Says it is keeping an eye on economic uncertainties
A report from RBC says that household debt grew by 4.6 per cent in January, the fastest growth in 2 years.
Knight Frank’s annual wealth report shows the 40 cities that are considered the most important to some of the richest people in the world.
Chinese investors are still very keen to put their money into property in Canada and owners of commercial property should act now to access the surge in available capital.
The Canada Mortgage and Housing Corp (CMHC) has admitted that it told the finance ministry in 2014 its concerns about increasing high household debt levels and rising prices in a number of urban property markets.
The lack of transparency surrounding collateral charge mortgages at one big bank has sparked furious debate among mortgage brokers.
Following the central bank’s move to maintain its overnight rate, industry professionals across the country are already speculating about the effect the move – or lack thereof – will have on broker business.
Homebuyers in Canada’s larger city centres are wising up to the fact that home prices aren’t about to tumble, sending February sales through the roof.
After the Bank of Canada’s decision yesterday to hold steady on the 0.75 per cent interest rate many analysts now say that another rate cut this year is unlikely.
The average cost of a single-family home in Toronto has now risen above $1 million.
It’s reported that the Canada Housing and Mortgage Corporation privately flagged up its concern in the level of household debt and house prices last year.