Household debt in Canada is “outlandish when compared to the rest of the G7” according to David Madani
The weekly index of Canadian consumer confidence from Bloomberg/Nanos is at a two-year low, down to 52.31 last week from 53.41 a week earlier.
The annual Mortgage Alliance Rally of Hope has raised $135,000 for the Canadian Cancer Society.
New data from the Toronto Real Estate Board show that less commercial space in the area was leased in July 2015 compared to a year earlier.
Sales of homes in the Vancouver metro were running at about a third more than the ten-year average in July despite inventory remaining tight.
Realtors in Saskatoon had a busier July than normal with 444 sales in the month making it the second-highest July in the past ten years; the highest was in 2013 when there were 462.
The Bank of Montreal is predicting that Canada is heading for its worst non-recession performance in more than 50 years.
The long-running debate about the level and impact of foreign investors on the hottest housing markets in Canada typically refers to legitimate buyers but it appears there is a shadier side.
July saw another double-digit drop in home sales in Calgary according to new data from the city’s real estate board.
HomEquity Bank, the reverse mortgage bank for over 55’s, has recorded a record high for reverse mortgage originations, $41 million in July.
A realtor in Dartmouth has been suspended following a Nova Scotia Real Estate Commission investigation sparked by an audit.