A cross-Canada glimpse into the state of various housing markets
Despite the record levels of household debt last quarter, Ottawa has showed that Canadians’ appetite demand for credit has stabilized, thanks to home ownership.
A reference to bulk insurance – and so access to conventional mortgages – was part of the 528-page federal budget tabled Tuesday.
Over two years of discussion has resulted in the formation of the Canadian Mortgage Brokers Association – a national group bringing together provincial players.
One developer’s rate-buydown promotion resulted in hundreds of sales in mere minutes; are we bound to see more of these promotions?
With oil prices slightly rebounding, can Alberta-based brokers expect business to follow suit?
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Bank of Canada governor Stephen Poloz has given a strong hint that there will be no further interest rate cut in the near future.
The Economist says that Canada’s housing market is overvalued by at least 25 per cent.
Despite data and forecasts suggesting that the long-predicted “soft landing” for Canada’s housing markets in starting, there are many mortgage lenders and real estate agents who are not seeing that in their areas.
Optimism for the housing market is still rising according to the latest Bloomberg/Nanos Canadian Confidence Index.