Think tank crunches mortgage stats, urges policy makers to take a close look at mortgage habits and the impact of interest rates
A Vancouver mansion has sold for an eye-watering $51 million.
Brokers are calling for a higher barrier to entry into the industry, and many believe the first step lies in establishing a more rigorous curriculum for attaining the broker designation.
Brokers are already considering diverting clients from one big bank to another, following a recent change to a popular mortgage product.
February marked the fourth straight deceleration of the country’s housing price index, an early sign of cooling housing markets across the country, despite a 4.4 per cent increase over the same period last year.
Toronto is one of the ten most economically important cities in the world.
A Canadian debt company has warned that consumers have a too-laid-back attitude to borrowing money.
A new 80-storey development in Toronto will become Canada’s tallest building with the owner promising it will put the junction of Yonge and Bloor Streets “on the international map”.
It may be a controversial tactic, but one broker has admitted to using it to discourage clients from shopping for rate at the big banks.
The International Monetary Fund has suggested the Canadian government should tighten the lending rules for uninsured mortgages, which it believes are contributing to an overvalued housing market.
At least one economist is backing up the advice so many agents offer clients paralyzed by the kind of overvaluation fears stirred by an IMF report this week.