Canadian Mortgage Stress Test to Become More Lenient
Canadian Mortgage Stress Test to Become More Lenient For the first time since the federal government implemented the new stress test rules on Canadian home loans, the standards have…
Canada’s Housing Market: Slow and Steady Wins the Race
Canada’s Housing Market: Slow and Steady Wins the Race Following the federal government’s latest mortgage requirements, the Canadian housing market has seen a dramatic downturn in sales. Over the past…
Canada won’t interfere in housing market — for now: Flaherty
OTTAWA — The Canadian government has no plans for now to clamp down on the housing market even though prices are rising again, Finance Minister Jim Flaherty said on Monday,…
Why no rate hike means variable mortgages are safe again
A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood of falling mortgage rates, could be enough…
Canadian Real Estate Association raises the future outlook for home sales this year.
OTTAWA - The Canadian Real Estate Association has raised its outlook for homes sales this year as it reported an 11.1 per cent jump in August sales compared with a…
HOUSING TREND IN CANADA
Housing affordability in Canada deteriorates marginally in the second quarter of 2013 The recent upswing in the Canadian housing market brought with it some mild erosion in housing affordability…
Canada has room for more interest rate cuts: IMF
OTTAWA — While Canada’s economy should pick up later this year, there are external and domestic threats that, if unchecked, could make a case for more interest rate cuts, according…
Bank of Canada says may have to hike rates
OTTAWA - The Bank of Canada left its key interest rate at 1 per cent on Tuesday as expected but said it may need to start hiking rates due to…
5 reasons a fixed-rate mortgage could be your best bet
It's a decision that millions of Canadian homeowners struggle with repeatedly during their time as homeowners: Do they choose the security of a fixed-rate mortgage, or opt for the flexibility…