Bank of Canada announces overnight rate
There has been much speculation since the Bank of Canada’s surprise rate cut in late January, but have the predictions come true?
Condo sales plateau in major market
One of Canada’s largest markets hit a decades-old record for unsold condo units this January, as supply continues to skyrocket. But what will this mean for prices and the health of the housing market as a whole?
Foreign investors to flood housing markets?
Many of Canada’s foreign investors hail from China, but political uncertainty in other parts of the world could bring a wave of investment from two countries in particular.
Mortgage lenders tightening in major market
Homebuyers in one major market may have difficulty in qualifying for a mortgage as sinking oil prices scare lenders in the region.
Ten-year study reveals surprising stats
A new study, 10 years in the making, will help agents better advise clients who are interested in purchasing one of the most popular property types.
Should five per cent be a requirement?
The level of mortgage debt in Canada has sparked furious debate among industry professionals about qualification standards for mortgages.
Second big bank forecasts further rate cut
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.
Condo market continues to boom
One major market recorded its third best year for condo sales on record in 2014, and saw a marked increase year-over-year.
What do low rates mean for a potential housing bubble?
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.
Banks refuse rate match to keep market afloat
One big bank has offered an explanation for why its prime rate doesn’t match the Bank of Canada’s overnight rate, but some industry players aren’t exactly sold.