Calgary rental units rise, CMHC report says
Calgary’s housing market, particularly its rental sector, may be seeing some improvements as hundreds of additional dwelling units are currently under construction.
Toronto’s housing bubble not bursting anytime soon, study claims
Toronto Dominion Bank has published a report which found the cost of renting or owning a home in Toronto is becoming unaffordable for many residents.
Oil prices may ignite housing market correction, study says
A new Reuters survey has revealed that the dramatic dips in oil prices are leading Canada to a correction after a long housing boom period.
Poloz believes rate cut buys time against oil price impact
The interest rate cut last month will buy Canada some time from knowing the true economic impact of the recent dramatic fall in oil prices, Bank of Canada governor Stephen Poloz said.
BMO declares net income, quarterly dividend
BMO Financial Group has announced a net income of $1bn for the first quarter of the year. On an adjusted basis, the net income is at $1,041m.
Four in 10 retirees won’t be mortgage free, study shows
Canadians are not confident they will retire the “Freedom 55” way, as almost half of Ipsos Reid’s respondents said their incomes are causing them stress.
Canadians ‘may grow tired’ of low rates
Former hedge fund researcher Andrew Hepburn has warned that the threat of the real estate bubble growing ever larger is not beyond the realm of possibility.
Canada’s most expensive places to rent
A Toronto-based website has identified Toronto, Vancouver and Calgary to be the most expensive places to rent in Canada.
Greater Sudbury housing starts decline
A new study from the CMHC has found that limited job and population growth are holding housing starts back in Greater Sudbury.
More Canadians snub debts, credit cards
A post-holiday spending poll by the Royal Bank of Canada has found that Canadians did not overspend this past holiday season and have kept their debts low.