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The Bank of Canada has joined the voices saying that Canada’s housing market is over-valued but a new report forecasts a moderation of prices in the coming year.
Even in the hottest property markets the next 12 months should see an easing of the fast pace of price growth.
While some are predicting a downturn in the housing market in Alberta due to the lower oil prices, a local real estate board is more upbeat.
The Bank of Canada is warning that 1 in 8 households, about 12 per cent, are at the greatest risk from a rise in interest rates due to their levels of debt.
The Bank of Canada has developed a new model to determine the overvaluation of housing prices in Canada and has, for the first time, provided its own estimation.
A weakened Canadian dollar will benefit buyers and brokers in one major area but another will have to grapple with a slowing market.
The number of housing starts have continued to surge toward the end of the year but one big bank economist assures Canadians we aren’t at risk of overbuilding.
The festive season is fast approaching and while your employees might be decking the halls with boughs of holly, you’ve got something to be less than jolly about - the inevitable Christmas party.
Condominium buyers in Metro Vancouver are paying extra for their new homes due to a trade dispute over steel rods from Asia.