Canadian Consumer Debt Increases
Photo: Flickr / Aron BakerAccording to a new report released by the federal bureau of
number-crunching (officially known as Statistics Canada), the organization has
sounded the bells of alarm in regards to the ever-increasing debt load held by
Central Bank Raises Overnight Rate to 1%
Photo: Flickr / Steven LilleyDuring the first half of the year, a loud debate was occurring
in public as to what would happen if the Canadian central bank were to raise
its interest rates, how would affect the real estate market, and most impo...
Survey: Many Canadians Can’t Afford Extra Mortgage Costs
Photo: Flickr / GotCreditAccording to a recent poll conducted by Manulife Financial,
there is a very small percentage of Canadians who say that they would be able
to weather an increase in mortgage costs. Such data highlights the growing
Government Regulations Barely Impact Toronto Markets
Photo: Flickr / Jamie McCaffreyAs the federal government has grown more and more concerned
in regards to ever-rising prices in the real estate sector, it has embarked on
a series of reforms that it claims will help prevent an excessive growth...
Canadian Central Bank Watchful of Rate Changes
Photo: Flickr / Chris BrownAccording to an announcement offered by the Bank of Canada,
the institution stated that it would leave its overnight rate (currently at
0.5%), as well as offering an explanation as to why it has come to such a
Higher Mortgage Rates Threaten Real Estate Market Performance
Photo: Flickr / 401(K) 2012Despite record home sales for the month of October, it is
clear that the new federal government financial regime – aimed to prevent
excessive consumer debt in a period of incredibly high home prices – has the
New American President Will Affect Canadian Mortgages
Photo: Flickr / Julian CarvajalThe election of a new American president will potentially
mean changes in the Canadian mortgage regime, say a number of experts. President-elect
Donald Trump’s vision for economic recovery in the United States is to s...
New Rules Meant for Long-Term Economic Growth
Photo: Flickr/ Images MoneyThe new mortgage regulations set by the
CMHC has almost everyone talking – and not in a positive way. From financial
experts to local realtors, many are complaining that the new rules are going to
severely limit not only...
CREA Critical of New Mortgage Regulations
Photo: Flickr/ 401(K) 2012The Canadian Real Estate Association is
expressing concern about the federal government’s newly implemented mortgage
rules, according to a press conference tabled by the association’s president.
The new rules – which incl...
Expert Defends New Financial Rules
Photo: Flickr/ PopTechAccording to an editorial penned by the
president of the Canadian Mortgage and Housing Corporation, the federal
government’s newly implemented regulations are doing exactly what they are
designed to do – prevent the housing m...