A large bubble of people in their prime home-buying years, coupled with an influx of immigrants, is poised to support Canada’s housing market for the next decade, a major bank economist said Thursday. Benjamin Tal of CIBC put out a report on Thursday in which he argued that Canada’s population demographics are working in favour […]

With home-ownership rates headed for record levels and the federal government tightening lending rules to cool the market, the question now is whether we have reached the saturation point. Bank of Nova Scotia economist Adrienne Warren says that when the latest census figures come out next month she expects us to be in the elite […]

This article points out the well known fact real estate prices in Western Canada over the past decade have stretched consumers. Will prices come down with new mortgage rules and a slowing economy? Three of the four most expensive Canadian cities in which to buy a home are in the West. Vancouver leads the way, […]

OTTAWA — The Bank of Canada acknowledged Tuesday that the weakening global economy is slowing growth in this country more than previously thought, but it still expects moderate growth. To no one’s surprise, the central bank held its key interest rate at a near-historic low of 1%, where it has been since September 2010. What […]

The new mortgage rules effective July 9th will have an impact on some buyers and those who need to refinance their home. This is the governments way of getting us to control spending with respect to home ownership – which is a good thing. However, be careful when reading everything on the Internet, the news […]

Every time the mortgage rules change we read information on the Internet and in the media. I receive calls from people asking me specifically how the rules will impact them and I encourage everyone to contact their mortgage planner (my phone and email are always on). Unfortunately the media do not always make it clear […]

By Vernon Clement Jones | 20/06/2012 7:10:00 PM | 11 comments The reprieve Canadian brokers thought they had is no longer, with the Finance head confirming he will now lower the maximum amortization on an insured mortgage to 25 years and cap refinances at 80 per cent of a home’s value. But there’s more, Jim […]

BILL CURRY, GRANT ROBERTSON and TARA PERKINS OTTAWA AND TORONTO — The Globe and Mail Published Wednesday, Jun. 20 2012, 9:25 PM EDT Last updated Thursday, Jun. 21 2012, 7:53 AM EDT • The federal government is moving again to tighten the rules on mortgage lending in Canada amid growing concerns that the housing market […]

It’s official, Canadians are still piling on debt, just at a slower rate. The latest numbers from Statistics Canada put the debt-to-disposable-income ratio at 152% as of the end of the first quarter this year. That’s up from 150.5% in the last quarter of 2011. However, borrowing growth actually slowed in Q1 to 0.9%. The […]

Canada suffered its slowest sales growth in May, thanks in large part to good old T.O., according to new Realtor data. The number of homes sold in Toronto rose 11 percent, which was down from an increase of 18 percent in April. Price growth also slowed, with the average sales gain coming in at 6.5 […]