Canada Mortgage and Housing Corporation's Homeowner's Debt at a Glance report shows that home equity lines of credit balances were highest in this province during the first quarter of this year
The housing market will continue to be “buoyant” throughout this year but with “significant diversity” across regional markets.
The level of household debt in Canada rose to 163.3 per cent of disposable income in the fourth quarter of 2014.
A Vancouver mansion has sold for an eye-watering $51 million.
Brokers are calling for a higher barrier to entry into the industry, and many believe the first step lies in establishing a more rigorous curriculum for attaining the broker designation.
Brokers are already considering diverting clients from one big bank to another, following a recent change to a popular mortgage product.
February marked the fourth straight deceleration of the country’s housing price index, an early sign of cooling housing markets across the country, despite a 4.4 per cent increase over the same period last year.
Toronto is one of the ten most economically important cities in the world.
A Canadian debt company has warned that consumers have a too-laid-back attitude to borrowing money.
A new 80-storey development in Toronto will become Canada’s tallest building with the owner promising it will put the junction of Yonge and Bloor Streets “on the international map”.
It may be a controversial tactic, but one broker has admitted to using it to discourage clients from shopping for rate at the big banks.