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Snapshot of Canada’s Residential Mortgage Market
Canada’s housing market continued to prove its resilience in 2015, as the combination of rock bottom interest rates and a competitive finance system outweighed the negative shock of plunging oil prices on the economy. Actual home sales rose 10% on a year-over-year basis in December,[1] with first-time homebuyers representing a growing share of the residential mortgage market.
Read more5 Factors Threatening the Canadian Economy: Consumer Spending
In the mini-series we’ve been running all week focusing on the biggest threats to the Canadian economy, we’ve looked at the housing market, oil prices, and just yesterday, household debt. Debt is worrisome of course because if people are taking on too much of it (as Canadians have been for the past few years,) they…
Read more5 Factors Threatening the Canadian Economy: Housing Slowdown
At the end of every year we take a look back at the biggest things that helped the Canadian economy in that year, and the factors that were the biggest drag on it. This year we thought we’d get a jump on things and take inventory a little early, and maybe compare it with where…
Read moreRBC Forecast Presents Some Interestings Facts, Predictions
RBC’s recently released housing forecast for Canada includes a number of interesting points about the Canadian housing market, both currently and moving forward: – An increase in interest rates over the next two years will cool Canada’s resale market and slow down home price growth, but won’t cause either to decrease below current levels. -Essentially,…
Read moreBank of Canada Interest Rate Decision Coming Tomorrow
Tomorrow, the Bank of Canada will make its rate hike decision, though the consensus appears that no change is imminent. A survey of 37 economists predicts that there will not be a rate hike tomorrow and that while it is a slight possibility that there will be a hike in September, it is much likelier…
Read moreFed Hopes to Boost Flagging Economy with $600 Billion Stimulus
US Federal Reserve hopes to fuel spending and get the economy back on its feet with $600 Billion Stimulus.
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