Had former Prime Minister Stephen Harper not slashed $500 million from the RCMP’s budget to fight organized crime, money laundering through Canadian real estate wouldn’t be rampant today, charges a lawyer
Canadians may be in debt but many are not concerned.
One of the biggest risks to Canada’s economy is household financial stress and the possibility of a sharp housing price correction, according to the Bank of Canada.
Now that the Bank of Canada has jumped into the overvaluation discussion, brokers have weighed in on the organization’s methods and accuracy.
Seven characteristics of CEOs who’ve made social media work for them – and two signs you just don’t get it.
The Bank of Canada has joined the voices saying that Canada’s housing market is over-valued but a new report forecasts a moderation of prices in the coming year.
Even in the hottest property markets the next 12 months should see an easing of the fast pace of price growth.
While some are predicting a downturn in the housing market in Alberta due to the lower oil prices, a local real estate board is more upbeat.
The Bank of Canada is warning that 1 in 8 households, about 12 per cent, are at the greatest risk from a rise in interest rates due to their levels of debt.
The Bank of Canada has developed a new model to determine the overvaluation of housing prices in Canada and has, for the first time, provided its own estimation.
A weakened Canadian dollar will benefit buyers and brokers in one major area but another will have to grapple with a slowing market.