And other highlights from the latest Toronto housing report
While banks and mortgage lenders have been compelled to tighten lending requirements for new home loans to avoid charges of risky lending from the regulators, there has been a change in the employment landscape.
A greater number of Canadians are struggling to find homes for which can afford mortgage or rent payments as more areas have become less affordable.
Canada’s finance minister says the country’s real estate market has avoided the so-called bubble, with many markets already experiencing a soft landing.
When it comes to one bank’s Realtor referral program, brokers are focusing on the wrong issue, according to one broker.
Just how much can your clients expect to save in interest if they renew their mortgages soon? Stephen Poloz provides the answer.
May has been a busy one for Toronto-based brokers, according to new data that points to a substantial year-over-year uptick in sales.
Fitch Ratings has downgraded its support ratings for many of Canada’s banks and mortgage lenders from 2 to 1.
A new report from CIBC World Markets says that consumer insolvencies in Canada are on the rise and notes the “damage from lower oil prices” as a cause.
The confidence of Canadian consumers is still hovering around the highs for the year so far but dropped last week.
Low mortgage rates have boosted affordability in the US housing market in the first quarter of this year but are likely to be volatile in the coming months.