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.
Condo and housing sales see wider gap across GTA
A new review has revealed the widest gap between Toronto-area condos and low-rise homes ever recorded, at $251,337 in 2014.
BOC announces historic interest rate cut
The Bank of Canada dropped a surprise interest rate cut on Wednesday from 1% to 0.75%, the latest move since September 2010.
Shadow lenders growing in population
The number of mortgage brokers and non-bank lenders operating outside of Bank of Canada’s reach is increasing, including the likes of cash-for-jewelery dealer Harold Gerstel of Toronto.
Victoria, Vancouver among least affordable housing markets
Victoria is Canada’s second least affordable housing market, a study that looked at 378 metropolitan cities across the globe has found.
Calgary housing market falters this month
A senior economist from BMO Capital Markets believes Canada’s top housing market has caught a serious chill this month, as sales are down 37% from a year ago.
Surrey homes sales climb dramatically
Surrey’s housing market is enjoying positive numbers as sales across the Fraser Valley soar 16% in 2014.
Housing boom offers less affordable prices; encourages condo living
The new TD Economics report has said that the decade-long housing boom “belies a number of problems” in the Canadian marketplace.