Two major Canadian markets have white-hot commercial sectors
New statistics from StatsCan show that Toronto is still Canada’s largest metropolitan economy but there is a trend towards the western provinces contributing a higher proportion of the country’s GDP.
Concern is growing over the sustainability of prosperity growth in the commercial sector.
Calgary’s city-owned non-profit affordable housing agency has just sold its 500th home.
The property market south of the border is improving with stability in interest rates boosting confidence.
One of the broker network’s main lenders is applying to the Minister of Finance for a Schedule I bank charter.
Following news that many lenders are fleeing the northern markets, one broker believes the latest bank to do so will benefit.
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New figures from the Canada Mortgage and Housing Corp. show that housing starts were down in October; mainly due to a slowdown in condo construction.
The Bloomberg Nanos Canadian Confidence Index shows that Ontario has overtaken Alberta after 17 months behind.
After announcing that it has seen an increase of 28 per cent in its mortgage business in the past year partly due to not being restricted by tighter regulations that banks do, it may be a surprise that Home Capital has applied to become one.