Why aren’t home prices falling? Home sellers won’t have it
Despite dropping real estate sales, home affordability hasn’t improved since the new mortgage rules came into effect on Jan. 1. Continue reading
Bank of Canada
Household debt, sky-high home prices remain Canada’s top vulnerabilities: BoC
The central bank said in a report released Thursday that although household credit growth has slowed, indebtedness remains high. Continue reading
Canadian economy is more vulnerable to external threats like NAFTA, IMF says
The external risks facing the Canadian economy are more acute than in the recent past, the International Monetary Fund said Monday in an annual review that has focused on the country’s housing market in recent years. Continue reading
The big risk from Trump’s tariffs is Canadian firms scrapping their investment plans
The tariffs could hit business investment just as it was starting to gain momentum while the housing market and consumer spending slow. Continue reading
Too soon to tell how U.S. tariffs will affect Canadian economy: Bank of Canada official
Central bank policymakers will have to watch how the data shape up in the coming months, a Bank of Canada official said on Thursday. Continue reading
Bank of Canada keeps interest rate at 1.25%, but economists predict hike in July
The tone of the latest interest rate announcement suggests the bank is gearing up for a second interest rate increase this year on July 11. Continue reading
Canada’s inflation slows slightly in April, down a notch to 2.2 per cent
The reading is unlikely to have a significant impact on the next Bank of Canada decision on interest rates. Continue reading
Nearly 50% of mortgages in Alberta are up for renewal in 2018
By Jack Haskins Sports Reporter
Nearly half of the pre-existing mortgages in Alberta are up for renewal in 2018. Continue reading
Canada’s big banks increase mortgage rates, may prompt Bank of Canada hikes
Canada’s Big Six banks have all increased their benchmark fixed-rate mortgage rate, which analysts say could trigger a rise in the Bank of Canada’s qualifying mortgage rate as early as Wednesday, making it more difficult for some to take on home loans. Continue reading
Are variable mortgage rates still the best choice for saving on interest?
One famous study shows a variable rate would have been the better deal 90 per cent of the time between 1950 and 2001. Does that still hold? Continue reading
