Canadian housing "pricey, not dicey": BMO
Canada’s housing market is moderately overvalued but is not in a bubble, according to BMO Nesbitt Burns.
Canadian homeowners comfortable with mortgage debt: CAAMP
Most Canadian homeowners are comfortable with their mortgage debt, according to the sixth annual State of the Residential Mortgage Market report from the Canadian Association of Accredited Mortgage Professionals (CAAMP).
Condo ownership on rise in Ontario cities
The majority of first-time homebuyers in several large Ontario cities are moving into condominiums to avoid the high prices of single-family homes, a recent report has found.
An Islamic mortgage, semantics to some
Manitoba-based Assiniboine Credit Union introduced an Islamic mortgae earlier this year that sounds like it differs only in wording.
HST confusion abounds in Ontario
According to a recent Ipsos Reid survey, 56 per cent of Ontarians still mistakenly believe that the harmonized sales tax (HST) applies to the full purchase price of an existing home.
Ontario boomers to downsize homes: TD buyer report
Most Ontario boomers are planning to move to smaller homes, according to the TD Canada Trust Boomer Buyers Report.
Public awareness campaign aimed at first-time homebuyers
To encourage first-time homebuyers to consider all options before choosing a mortgage, the Financial Consumer Agency of Canada (FCAC) is launching a public awareness campaign that offers free “unbiased mortgage information.”
Andrew Moor sees lots of opportunity for brokers
Andrew Moor, president and CEO of Equitable Trust, was positive on how much opportunity brokers have in Canada and his perspective on how they can continue to grow business.
Household debt to outpace income: TD
When interest rates rise, 10 per cent of Canadian households could be in financial trouble, according to a TD Economics study.
BoC holds interest rate, gloomier economic outlook
The Bank of Canada maintained its benchmark interest rate at 1 per cent on Tuesday October 19 after three consecutive increases.