Rising interest rates and B-20’s are the likely culprits
Homeowners in BC and Alberta have the highest average mortgage debt according to StatsCan data.
The lower interest rates haven’t done anything to curb fears over the economy; in fact they may have made things worse.
In these uncertain times it’s more important than ever to collect data about how brokers feel about the future of the industry and we intend to do just that with our annual Broker Sentiment issue. Click here to take the quick five minute survey; the responses will then be shared with Canada’s mortgage broker associations to ensure broker voices are heard.
As Canada’s five major banks announced prime-rate reduction for mortgages, Ontario’s largest credit union stepped up to deliver a cut of its own.
One major market recorded its third best year for condo sales on record in 2014, and saw a marked increase year-over-year.
Consumer confidence is hitting the property market in Calgary says the Calgary Real Estate Board.
The market for condos in the Greater Toronto Area is likely to be slower in the coming months due to the impact of weaker oil prices.
The Toronto Real Estate Board will be making recommendations to the city’s budget committee today in a bid to tackle housing affordability.
Finance Minister Joe Oliver has assured Canadians there is no housing bubble developing, despite record low interest rates that may entice some buyers to purchase more home than they can likely afford.
It’s been a whirlwind week following the Bank of Canada’s announced rate change and the industry could be in for even more disruption come March, according to a growing chorus of financial institutions predicting further cuts.