV’s “The Apprentice” says that contrary to popular opinion Canada’s property market is not overvalued.
Banks are increasingly interested in the credit card market as profits from loans and mortgages become tighter and Canada’s Toronto-Dominion has made a big commitment to the sector.
A new poll by CIBC found that Canadians seem less keen to save than the government would like.