BMO executive confirms no rate movement
An executive of the fourth largest bank in Canada has confirmed the Bank of Montreal won’t be moving its prime lending rate amid the surprise rate cut the central bank recently announced.
Manitoba poverty, poor housing makes province ‘one of the worst places’
Manitoba has been named one of the worst places for First Nations people to live in Canada, as the region’s natives are more likely to grow up in poverty and poor housing conditions.
Chief economist views alternative lenders positively
A report by CIBC World Markets said the overall mortgage market share of alternative lending institutions in Canada has increased from 0.8% during 2008 to 2009, and its expansion rate is also growing at 25% per year.
Affordable housing group ‘offers’ murder scene dwelling
The dream of an Iraqi family to move into a larger city-subsidized home - since living in Canada from 2001 - has turned out to be a horrific nightmare.
Broker pushes annual ‘mortgage checkup’ for homebuyers
For a mortgage broker of Beyer Mortgage Services, 2015 is the perfect opportunity to perform a “mortgage check-up”.
Experts belittle rate cut impact
The surprise interest rate cut by the Bank of Canada (BOC) last week was received with mixed reactions from different sectors, including many experts who think little impact will come out of the reduction.
People with disabilities may be evicted, says NGO
An Edmonton non-profit group has slammed the provincial housing safety standards, arguing that people with disabilities may be evicted – a possible, ironic effect of the dwelling rules set to protect them as renters.
Oliver won’t force banks to follow BOC rate cut
Despite the surprise 0.75% rate drop last week, Canadian Finance Minister Joe Oliver said he has no plans to influence the country's banks to follow the Bank of Canada (BOC).
Altus study reveals Canadian rental property rate
A new study by the Altus Group reveals that Canadian households with over $100,000 incomes have a rental property ownership rate of 10%.
Bank rates still steady amid BOC cuts
The Bank of Canada may have surprised the mortgage sector with its pullback of already-low interest rates, but consumers haven’t felt the savings yet.