The embattled mortgage lender suffered massive year-over-year losses, but claims it has substantial capital to deploy as it looks become a major player again
The slowdown in the oil industry with the resulting job losses will mean a “moderate” decline in the Alberta housing market.
If you’ve struggled to make a financial decision or to control your personal finances then you’re not alone.
The value of condos could be damaged by rising maintenance fees.
A senior Bank of Canada official has said that inflation could slip into negative figures during this spring.
The first to act was an insurer and now at least one major lender has followed suit by announcing it will tighten its lending standards in Alberta due to the effects the faltering oil industry are expected to have on the housing market.
Brokers can expect the next few years to be fruitful, according to one major bank, with Millenials and immigrants expected to bolster many housing markets.
Brokers are optimistic about the year ahead, according to early Broker Sentiment Poll results. There is still time to have your say in the industry’s most comprehensive survey about the brokering industry. Click here to take the quick five minute survey.
The average selling price for a house in Toronto for the first half of February 2015 was $602,110, a 10.3 per cent increase compared to the average reported for the same period in 2014
There’s no slowdown in sales in Toronto according to new data.
The shadow lending market is growing as tighter regulations force the major banks into tighter controls.