5 Important Tips for First-Time Homebuyers
It’s often said that a home is the biggest investment you’ll ever make. For first-time homebuyers, the process is about much more than money.
Read moreIs Housing Canada’s Last Economic Lifeline?
Canada’s economy is growing at its slowest rate in 60 years, with only housing preventing things from getting worse.
Read moreOSFI Tells Banks to Stress-Test a Sharp Decline in Home Prices in Greater Vancouver, Toronto
OSFI urges some banks to stress-test a 30% drop in home prices. Canada’s banking watchdog is requiring some financial institutions to stress-test against sharp declines in house prices in Greater Vancouver and Greater Toronto, the country’s two hottest markets. The Office for the Superintendent of Financial Institutions (OSFI) sent out a notice to certain banks…
Read moreStrong Mortgage Regulations Make Canada Resilient to Housing Crisis: Moody’s
Rock-bottom interest rates are driving an unprecedented housing boom that has many economists worried about an overvalued market. But a recent report from Moody’s suggests Canada is more than capable of withstanding a market correction without a US-style recession.
Read moreThe Culture of Debt: Canada’s Growing Credit Problem
Nearly three-quarters of Canadian families carry some form of debt. This figure is expected to increase as debt acceptance remains a cultural norm. But under the seams of this cultural norm are big issues that threaten to undermine the economy.
Read moreBank of Canada (BOC) Expected to Keep Rates Low Until 2017, Providing More Fuel for Housing Market
After cutting the benchmark interest rate to 0.5% in July 2015, the Bank of Canada (BOC) has remained largely on the sidelines, as the world’s eleventh largest economy battled plunging oil prices and slowing international demand.
Read moreCanadian Real Estate Investing Continues to Pay Dividends
Real estate investing in Canada continues to pay dividends, with growth in house prices far outpacing gains in equities over the past 12 months.
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