The bank and mortgage lender which was fined $1.15 by the financial regulator FINTRAC has been revealed as Manulife Bank of Canada
The $14 billion New Building Canada Fund was launched in April but critics say it has not been clear how to get some of the money and that has delayed the start of building projects this year.
With a $12.5 billion deficit, Ontario may have to increase taxes in order to balance the books.
A Nobel laureate and economist says British Columbia and Vancouver appear to be resistant to housing bubbles despite high property values in the latter.
The Canadian Association of Accredited Mortgage Professionals released a new report saying 17% of first-time homebuyers across the country are accomplishing down payments using family gifts or loans
Experts have reiterated that the continued heat in the housing market is unsustainable.
The weekly Bloomberg Nanos Canadian Confidence Index shows that Canadian householders are as cautious as the experts about rising house prices.
With a $12.5 billion deficit Ontario’s government could have done with some good news, but instead the province’s fall economic update showed a $500 million black hole in revenues and slower growth ahead.
The much talked-about foreign investment impact makes headlines but Toronto’s hot housing market is more than a single story.
Experts are predicting that there will be a softening of the economy in Calgary and throughout Alberta next year and for a few years after.
Canada continues to provide a steady and large flow of buyers of real estate in the U.S. but Realtors and mortgage brokers south of the border advise that there’s research that needs to be done.