Canadians take on more debt due to low-rate environment, study says
A new report by analysis firm TransUnion has revealed that Canadians have returned to their debt-loving ways last year and the behaviour is expected to prevail as low interest rates emerge.
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BMO, TD lowers five-year fixed mortgage rates
The Bank of Montreal (BMO) has revealed it has lowered its five-year fixed mortgage rate to 2.79 per cent from 2.99 per cent effective immediately for its customers.
Expert believes recession may burst Canada’s housing bubble
Hilliard MacBeth, a financial adviser and book author, warns the Canadian housing market may moving toward its biggest crash ever thanks to soaring home prices.
New York-based expert likens Canada housing market to U.S.’ five years ago
A New York-based strategist claims Canada’s housing market today is similar to the U.S.’ five years ago, when it was “basically unsustainable”.
Calgary rental units rise, CMHC report says
Calgary’s housing market, particularly its rental sector, may be seeing some improvements as hundreds of additional dwelling units are currently under construction.
Toronto’s housing bubble not bursting anytime soon, study claims
Toronto Dominion Bank has published a report which found the cost of renting or owning a home in Toronto is becoming unaffordable for many residents.
Oil prices may ignite housing market correction, study says
A new Reuters survey has revealed that the dramatic dips in oil prices are leading Canada to a correction after a long housing boom period.
Poloz believes rate cut buys time against oil price impact
The interest rate cut last month will buy Canada some time from knowing the true economic impact of the recent dramatic fall in oil prices, Bank of Canada governor Stephen Poloz said.
BMO declares net income, quarterly dividend
BMO Financial Group has announced a net income of $1bn for the first quarter of the year. On an adjusted basis, the net income is at $1,041m.