Statistics Canada says households are more in debt than previously thought.
At the end of August, National Bank raised its fixed, three-year residential mortgage rate to 4.05%. The bank has now decided to lower it once again.
The Canadian housing market is not destined to crash, says Bank of Nova Scotia chief executive officer Rick Waugh.
Housing has become more expensive for the second quarter in a row.
Demographic forces will aid, rather than hinder, the real estate market over the coming decade, says Benjamin Tal, deputy chief economist at CIBC in a report. This is because the age group that makes up the majority of first time homebuyers (25-to-35) will continue to grow, he says. Read: Housing bubble to burst Those under […]
The downside risks to Canada’s housing market are increasing, says a Scotiabank report on Canadian Housing. “Canada’s housing market is expected to avoid the sharp downturn witnessed in the United States and Europe,” says Adrienne Warren, senior economist at Scotiabank. “But, the downside risks to domestic housing activity are increasing. The impact of the slowdown […]
Canadian economic growth in 2012 will fall short of 2.1%, the Bank of Canada’s original projection.
When will the Canadian housing market bubble burst? Soon, says a recent report by Royal LePage.
Following the release of BoC’s gloomy Monetary Policy Report last week, Laurentian Bank and its research team downgraded their provincial and national growth forecasts for Canada in 2012. It expects the country to grow only 2% over the next two years, and has released a new edition of the Provincial Monitor, a report highlighting the […]
So far, Canada has avoided a catastrophic housing crash. And, while it’s unlikely a popping of Canada’s housing bubble would resound worldwide, it would be a downer domestically.