Despite their proliferation in recent years, most lenders remain reticent about doling out mortgages
Ottawa has no plans to take any “immediate action” on the housing market according to Stephen Harper.
Canadian consumers increased their average debt to $21,428 excluding mortgages last year according to credit agency TransUnion.
A recent report by TD Bank that house prices in the Newfoundland and Labrador would fall by up to 10 per cent has been challenged by a local CHMC analyst.
The OECD has downgraded its forecast for the Canadian economy citing weak oil and commodities sectors as a major factor.
A leading financial advisor is projecting a 40-50 per cent housing price correction and is laying the blame on the CMHC.
When it comes to their best rate, big banks can play coy. And one broker has developed a strategy to force banks to reveal their dishonesty to potential clients.
Brokers across the country acknowledge the growing number of online rate shoppers, but finally a study has been conducted to give a glimpse into just how prevalent they are.
A city councillor in the country’s hottest market is spearheading a move to crack down on the illegal conversion of secondary suites – something that could affect a wide array of potential buyers.
The Bank of Montreal has announced a ‘special’ rate for its 5 year fixed-rate loan and was quickly followed by Toronto-Dominion.
A report from BMO ranks 10 out of 22 housing markets in Canada as “very weak” including Calgary, Edmonton and Ottawa.