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Canadian Mortgages Are Ballooning to Keep Up With House Prices
Since 2007, the average residential mortgage in Canada has surged 71%, placing even bigger strain on households.
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Money Talks: Volume 2
This edition of Money Talks explores the resilience of Canada’s housing sector despite a slowing economy.
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Is 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.
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OSFI 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…
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Ottawa’s Condominium Conundrum
Every real estate market has its stories, and one of the most interesting ones in the nation’s capital is that of condominiums.
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