It seems Canada can learn a thing or two from America’s foreign buying record-keeping
Canadians are increasingly taking on more debt to afford larger and more expensive homes, but in which province are homeowners particularly indebted?
The ups and downs of Canada’s housing market are set to continue according to the IMF, which has recently altered its overvaluation estimate for Canadian real estate.
Some experts are predicting that the slowdown in Alberta could give an extra boost to the property market in British Columbia and so far this year BC is booming.
The year has got off to strong start in the Greater Toronto Area according to data from GTA Realtors.
The Realtors Association of Edmonton says that sales were down by 26 per cent last month compared to a year earlier and marking a 5-year low.
Homeowners in BC and Alberta have the highest average mortgage debt according to StatsCan data.
The lower interest rates haven’t done anything to curb fears over the economy; in fact they may have made things worse.
In these uncertain times it’s more important than ever to collect data about how brokers feel about the future of the industry and we intend to do just that with our annual Broker Sentiment issue. Click here to take the quick five minute survey; the responses will then be shared with Canada’s mortgage broker associations to ensure broker voices are heard.
As Canada’s five major banks announced prime-rate reduction for mortgages, Ontario’s largest credit union stepped up to deliver a cut of its own.
One major market recorded its third best year for condo sales on record in 2014, and saw a marked increase year-over-year.