Canada's high level of household debt has again been flagged by the OECD which also highlights an issue with investment property
The Bank of Canada dropped a surprise interest rate cut on Wednesday from 1% to 0.75%, the latest move since September 2010.
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 is Canada’s second least affordable housing market, a study that looked at 378 metropolitan cities across the globe has found.
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’s housing market is enjoying positive numbers as sales across the Fraser Valley soar 16% in 2014.
The new TD Economics report has said that the decade-long housing boom “belies a number of problems” in the Canadian marketplace.
A new CREA report sees condo sales up for Canada’s major cities despite sinking oil prices, and says the trend shall continue for the rest of the year.
Online marketplaces like Airbnb are helping homeowners get even with their mortgages and debts. All it takes for them is to turn an extra bedroom or partitioned living room into income-generating spaces.
Consumers are growing concerned about the health of the property market, making it harder for brokers to complete sales.
Alberta is showing signs of an economic slowdown as its property market weakens and consumer confidence wanes. Industry experts attribute the signs to the fall of crude prices across Canada.